{
  "id": 7908125,
  "title": "RingCentral COO Kira Makagon sells $2.5 million in company stock",
  "url": "https://urgent.news/2026/09/17/ringcentral-coo-kira-makagon-sells-2-5-million-in-company-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T00:15:58.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/ringcentral-coo-kira-makagon-sells-25-million-in-company-stock-93CH-4904713"
  },
  "original_language": "en",
  "account": "RingCentral's President and COO, Kira Makagon, divested 36,185 shares of the company's Class A Common Stock on September 14, 2026. The transaction, conducted in accordance with a pre-established Rule 10b5-1 trading plan, was executed at a price of $70.11 per share, amounting to roughly $2,536,930. The sale transpired while RingCentral's stock was trading near its 52-week high of $77.95, reflecting a substantial 134% increase over the preceding year. Market analysis indicates that despite the stock's recent transaction, it remains undervalued relative to its Fair Value, positioning RingCentral as a noteworthy opportunity among the list of Most Undervalued stocks.\n\nFollowing the stock sale, Makagon personally holds 245,385 shares of RingCentral Class A Common Stock. The company's fiscal second-quarter 2026 earnings surpassed analysts' projections, reporting $1.22 earnings per share on $657 million in revenue, compared to the estimated $1.16 per share and $650.55 million in sales. This positive financial performance has spurred RingCentral to raise its full-year guidance, fueled by escalating demand for its AI-powered offerings.\n\nRecent market developments have further bolstered investor confidence in RingCentral's trajectory. RBC Capital initiated coverage on the company with an outperform rating and a price target of $85, while Needham increased its price target from $55 to $85, maintaining a Buy rating. These assessments were influenced by recent management meetings, including those with CFO Vaibhav Agarwal, which have contributed to a heightened sense of optimism regarding RingCentral's growth potential, as observed by investors.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Planet Fitness COO William Bode sells $358,540 in shares",
        "url": "https://urgent.news/2026/09/16/planet-fitness-coo-william-bode-sells-358-540-in-shares",
        "published": "2026-09-16T23:34:38.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}