The SVP & General Counsel of RingCentral Inc (NYSE: RNG) is Selling Shares

Yesterday, the SVP & General Counsel of RingCentral Inc (NYSE: RNG), John Marlow, sold shares of RNG for $21.55k.

In addition to John Marlow, 9 other RNG executives reported Sell trades in the last month. Following John Marlow’s last RNG Sell transaction on May 26, 2015, the stock climbed by 2.4%.

Based on RingCentral`s latest earnings report from June 30, the company posted quarterly revenue of $70.69M and GAAP net loss of $8.21M. In comparison, last year the company earned revenue of $52.79M and had a GAAP net loss of $13.33M. The company has a one year high of $20.94 and a one year low of $10.02. Currently, RingCentral has an average volume of 1.41M.

Looking at blogger coverage of RNG, there is a 50% Bullish tendency on the stock, in relation to a 67% average bullish tendency within the Technology sector.

In the last 30 days, insiders have sold $498.5k worth of RNG shares and purchased $27.3k worth of RNG shares. Over the last 3 months, the insider sentiment on RingCentral has been neutral based on 63 corporate insider transactions. This sentiment is slightly lower than the average sector sentiment of insiders.

RingCentral Inc., provides software-as-a-service, or SaaS, solutions for business communications. Its solutions can be used in multiple devices including Smartphones, Tablets, PC’s and Desk Phones which allow communication across multiple channels.