increased its position in shares of RingCentral by 4.9% during the 3rd quarter. Several hedge funds have recently modified their holdings of the company. Company insiders own 6.49% of the company’s stock. Insiders have sold a total of 95,276 shares of company stock worth $3,231,069 in the last quarter. The disclosure for this sale can be found here. Following the completion of the transaction, the chief operating officer now directly owns 312,533 shares of the company’s stock, valued at $10,713,631.24.
The shares were sold at an average price of $34.28, for a total value of $413,999.56. Also, COO Mohammed Katibeh sold 12,077 shares of RingCentral stock in a transaction dated Thursday, June 15th. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Following the completion of the transaction, the chief financial officer now directly owns 129,005 shares of the company’s stock, valued at approximately $3,514,096.20. The stock was sold at an average price of $27.24, for a total value of $115,770.00. In other RingCentral news, CFO Sonalee Elizabeth Parekh sold 4,250 shares of RingCentral stock in a transaction dated Tuesday, May 16th. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Following the completion of the sale, the chief operating officer now directly owns 312,533 shares of the company’s stock, valued at approximately $10,713,631.24. The stock was sold at an average price of $34.28, for a total transaction of $413,999.56. In related news, COO Mohammed Katibeh sold 12,077 shares of the firm’s stock in a transaction dated Thursday, June 15th.
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