Rimini Street Inc (NASDAQ:RMNI) President Sebastian Grady sold 5,792 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $5.32, for a total value of $30,813.44. Following the transaction, the president now owns 6,644 shares of the company’s stock, valued at approximately $35,346.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Sebastian Grady also recently made the following trade(s):
- On Tuesday, July 21st, Sebastian Grady sold 1,144 shares of Rimini Street stock. The stock was sold at an average price of $5.32, for a total value of $6,086.08.
- On Friday, July 17th, Sebastian Grady sold 29,779 shares of Rimini Street stock. The stock was sold at an average price of $5.32, for a total value of $158,424.28.
- On Wednesday, July 15th, Sebastian Grady sold 84,685 shares of Rimini Street stock. The stock was sold at an average price of $5.33, for a total transaction of $451,371.05.
Shares of RMNI stock opened at $5.52 on Friday. Rimini Street Inc has a twelve month low of $2.22 and a twelve month high of $5.56. The stock has a market capitalization of $376.41 million, a price-to-earnings ratio of -21.23, a P/E/G ratio of 1.63 and a beta of 0.42. The stock has a fifty day simple moving average of $4.74 and a two-hundred day simple moving average of $4.44.
Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Rimini Street from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Wednesday, June 24th. ValuEngine lowered shares of Rimini Street from a “buy” rating to a “hold” rating in a research report on Thursday, April 30th.
A number of hedge funds and other institutional investors have recently bought and sold shares of RMNI. BNP Paribas Arbitrage SA raised its holdings in shares of Rimini Street by 123.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,274 shares of the company’s stock valued at $26,000 after purchasing an additional 3,464 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Rimini Street during the first quarter valued at approximately $46,000. Dynamic Technology Lab Private Ltd purchased a new position in Rimini Street during the first quarter valued at approximately $50,000. Alliancebernstein L.P. bought a new position in Rimini Street in the first quarter worth approximately $61,000. Finally, Russell Investments Group Ltd. lifted its holdings in Rimini Street by 43.0% during the first quarter. Russell Investments Group Ltd. now owns 16,050 shares of the company’s stock worth $65,000 after buying an additional 4,826 shares during the period. 51.32% of the stock is currently owned by institutional investors and hedge funds.
About Rimini Street
Rimini Street, Inc provides enterprise software products and services for various industries. The company offers third-party support for Oracle and SAP software products. It sells its solutions primarily through direct sales organizations in North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific.
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