Ringcentral Inc (RNG): Clyde Hosein , EVP and CFO of Ringcentral Inc sold 2,409 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were sold at $18.27 per share for a total value of $44,012.43 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, David Sipes (EVP and Chief Revenue Officer) sold 2,276 shares at $18.27 per share price.On May 25, 2016, John H Marlow (SVP & General Counsel) sold 2,255 shares at $18.60 per share price.Also, On May 25, 2016, Kira Makagon (EVP, Innovation) sold 3,123 shares at $18.60 per share price.On May 18, 2016, Praful Shah (SVP, Strategy) sold 10,000 shares at $19.05 per share price.
RingCentral Inc: On Friday, May 20, 2016 heightened volatility was witnessed in RingCentral Inc which led to swings in the share price. The shares opened for trading at $18.76 and hit $19.19 on the upside , eventually ending the session at $18.94, with a gain of 1.34% or 0.25 points. The heightened volatility saw the trading volume jump to 6,93,608 shares. The 52-week high of the share price is $25.67 and the company has a market cap of $1,115,187 M . The 52-week low of the share price is at $13.88.
RingCentral Inc. is a provider of software-as-a-service (SaaS) solutions for business communications. The Company’s products are RingCentral Office RingCentral Professional and RingCentral Fax which it sells as monthly subscriptions to its customers. The Company’s flagship product RingCentral Office is a multi-location multi-user enterprise-grade communications solution that enables employees to communicate through different channels and on multiple devices. RingCentral Professional is an inbound call routing subscription with additional text and fax capabilities targeting smaller deployments. RingCentral Fax is an Internet fax subscription that permits sending and receiving faxes over the Internet.