Whale Rock Capital Management Lc has invested 2.18% in RingCentral, Inc.
The stock increased 2.21% or $1.7 during the last trading session, reaching $78.5. About 6.56 million shares traded or 97.65% up from the average. RingCentral, Inc. (NYSE:RNG) has risen 80.85% since January 13, 2017 and is uptrending. It has outperformed by 13.23% the S&P500.
More news for RingCentral, Inc.
(RNG) by 33.57% based on its latest 2017Q3 regulatory filing with the SEC. Whale Rock Capital Management Llc who had been investing in Ringcentral Inc for a number of months, seems to be less bullish one the $3.99 billion market cap company. The stock increased 1.45% or $0.75 during the last trading session, reaching $52.35. 200,404 shares of the stock traded hands. It is down 25.97% since January 13, 2017 and is downtrending. It has outperformed by 64.15% the S&P500.
Investors sentiment decreased to 0.99 in Q3 2017. Its up 0.07, from 1.24 in 2017Q2. It is negative, as 48 investors sold V shares while 617 reduced holdings.
Hedge funds have recently made changes to their positions in the business. Vaughan Nelson Investment Mgmt LP holds 0.34% of its portfolio in RingCentral, Inc. Also, insider Praful Shah sold 10,000 shares of RingCentral stock in a transaction on Thursday, January 4th. (NYSE:RNG). Voya Inv Mngmt Limited Liability Corporation owns 153,025 shares. Teton owns 49,300 shares for 0.3% of their portfolio.
Eam Investors Llc decreased Ringcentral Inc.
RingCentral, Inc is a provider of software-as-a-service (SaaS) solutions for businesses to support modern communications. (NYSE:RNG) for 689,812 shares. (NASDAQ:SAL). Blackrock reported 0% stake. (NYSE:RNG) or 190,000 shares. Nationwide Fund Advsr has invested 0.02% in RingCentral, Inc. (NYSE:RNG) was sold by Dhruv Mitesh on Wednesday, October 4. (NYSE:RNG) for 15,214 shares. FMR LLC now owns 2,905,422 shares of the software maker's stock valued at $106,193,000 after buying an additional 832,314 shares during the period. It also increased its holding in Lam Research Corp (NASDAQ:LRCX) by 79,414 shares in the quarter, for a total of 480,753 shares, and has risen its stake in Cognex Corp (NASDAQ:CGNX). Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. Therefore 82% are positive. (NYSE:V) on Tuesday, November 3 with "Outperform" rating. The rating was downgraded by Robert W. Baird to "Neutral" on Thursday, August 10. The rating was maintained by Dougherty & Company on Wednesday, October 28 with "Buy". Finally, Oppenheimer lifted their price target on RingCentral from $50.00 to $56.00 and gave the company an "outperform" rating in a research report on Wednesday, December 6th. On Monday, August 21 Shmunis Vladimir sold $3.88M worth of RingCentral, Inc. The rating was upgraded by Robert W. Baird to "Outperform" on Monday, December 12. 36,594 are held by Raymond James Finance. Oppenheimer maintained RingCentral, Inc. Northland Securities restated a "buy" rating and set a $46.00 price objective on shares of RingCentral in a research note on Friday, November 10th. (NYSE:RNG) on Thursday, November 9 with "Buy" rating. The rating was initiated by SunTrust on Monday, June 26 with "Buy".
Analysts expect RingCentral, Inc. The software maker reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. During the same quarter in the previous year, the business earned $0.03 earnings per share. After $-0.07 actual EPS reported by RingCentral, Inc. for the previous quarter, Wall Street now forecasts 14.29 % negative EPS growth.
Since August 16, 2017, it had 0 insider purchases, and 22 insider sales for $18.39 million activity. Finally, Turner Investments LLC acquired a new stake in shares of RingCentral in the 2nd quarter worth $256,000. The insider Sipes David sold 13,800 shares worth $533,276.
Among 23 analysts covering Boeing (NYSE:BA), 15 have Buy rating, 1 Sell and 7 Hold. Therefore 50% are positive. Boeing had 88 analyst reports since August 26, 2015 according to SRatingsIntel. Jefferies maintained it with "Buy" rating and $3800 target in Wednesday, August 2 report. The firm has "Market Perform" rating by Wells Fargo given on Friday, December 18. RBC Capital Markets maintained Visa Inc. The firm has "Buy" rating by Jefferies given on Friday, October 6. The firm earned "Overweight" rating on Tuesday, April 11 by Morgan Stanley. The company was maintained on Thursday, August 3 by Northland Capital. The Minnesota-based Accredited Invsts Incorporated has invested 0.65% in Tennant Company (NYSE:TNC). 165 funds opened positions while 367 raised stakes. Ameriprise Financial reported 101,421 shares. First Merchants stated it has 0.12% in The Boeing Company (NYSE:BA). (NYSE:RNG). Paloma Ptnrs Mgmt holds 55,817 shares or 0.03% of its portfolio. 4,556 were reported by Bender Robert And Associates. Portolan Capital Ltd accumulated 155,604 shares. Timber Creek Mngmt Ltd Liability Com holds 0.09% or 550 shares. (NASDAQ:SAL). Next Fincl Gp holds 600 shares or 0.01% of its portfolio. Rhumbline Advisers stated it has 71,314 shares or 0.01% of all its holdings. 4,395 are held by Kistler. Loomis Sayles LP reported 721,399 shares. Brighton Jones Limited Liability Company has 18,512 shares. Credit Suisse Ag has 21,666 shares for 0% of their portfolio.
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