Insider Selling: Rimini Street Inc (NASDAQ:RMNI) EVP Sells $26,350.00 in Stock

Rimini Street Inc (NASDAQ:RMNI) EVP Daniel B. Winslow sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $5.27, for a total transaction of $26,350.00. Following the completion of the transaction, the executive vice president now directly owns 26,197 shares in the company, valued at $138,058.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of RMNI opened at $5.52 on Monday. Rimini Street Inc has a 52-week low of $2.22 and a 52-week high of $5.56. The stock has a fifty day simple moving average of $4.74 and a two-hundred day simple moving average of $4.44. The company has a market capitalization of $376.39 million, a PE ratio of 55.20, a price-to-earnings-growth ratio of 1.71 and a beta of 0.42.

Rimini Street (NASDAQ:RMNI) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.03). Rimini Street had a negative net margin of 1.69% and a negative return on equity of 8.21%. The firm had revenue of $78.03 million during the quarter, compared to analysts’ expectations of $76.20 million. On average, equities analysts expect that Rimini Street Inc will post 0.22 EPS for the current year.

RMNI has been the subject of a number of recent research reports. ValuEngine downgraded shares of Rimini Street from a “buy” rating to a “hold” rating in a report on Thursday, April 30th. Zacks Investment Research upgraded Rimini Street from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Wednesday, June 24th.

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of Rimini Street by 58.9% during the 1st quarter. Geode Capital Management LLC now owns 184,534 shares of the company’s stock worth $754,000 after buying an additional 68,380 shares during the last quarter. Mackenzie Financial Corp purchased a new position in Rimini Street in the first quarter worth approximately $72,000. Acadian Asset Management LLC grew its position in Rimini Street by 76.6% in the first quarter. Acadian Asset Management LLC now owns 194,341 shares of the company’s stock worth $795,000 after acquiring an additional 84,275 shares during the period. Russell Investments Group Ltd. increased its stake 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 acquiring an additional 4,826 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in Rimini Street by 26.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 30,868 shares of the company’s stock valued at $126,000 after purchasing an additional 6,503 shares during the period. Institutional investors own 51.32% of the company’s stock.

Rimini Street Company Profile

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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Insider Buying and Selling by Quarter for Rimini Street (NASDAQ:RMNI)

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