RingCentral, Inc. (NASDAQ: RNG) reported that President and Chief Operating Officer Kira Makagon sold a total of 51,510 shares of Class A Common Stock during trading on March 26 and 27, 2026, for aggregate proceeds of approximately $1.8 million. The transactions were recorded in a Form 4 filing with the Securities and Exchange Commission and were conducted under a pre-established Rule 10b5-1 trading arrangement that Makagon adopted on March 14, 2025.
The individual transactions and reported aggregates are as follows:
- On March 26, Makagon sold 3,800 shares at a weighted average price of $35.652, with execution prices ranging from $35.17 to $36.16, producing total proceeds of $135,478.
- Also on March 26, she sold 2,070 shares at a weighted average price of $36.282, with prices ranging from $36.175 to $36.38, for total proceeds of $75,114.
- On March 27, Makagon sold 39,058 shares at a weighted average price of $35.676, with trade prices between $35.00 and $35.98, resulting in $1,393,503 in proceeds.
- The final reported sale on March 27 consisted of 5,782 shares at a weighted average price of $36.541, with prices ranging from $36.01 to $36.68, totaling $211,300.
After these dispositions, Makagon is shown as directly holding 242,585 shares of RingCentral’s Class A Common Stock.
The report notes that the sales spanned transaction prices from $35.00 up to $36.68. At the time of the filing, RingCentral's share price was reported at $35.36, a level that represents a 30% gain year-to-date. InvestingPro analysis referenced in the filing indicates that RingCentral remains undervalued relative to its Fair Value and that the company appears on a Most Undervalued list maintained by that service.
Separately, RingCentral disclosed its fourth-quarter operating results that included a 5% year-over-year increase in total revenue and a 6% increase in subscription revenue, matching consensus estimates. Earnings per share for the quarter came in at $1.18, exceeding the forecasted $1.13 figure cited from Mizuho. Following the release, Mizuho raised its price target for RingCentral to $32 while keeping a Neutral rating.
Other research activity reported around the quarter included Needham raising its price target to $55, citing the company’s progress with AI-powered agent technology, and Piper Sandler increasing its price target to $37 while noting balance sheet improvements; both firms retained Neutral ratings.
Market structure developments involving RingCentral were also noted. The company will be added to the S&P SmallCap 600 index, replacing Hillenbrand Inc., and RingCentral announced the appointment of Mahmoud ElAssir, UnitedHealth Group’s Chief Technology Officer, to its Board of Directors. These moves were cited as part of a period of active company developments as RingCentral continues to evolve its product offerings and corporate position.
For investors seeking further analysis of RingCentral’s valuation and executive activity, a comprehensive Pro Research Report covering this company and more than 1,400 other U.S. equities is available through the referenced research service. The filing details, analyst commentary, and index changes together form the record underlying the reported insider transactions and recent corporate updates.
Summary of transaction metrics:
- Total shares sold: 51,510
- Approximate proceeds: $1.8 million
- Price range across trades: $35.00 to $36.68
- Post-transaction direct ownership for Makagon: 242,585 shares