Ringcentral INC (RNG) Valuation Rose While Gilder Gagnon Howe & Co LLC Has Cut Its Stake by $20.97 Million

RingCentral, Inc. (NYSE:RNG) LogoInvestors sentiment decreased to 1.09 in 2018 Q2. Its down 0.07, from 1.16 in 2018Q1. It fall, as 21 investors sold RNG shares while 82 reduced holdings. 37 funds opened positions while 75 raised stakes. 59.30 million shares or 2.48% more from 57.87 million shares in 2018Q1 were reported. Brandywine Managers Lc holds 0.65% in RingCentral, Inc. (NYSE:RNG) or 23,095 shares. Weiss Multi holds 25,000 shares or 0.04% of its portfolio. Bluemountain Cap Lc holds 0.12% of its portfolio in RingCentral, Inc. (NYSE:RNG) for 90,563 shares. D E Shaw & holds 0.07% of its portfolio in RingCentral, Inc. (NYSE:RNG) for 779,367 shares. Oakworth owns 296 shares. Southpoint Cap Advisors LP reported 8,800 shares or 0.03% of all its holdings. Verition Fund Mgmt Limited Liability owns 0.16% invested in RingCentral, Inc. (NYSE:RNG) for 36,916 shares. 843,761 were accumulated by State Street Corporation. 1492 Limited Liability reported 105,402 shares stake. Partners Limited Liability Com owns 101,076 shares for 0.27% of their portfolio. Numerixs Invest invested in 0.05% or 2,795 shares. Deutsche Fincl Bank Ag invested 0.03% of its portfolio in RingCentral, Inc. (NYSE:RNG). Metropolitan Life Commerce holds 0% in RingCentral, Inc. (NYSE:RNG) or 5,235 shares. Alliancebernstein LP invested in 603,054 shares. Rhumbline Advisers holds 0.01% or 69,871 shares.

Since June 11, 2018, it had 0 insider purchases, and 22 sales for $31.72 million activity. Another trade for 88,197 shares valued at $7.91 million was made by Shmunis Vladimir on Monday, August 20. Shah Praful also sold $525,419 worth of RingCentral, Inc. (NYSE:RNG) on Tuesday, August 28. 2,471 shares were sold by Dhruv Mitesh, worth $195,774 on Thursday, November 29. Michelle McKenna sold 2,500 shares worth $211,325. 14,500 RingCentral, Inc. (NYSE:RNG) shares with value of $1.36 million were sold by Marlow John H.

Gilder Gagnon Howe & Co Llc decreased its stake in Ringcentral Inc (RNG) by 10.19% based on its latest 2018Q2 regulatory filing with the SEC. Gilder Gagnon Howe & Co Llc sold 299,551 shares as the company’s stock rose 24.41% with the market. The institutional investor held 2.64M shares of the technology company at the end of 2018Q2, valued at $185.71 million, down from 2.94M at the end of the previous reported quarter. Gilder Gagnon Howe & Co Llc who had been investing in Ringcentral Inc for a number of months, seems to be less bullish one the $6.40 billion market cap company. The stock decreased 0.06% or $0.04 during the last trading session, reaching $80.35. About 150,061 shares traded. RingCentral, Inc. (NYSE:RNG) has risen 127.61% since December 6, 2017 and is uptrending. It has outperformed by 111.99% the S&P500.

Gilder Gagnon Howe & Co Llc, which manages about $6.26B and $9.28B US Long portfolio, upped its stake in Liberty Media Corp Delaware Com Ser C Frmla by 414,867 shares to 1.27M shares, valued at $47.08M in 2018Q2, according to the filing. It also increased its holding in Illumina Inc Com (NASDAQ:ILMN) by 38,852 shares in the quarter, for a total of 97,515 shares, and has risen its stake in Roku Inc Com Cl A.

Analysts await RingCentral, Inc. (NYSE:RNG) to report earnings on February, 11. They expect $-0.04 earnings per share, up 50.00 % or $0.04 from last year’s $-0.08 per share. After $-0.03 actual earnings per share reported by RingCentral, Inc. for the previous quarter, Wall Street now forecasts 33.33 % negative EPS growth.

More notable recent RingCentral, Inc. (NYSE:RNG) news were published by: Seekingalpha.com which released: “RingCentral: Valuation Now Seems More Realistic – Seeking Alpha” on November 19, 2018, also Zacks.com with their article: “SABR or RNG: Which Is the Better Value Stock Right Now? – Zacks.com” published on November 27, 2018, Seekingalpha.com published: “Billion-Dollar Unicorns: RingCentral Counting On Acquisitions And AI Upgrades – Seeking Alpha” on November 23, 2018. More interesting news about RingCentral, Inc. (NYSE:RNG) were released by: Investorplace.com and their article: “7 Buy-Rated Tech Stocks at Steep Discounts – Investorplace.com” published on November 13, 2018 as well as Bizjournals.com‘s news article titled: “Warriors ring up yet another ‘founding partner’ deal for Chase Center – San Francisco Business Times” with publication date: November 15, 2018.

RingCentral, Inc. (NYSE:RNG) Ratings Coverage

Among 7 analysts covering RingCentral (NYSE:RNG), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. RingCentral had 8 analyst reports since June 15, 2018 according to SRatingsIntel. The stock of RingCentral, Inc. (NYSE:RNG) earned “Outperform” rating by Robert W. Baird on Monday, November 19. Robert W. Baird maintained it with “Neutral” rating and $90 target in Tuesday, August 7 report. The stock has “Buy” rating by Jefferies on Friday, June 15. As per Tuesday, August 7, the company rating was maintained by Bank of America. JP Morgan maintained the stock with “Neutral” rating in Friday, June 15 report. Oppenheimer maintained RingCentral, Inc. (NYSE:RNG) on Tuesday, June 19 with “Outperform” rating.

RingCentral, Inc. (NYSE:RNG) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.