• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13G filed by RingCentral Inc.

    11/21/24 6:08:56 AM ET
    $RNG
    EDP Services
    Technology
    Get the next $RNG alert in real time by email
    SC 13G 1 d842863dsc13g.htm SC 13G SC 13G

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    SCHEDULE 13G

    Under the Securities Exchange Act of 1934

    (Amendment No.  )*

     

     

    RingCentral Inc

    (Name of Issuer)

    CLASS A

    (Title of Class of Securities)

    76680R206

    (CUSIP Number)

    2024/09/30

    (Date of Event Which Requires Filing of this Statement)

     

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

    ☒ Rule 13d-1(b)

    ☐ Rule 13d-1(c)

    ☐ Rule 13d-1(d)

     

    *

    The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

    The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     


    CUSIP No. 76680R206

     

     1   

     NAMES OF REPORTING PERSONS

     

     Pictet Asset Management SA

     

    The reporting person disclaim beneficial ownership of the shares reported, which are owned of record and beneficially by Pictet Asset Management SA.

     2  

     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     (a) ☐  (b) ☒

     

     3  

     SEC USE ONLY

     

     4  

     CITIZENSHIP OR PLACE OF ORGANIZATION

     

     Switzerland

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

       5   

     SOLE VOTING POWER

     

     1,965,009.00

       6  

     SHARED VOTING POWER

     

     0

       7  

     SOLE DISPOSITIVE POWER

     

     1,965,009.00

       8  

     SHARED DISPOSITIVE POWER

     

     0

     9   

     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

     1,965,009.00

    10  

     CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

     

     ☐

    11  

     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     

     2.4%

    12  

     TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     


    Item I (a) Name of issuer:

    RingCentral Inc

    Item 1(b) Address of issuer’s principal executive offices:

    20 Davis Drive,

    Belmont, CA, 94002,

    United States

    2(a) Name of person filing:

    Pictet Asset Management SA

    2(b) Address or principal business office or, if none, residence:

    60 Route des Acacias

    1211 Geneva 73

    Switzerland

    2(c) Citizenship:

    Switzerland

    2(d) Title of class of securities:

    CLASS A

    2(e) CUSIP No.:

    76680R206

    Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

    (a) ☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

    (b) ☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

    (c) ☐ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

    (d) ☐ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);

    (e) ☐ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

    (f) ☐ An employee benefit plan or endowment fund in accordance with $240.13d-1(b)(1)(ii)(F);


    (g) ☐ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

    (h) ☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

    (i) ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

    (J) ☒ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);

    (k) ☐ Group, in accordance with §240. 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:    

    Item 4. Ownership

    Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

    (a) Amount beneficially owned: 1,965,7009.00

    (b) Percent of class: 2.4%

    (c) Number of shares as to which the person has:

    (i) Sole power to vote or to direct the vote: 1,965,009.00

    (ii) Shared power to vote or to direct the vote : 0

    (iii) Sole power to dispose or to direct the disposition of: 1,965,009.00

    (iv) Shared power to dispose or to direct the disposition of: 0

    Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

    Item 5. Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☒.

    Instruction. Dissolution of a group requires a response to this item.

    Item 6. Ownership of More than 5 Percent on Behalf of Another Person. If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.

    Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.


    Item 8. Identification and Classification of Members of the Group

    If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group.

    Item 9. Notice of Dissolution of Group. Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.

    Item 10. Certifications

    (a) The following certification shall be included if the statement is filed pursuant to $240.13d-1(b):

    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

    (b) The following certification shall be included if the statement is filed pursuant to §240.13d-1(b)(1)(ii)(J), or if the statement is filed pursuant to §240.13d-1(b)(1)(ii)(K) and a member of the group is a non-U.S. institution eligible to file pursuant to §240.13d-1(b)(1)(ii)(J):

    By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to [insert particular category of institutional investor] is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

    (c) The following certification shall be included if the statement is filed pursuant to §240.13d-1(c):


    SIGNATURE

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     

    Date: 04th November 2024     By:  

    /s/ Mathieu CORNU

        Name:   Mathieu CORNU
        Title:   Head of Business Controlling
        By:  

    /s/ Youssef SAADI

        Name:   Youssef SAADI
        Title:   Head of Investment Compliance
    Get the next $RNG alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $RNG

    DatePrice TargetRatingAnalyst
    1/27/2025$45.00 → $37.00Overweight → Equal Weight
    Barclays
    1/7/2025$38.00 → $30.00Equal Weight → Underweight
    Wells Fargo
    1/3/2025$50.00 → $45.00Strong Buy → Outperform
    Raymond James
    12/13/2024$42.00Outperform → Neutral
    Mizuho
    8/2/2024$45.00Neutral → Buy
    Rosenblatt
    12/20/2023$36.00Overweight → Equal Weight
    Wells Fargo
    12/12/2023$40.00 → $35.00Buy → Hold
    Jefferies
    10/23/2023$52.00 → $35.00Buy → Neutral
    Rosenblatt
    More analyst ratings

    $RNG
    Financials

    Live finance-specific insights

    See more
    • RingCentral Announces First Quarter 2025 Results

      Exceeded $2.5 billion in ARR Total revenue at the high end of guidance with record cash flow GAAP operating profitable for the third consecutive quarter; non-GAAP operating margin above guidance Now has over 1,000 paying customers on each of RingCX and AI Receptionist (AIR) RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered business communications, today announced financial results for the first quarter ended March 31, 2025. "Our continued leadership in UCaaS, combined with strong early momentum in CCaaS and accelerated adoption of our AI-powered solutions, drove solid Q1 results, with ARR surpassing $2.5 billion," said Vlad Shmunis, RingCentral's Founder, Chairman, and CEO. "

      5/8/25 4:05:00 PM ET
      $RNG
      EDP Services
      Technology
    • RingCentral to Announce First Quarter 2025 Financial Results On May 8, 2025

      RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered business communications, today announced that it will report financial results for the first quarter ended March 31, 2025 after market close on May 8, 2025. The company also announced that it will hold a conference call on the same day at 2:00 PM Pacific Time (5:00 PM Eastern Time) to discuss its financial results. The conference call can be accessed by dialing 1-888-349-0093 from the United States or 1-412-317-5201 internationally with reference to the company name and conference title. Following the completion of the call through 11:59 PM Eastern Time on May 8, 2025, a telephone replay will also be available by dialing 1-844-512

      4/24/25 8:00:00 AM ET
      $RNG
      EDP Services
      Technology
    • RingCentral Announces Fourth Quarter and Fiscal Year 2024 Results

      Q4 2024 revenue and operating margin above guidance range with record cash flow Exceeded $50 million ARR from new products Kira Makagon promoted to President and Chief Operating Officer RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications for companies of all sizes, today announced financial results for the fourth quarter and fiscal year ended December 31, 2024. "We had a good fourth quarter, capping a strong year," said Vlad Shmunis, RingCentral's founder and CEO. "Our new AI-powered products are gaining steam, and today we unveiled RingCentral AI Receptionist, or AIR, which we believe will deliver tremendous value to businesses everywhere. Buildi

      2/20/25 4:05:00 PM ET
      $RNG
      EDP Services
      Technology

    $RNG
    SEC Filings

    See more
    • RingCentral Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - RingCentral, Inc. (0001384905) (Filer)

      5/8/25 4:40:35 PM ET
      $RNG
      EDP Services
      Technology
    • RingCentral Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

      8-K - RingCentral, Inc. (0001384905) (Filer)

      3/27/25 4:42:15 PM ET
      $RNG
      EDP Services
      Technology
    • SEC Form S-8 filed by RingCentral Inc.

      S-8 - RingCentral, Inc. (0001384905) (Filer)

      2/26/25 4:18:56 PM ET
      $RNG
      EDP Services
      Technology

    $RNG
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by RingCentral Inc.

      SC 13G - RingCentral, Inc. (0001384905) (Subject)

      11/21/24 6:08:56 AM ET
      $RNG
      EDP Services
      Technology
    • Amendment: SEC Form SC 13G/A filed by RingCentral Inc.

      SC 13G/A - RingCentral, Inc. (0001384905) (Subject)

      11/14/24 12:30:28 PM ET
      $RNG
      EDP Services
      Technology
    • Amendment: SEC Form SC 13G/A filed by RingCentral Inc.

      SC 13G/A - RingCentral, Inc. (0001384905) (Subject)

      11/13/24 12:52:42 PM ET
      $RNG
      EDP Services
      Technology

    $RNG
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • RingCentral Announces First Quarter 2025 Results

      Exceeded $2.5 billion in ARR Total revenue at the high end of guidance with record cash flow GAAP operating profitable for the third consecutive quarter; non-GAAP operating margin above guidance Now has over 1,000 paying customers on each of RingCX and AI Receptionist (AIR) RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered business communications, today announced financial results for the first quarter ended March 31, 2025. "Our continued leadership in UCaaS, combined with strong early momentum in CCaaS and accelerated adoption of our AI-powered solutions, drove solid Q1 results, with ARR surpassing $2.5 billion," said Vlad Shmunis, RingCentral's Founder, Chairman, and CEO. "

      5/8/25 4:05:00 PM ET
      $RNG
      EDP Services
      Technology
    • RingCentral Recognized by Frost & Sullivan with the 2025 Global Customer Value Leadership Award for Excellence in Web Events

      Award highlights RingCentral Events' innovative approach; robust, AI-driven platform; and commitment to maximizing customer ROI New, simplified pricing model further empowers marketers RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered business communications, announced today that it has been recognized by Frost & Sullivan with the prestigious 2025 Global Customer Value Leadership Award for exemplary performance in the web events industry. According to Frost & Sullivan, RingCentral Events™ stands out by taking a value-driven strategy designed specifically to make virtual, hybrid, and in-person events engaging, powerful, simple, and affordable for customers. Evaluated based on rig

      5/7/25 8:00:00 AM ET
      $RNG
      EDP Services
      Technology
    • RingCentral Announces RingCX for Salesforce Service Cloud Voice on Salesforce AppExchange

      Provides a single pane of glass for omnichannel customer engagement Drives intelligent, effortless, and personalized experiences across the customer journey Enriches CRM ecosystem with deep insights into customer interactions RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered business communications, today announced it has launched RingCX™ for Salesforce Service Cloud Voice on Salesforce AppExchange, a leading enterprise marketplace for partner apps and experts, empowering customers to deliver a unified and streamlined experience for agents by integrating RingCentral's digital channel and voice capabilities into Salesforce. This powerful combination enables organizations to not

      5/5/25 8:00:00 AM ET
      $RNG
      EDP Services
      Technology

    $RNG
    Leadership Updates

    Live Leadership Updates

    See more
    • RingCentral Announces Appointment of Kira Makagon as President and Chief Operating Officer

      RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications, today announced that it has appointed Kira Makagon, current Chief Innovation Officer and CMO, as President and Chief Operating Officer, effective today. Makagon will be responsible for the Company's product and technology organization, direct and channel sales, customer success, marketing, and operations organizations. Vlad Shmunis, RingCentral's Founder, Chairman, and CEO, said, "Kira's visionary leadership at RingCentral spans over a decade, spearheading our product innovation and establishing our brand as an industry leader. Kira's proven track record of building high-performing teams and her de

      2/20/25 4:05:00 PM ET
      $RNG
      EDP Services
      Technology
    • RingCentral Appoints Abhey Lamba as Chief Financial Officer

      RingCentral, Inc. (NYSE:RNG), a leading global provider of trusted AI communications for businesses of all sizes, today announced that Abhey Lamba has been appointed Chief Financial Officer and will join in his new role in the coming weeks. Lamba will be responsible for all the Company's financial functions, including financial planning, controllership, tax, treasury, corporate development and investor relations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107140330/en/Abhey Lamba, courtesy of RingCentral A seasoned finance and technology leader with more than 30 years of experience, Lamba joins RingCentral from Amazon Web

      11/7/24 4:05:00 PM ET
      $RNG
      EDP Services
      Technology
    • RingCentral Appoints Prat Bhatt to Board of Directors

      RingCentral, Inc. (NYSE:RNG), a leading provider of AI-driven cloud business communications, contact center, video and hybrid event solutions, today announced that Prat Bhatt has been appointed to the Company's Board of Directors, effective March 1, 2024. Bhatt has been named a member of the Board's audit committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240220097878/en/Photo of Prat Bhatt, courtesy of RingCentral Bhatt is an accomplished technology industry veteran and financial expert, having previously served as Chief Accounting Officer of Cisco Systems. In his more than 20 years at Cisco, Bhatt was instrumental in sc

      2/20/24 4:05:00 PM ET
      $RNG
      EDP Services
      Technology

    $RNG
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Bhatt Prat was granted 13,287 shares, increasing direct ownership by 129% to 23,581 units (SEC Form 4)

      4 - RingCentral, Inc. (0001384905) (Issuer)

      4/3/25 4:05:11 PM ET
      $RNG
      EDP Services
      Technology
    • New insider Arora Tarun claimed ownership of 64,335 shares (SEC Form 3)

      3 - RingCentral, Inc. (0001384905) (Issuer)

      3/4/25 4:16:24 PM ET
      $RNG
      EDP Services
      Technology
    • Director Theis Robert I sold $40,344 worth of shares (1,457 units at $27.69), decreasing direct ownership by 5% to 27,233 units (SEC Form 4)

      4 - RingCentral, Inc. (0001384905) (Issuer)

      3/4/25 4:15:29 PM ET
      $RNG
      EDP Services
      Technology

    $RNG
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • RingCentral downgraded by Barclays with a new price target

      Barclays downgraded RingCentral from Overweight to Equal Weight and set a new price target of $37.00 from $45.00 previously

      1/27/25 7:49:40 AM ET
      $RNG
      EDP Services
      Technology
    • RingCentral downgraded by Wells Fargo with a new price target

      Wells Fargo downgraded RingCentral from Equal Weight to Underweight and set a new price target of $30.00 from $38.00 previously

      1/7/25 8:25:38 AM ET
      $RNG
      EDP Services
      Technology
    • RingCentral downgraded by Raymond James with a new price target

      Raymond James downgraded RingCentral from Strong Buy to Outperform and set a new price target of $45.00 from $50.00 previously

      1/3/25 7:48:17 AM ET
      $RNG
      EDP Services
      Technology