Ringcentral Inc (RNG) Files Form 4 Insider Selling : David Sipes Sells 15,025 Shares

Ringcentral Inc (RNG): David Sipes , EVP and Chief Revenue Officer of Ringcentral Inc sold 15,025 shares on Jun 9, 2016. The Insider selling transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were sold at $20.78 per share for a total value of $312,219.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 10, 2016, John H Marlow (SVP & General Counsel) sold 2,000 shares at $20.68 per share price.On Jun 2, 2016, Praful Shah (SVP, Strategy) sold 10,000 shares at $19.80 per share price.Also, On May 25, 2016, Clyde Hosein (EVP and CFO) sold 2,409 shares at $18.27 per share price.On May 25, 2016, David Sipes (EVP and Chief Revenue Officer) sold 2,276 shares at $18.27 per share price.

Shares of RingCentral Inc (RNG) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.22 points or -1.07% at $20.36 with 6,61,868 shares getting traded. Post opening the session at $20.36, the shares hit an intraday low of $19.82 and an intraday high of $20.41 and the price vacillated in this range throughout the day. The company has a market cap of $1,472 M and the number of outstanding shares has been calculated to be 7,23,02,024 shares. The 52-week high of RingCentral Inc is $25.67 and the 52-week low is $13.88.

RingCentral Inc Money Flow Index Chart

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.

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