Analyst Downgrades – Ringcentral (NYSE:RNG) Stock Gets Downgraded By Morgan Stanley from Overweight to Equal Weight

ME Staff
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Analyst Ratings For Ringcentral (NYSE:RNG)

Today, Ringcentral (NYSE:RNG) stock was downgraded by Morgan Stanley from Overweight to Equal Weight.

There are 2 hold ratings, 9 buy ratings on the stock.

The current consensus rating on Ringcentral (NYSE:RNG) is Buy (Score: 2.82) with a consensus target price of $36.80 per share, a potential 2.22% upside.

Some recent analyst ratings include

  • 7/20/2017-Morgan Stanley was Downgraded by analysts at Morgan Stanley from a “Overweight ” rating to a ” Equal Weight” rating.
  • 7/2/2017-Jefferies Group LLC Reiterated Rating of Buy.
  • 6/26/2017-SunTrust Banks, Inc. initiated coverage with a Buy rating.
  • 6/25/2017-Stephens Reiterated Rating of Overweight.
  • 6/23/2017-Northland Securities Reiterated Rating of Buy.
  • 5/22/2017-William Blair Reiterated Rating of Outperform.

Recent Insider Trading Activity For Ringcentral (NYSE:RNG)
Ringcentral (NYSE:RNG) has insider ownership of 14.53% and institutional ownership of 72.03%.

  • On 7/19/2017 John H Marlow, CAO, sold 11,000 with an average share price of $35.80 per share and the total transaction amounting to $393,800.00. View SEC Filing
  • On 7/18/2017 John H Marlow, CAO, sold 5,000 with an average share price of $35.80 per share and the total transaction amounting to $179,000.00. View SEC Filing
  • On 7/13/2017 Vladimir Shmunis, CEO, sold 73,000 with an average share price of $36.87 per share and the total transaction amounting to $2,691,510.00. View SEC Filing
  • On 6/14/2017 John H Marlow, CAO, sold 6,000 with an average share price of $35.68 per share and the total transaction amounting to $214,080.00. View SEC Filing
  • On 6/14/2017 Praful Shah, Insider, sold 10,000 with an average share price of $36.07 per share and the total transaction amounting to $360,700.00. View SEC Filing
  • On 6/13/2017 John H Marlow, CAO, sold 3,000 with an average share price of $35.50 per share and the total transaction amounting to $106,500.00. View SEC Filing
  • On 6/13/2017 Vladimir Shmunis, CEO, sold 86,000 with an average share price of $35.84 per share and the total transaction amounting to $3,082,240.00. View SEC Filing

Recent Trading Activity for Ringcentral (NYSE:RNG)
Shares of Ringcentral closed the previous trading session at 36.00 up +0.20 0.56% with 1,663,937 shares trading hands.