Sealed Air (SEE) Reaches $43.67 Formed H&S; Whale Rock Capital Management Decreased By $12.45 Million Its Ringcentral (RNG) Stake

May 17, 2018 - By rebbecca

RingCentral, Inc. (NYSE:RNG) Logo

Sealed Air Corporation (SEE) formed H&S with $41.49 target or 5.00% below today’s $43.67 share price. Sealed Air Corporation (SEE) has $7.04B valuation. The stock increased 0.53% or $0.23 during the last trading session, reaching $43.67. About 1.77 million shares traded. Sealed Air Corporation (NYSE:SEE) has declined 3.17% since May 17, 2017 and is downtrending. It has underperformed by 14.72% the S&P500.

Whale Rock Capital Management Llc decreased Ringcentral Inc (RNG) stake by 25.87% reported in 2017Q4 SEC filing. Whale Rock Capital Management Llc sold 259,425 shares as Ringcentral Inc (RNG)’s stock rose 37.32%. The Whale Rock Capital Management Llc holds 743,568 shares with $35.99 million value, down from 1.00M last quarter. Ringcentral Inc now has $5.94 billion valuation. The stock increased 2.58% or $1.9 during the last trading session, reaching $75.5. About 760,554 shares traded or 11.89% up from the average. RingCentral, Inc. (NYSE:RNG) has risen 143.04% since May 17, 2017 and is uptrending. It has outperformed by 131.49% the S&P500.

Among 15 analysts covering Sealed Air Corporation (NYSE:SEE), 7 have Buy rating, 0 Sell and 8 Hold. Therefore 47% are positive. Sealed Air Corporation has $59 highest and $40 lowest target. $49.67’s average target is 13.74% above currents $43.67 stock price. Sealed Air Corporation had 54 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Bank of America on Friday, October 13 with “Buy”. Bank of America maintained it with “Buy” rating and $59 target in Friday, February 9 report. RBC Capital Markets maintained Sealed Air Corporation (NYSE:SEE) rating on Monday, June 12. RBC Capital Markets has “Hold” rating and $4400 target. RBC Capital Markets maintained it with “Hold” rating and $4400 target in Thursday, July 13 report. On Friday, December 15 the stock rating was upgraded by Barclays Capital to “Overweight”. The firm has “Hold” rating by Citigroup given on Thursday, September 7. RBC Capital Markets initiated the stock with “Outperform” rating in Friday, February 19 report. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, September 27. The stock of Sealed Air Corporation (NYSE:SEE) has “Buy” rating given on Friday, July 15 by Citigroup. The rating was initiated by JP Morgan on Tuesday, September 13 with “Neutral”.

Analysts await Sealed Air Corporation (NYSE:SEE) to report earnings on August, 14. They expect $0.58 EPS, up 65.71% or $0.23 from last year’s $0.35 per share. SEE’s profit will be $93.47 million for 18.82 P/E if the $0.58 EPS becomes a reality. After $0.51 actual EPS reported by Sealed Air Corporation for the previous quarter, Wall Street now forecasts 13.73% EPS growth.

Investors sentiment decreased to 0.97 in 2017 Q4. Its down 0.02, from 0.99 in 2017Q3. It worsened, as 10 investors sold RNG shares while 76 reduced holdings. 35 funds opened positions while 48 raised stakes. 56.14 million shares or 1.08% more from 55.54 million shares in 2017Q3 were reported. Walleye Trading Limited Liability Company stated it has 7,668 shares or 0% of all its holdings. Moreover, Whale Rock Mngmt Lc has 1.67% invested in RingCentral, Inc. (NYSE:RNG). The Florida-based State Board Of Administration Of Florida Retirement Systems has invested 0% in RingCentral, Inc. (NYSE:RNG). Moreover, Victory Cap Mgmt Inc has 0.19% invested in RingCentral, Inc. (NYSE:RNG) for 1.86M shares. Shell Asset Mngmt Commerce owns 191,749 shares or 0.18% of their US portfolio. Bankshares Of Mellon owns 287,879 shares for 0% of their portfolio. Citigroup invested in 6,964 shares. Bnp Paribas Arbitrage Sa has 0% invested in RingCentral, Inc. (NYSE:RNG) for 13,514 shares. 12 West Mgmt LP has invested 1.76% of its portfolio in RingCentral, Inc. (NYSE:RNG). Macquarie Gru Limited invested in 167,703 shares or 0.01% of the stock. Stone Ridge Asset Mngmt Ltd Liability Company reported 8,703 shares. Vaughan Nelson Management Limited Partnership owns 0.31% invested in RingCentral, Inc. (NYSE:RNG) for 556,075 shares. Manufacturers Life Company The owns 521,701 shares for 0.03% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 3,331 shares. Prelude Cap Mngmt holds 437 shares.

Since December 11, 2017, it had 0 insider purchases, and 19 insider sales for $13.15 million activity. The insider Sipes David sold $454,398. 3,000 RingCentral, Inc. (NYSE:RNG) shares with value of $187,560 were sold by Dhruv Mitesh. $2.29M worth of RingCentral, Inc. (NYSE:RNG) was sold by Shmunis Vladimir. Shah Praful also sold $476,500 worth of RingCentral, Inc. (NYSE:RNG) shares. Shares for $803,642 were sold by Marlow John H on Thursday, February 22.

Whale Rock Capital Management Llc increased Alibaba Group Hldg Ltd (NYSE:BABA) stake by 128,887 shares to 922,429 valued at $159.05 million in 2017Q4. It also upped Yy Inc (NASDAQ:YY) stake by 661,167 shares and now owns 935,962 shares. Alphabet Inc was raised too.

Analysts await RingCentral, Inc. (NYSE:RNG) to report earnings on August, 1. They expect $-0.06 earnings per share, up 40.00% or $0.04 from last year’s $-0.1 per share.

More notable recent RingCentral, Inc. (NYSE:RNG) news were published by: Businesswire.com which released: “RingCentral Announces Certified Partners Program With Leading SD-WAN Vendors” on May 16, 2018, also Businesswire.com with their article: “Arco Selects RingCentral for New National Customer Engagement Center” published on May 15, 2018, Streetinsider.com published: “Ringcentral, Inc. (RNG) Tops Q1 EPS by 4c” on May 09, 2018. More interesting news about RingCentral, Inc. (NYSE:RNG) were released by: Globenewswire.com and their article: “Recent Analysis Shows DTE Energy, Transdigm Group, Ringcentral, Resonant, Hudson Technologies, and Houghton …” published on May 14, 2018 as well as Businesswire.com‘s news article titled: “RingCentral’s Lisa Del Real Named to 2018 CRN Women of the Channel Power 100 List” with publication date: May 14, 2018.

RingCentral, Inc. (NYSE:RNG) Institutional Positions Chart