U.S. markets open in 7 hours 42 minutes
  • S&P Futures

    3,932.25
    +32.75 (+0.84%)
     
  • Dow Futures

    31,414.00
    +201.00 (+0.64%)
     
  • Nasdaq Futures

    11,962.50
    +121.75 (+1.03%)
     
  • Russell 2000 Futures

    1,788.50
    +16.30 (+0.92%)
     
  • Crude Oil

    111.02
    +0.74 (+0.67%)
     
  • Gold

    1,853.20
    +11.10 (+0.60%)
     
  • Silver

    21.91
    +0.23 (+1.07%)
     
  • EUR/USD

    1.0603
    +0.0041 (+0.39%)
     
  • 10-Yr Bond

    2.7870
    0.0000 (0.00%)
     
  • Vix

    29.43
    +0.08 (+0.27%)
     
  • GBP/USD

    1.2555
    +0.0059 (+0.48%)
     
  • USD/JPY

    127.6250
    -0.2250 (-0.18%)
     
  • BTC-USD

    30,180.64
    +797.71 (+2.71%)
     
  • CMC Crypto 200

    673.96
    +0.59 (+0.09%)
     
  • FTSE 100

    7,389.98
    +87.24 (+1.19%)
     
  • Nikkei 225

    26,904.26
    +165.23 (+0.62%)
     

Notable Ringcentral Insider Trades $115K In Company Stock

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Vaibhav Agarwal, Insider at Ringcentral (NYSE:RNG), made a large buy and sell of company shares on November 16, according to a new SEC filing.

What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission reports that on November 16, Vaibhav Agarwal bought 330 Ringcentral shares for $0. They then sold their shares on multiple transactions in the open market at prices ranging from $265.12 to $271.79 to raise a total of $114,842 from the sale.

Following the transaction, Agarwal still owns 28,158 shares of the company, worth $6,807,478.00.

Ringcentral shares are trading down 2.33% at $241.76 at the time of this writing on Thursday morning.

Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.

Why Insider Transactions Are Important

Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.

In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.

When a company insider makes a new purchase, that is an indication that they expect the stock to rise.

Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.

Transaction Codes To Focus On

Investors prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.

Check Out The Full List Of Ringcentral's Insider Trades.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.