The scale and leadership level of the COO's sale is notable and may signal reduced confidence ahead of earnings or strategic updates. Monitor for follow-up filings or news that could explain the timing, especially given the concentrated nature of the selling.
Price Chart
Executive Summary
Two RingCentral insiders, including President and COO Kira Makagon, sold shares in a $1.44M insider trading cluster over the past week. The sales were open-market transactions, with Makagon accounting for 96% of the total value.
Key Financial Metrics
Key Facts
- President and COO Kira Makagon sold 39,100 shares for $1.39M in open-market transactions on March 27, 2026.
- Director Shenkan Amy Guggenheim sold 1,264 shares for $47,937 on April 2, 2026.
- Total cluster value is $1.44M, representing 0.045% of RingCentral’s $3.2B market cap.
- All transactions were open-market sales (Form 4 codes 'S'), indicating deliberate divestment.
Financial Impact
$1.44M in insider sales over 7 days, with 96% from the COO
Risk Factors
- Insider selling can precede negative news or downward revisions in guidance.
- High concentration of selling from a top executive increases perception risk, even if the dollar amount is modest relative to market cap.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RNG-1775247365033 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 20d ago | Insider Cluster | $72.32 $77.30 | ▲ +6.89% | ▲ +6.78% | $78.28 (+8.24%) |
Sep 3, 2026 28d ago | Insider Cluster | $73.39 $72.32 | ▼ −1.46% | ▼ −0.25% | $78.28 (+6.66%) |
Sep 1, 2026 4w ago | Insider Cluster | $70.77 $69.64 | ▼ −1.60% | ▼ −1.68% | $78.28 (+10.61%) |
Aug 26, 2026 5w ago | Insider Cluster | $66.06 $72.58 | ▲ +9.87% | ▲ +9.99% | $78.28 (+18.50%) |
Aug 24, 2026 5w ago | Insider Cluster | $67.08 $69.62 | ▼ −3.79% | ▼ −3.32% | $78.28 (−16.70%) |
Jul 2, 2026 13w ago | Insider Cluster | $40.01 $40.94 | ▲ +2.32% | ▲ +1.39% | $78.28 (+95.65%) |
Jun 11, 2026 16w ago | Institutional Cluster | $37.67 $35.54 | ▼ −5.65% | ▼ −6.09% | $78.28 (+107.80%) |
May 28, 2026 18w ago | Insider Cluster | $43.30 $43.97 | ▲ +1.54% | ▲ +1.84% | $78.28 (+80.78%) |
Apr 21, 2026 23w ago | Insider Cluster | $40.03 $45.58 | ▲ +13.86% | ▲ +10.75% | $78.28 (+95.54%) |
Mar 27, 2026 27w ago | Insider Cluster | $35.20 $37.97 | ▼ −7.87% | ▼ −4.01% | $78.28 (−122.38%) |
US Market Status
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