Ringcentral Inc (RNG): Praful Shah , SVP, Strategy of Ringcentral Inc sold 10,000 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $19.05 per share for a total value of $190,700.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 24, 2016, David Sipes (EVP and Chief Revenue Officer) sold 1,101 shares at $18.50 per share price.On Feb 24, 2016, Kira Makagon (EVP, Innovation) sold 977 shares at $18.50 per share price.Also, On Jan 6, 2016, John H Marlow (SVP & General Counsel) sold 4,000 shares at $22.42 per share price.On Dec 14, 2015, Clyde Hosein (EVP and CFO) sold 82,682 shares at $24.58 per share price.
Shares of RingCentral Inc (RNG) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.36 points or -1.89% at $18.69 with 5,43,457 shares getting traded. Post opening the session at $19, the shares hit an intraday low of $18.5505 and an intraday high of $19.31 and the price vacillated in this range throughout the day. The company has a market cap of $1,100,467 M and the number of outstanding shares has been calculated to be 58,88,00,00,000 shares. The 52-week high of RingCentral Inc is $25.67 and the 52-week low is $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.