On December 4, 2024, Robert Theis, a Director at RingCentral Inc (RNG, Financial), sold 1,457 shares of the company, according to a SEC Filing. Following this transaction, the insider now owns 28,690 shares of the company.
RingCentral Inc (RNG) is a provider of cloud-based communications and collaboration solutions for businesses. The company's platform offers a range of services, including voice, video, team messaging, and collaboration, as well as contact center solutions.
Over the past year, Robert Theis has sold a total of 11,362 shares and has not purchased any shares. The insider transaction history for RingCentral Inc shows that there have been 0 insider buys and 23 insider sells over the same timeframe.
On the day of the recent sale, shares of RingCentral Inc were trading at $37.79, giving the stock a market cap of $3.71 billion. With a price of $37.79 and a GuruFocus Value of $39.82, RingCentral Inc has a price-to-GF-Value ratio of 0.95, indicating that the stock is fairly valued based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on the following three factors:
- Historical multiples (price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow) that the stock has traded at.
- A GuruFocus adjustment factor based on the company’s past returns and growth.
- Future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
