Insider Selling: Rimini Street Inc (NASDAQ:RMNI) EVP Sells 1,834 Shares of Stock

Rimini Street Inc (NASDAQ:RMNI) EVP Daniel B. Winslow sold 1,834 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $5.49, for a total value of $10,068.66. Following the transaction, the executive vice president now owns 19,363 shares of the company’s stock, valued at $106,302.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of RMNI stock opened at $5.29 on Friday. The firm has a 50 day moving average of $4.88 and a two-hundred day moving average of $4.49. The stock has a market capitalization of $364.14 million, a PE ratio of -20.35, a P/E/G ratio of 1.72 and a beta of 0.42. Rimini Street Inc has a 52 week low of $2.22 and a 52 week high of $5.73.

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 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 company had revenue of $78.03 million during the quarter, compared to analyst estimates of $76.20 million. On average, sell-side analysts predict that Rimini Street Inc will post 0.22 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of RMNI. BNP Paribas Arbitrage SA grew its position in shares of Rimini Street by 123.3% during the first quarter. BNP Paribas Arbitrage SA now owns 6,274 shares of the company’s stock worth $26,000 after buying an additional 3,464 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Rimini Street in the first quarter valued at approximately $46,000. Dynamic Technology Lab Private Ltd purchased a new position in Rimini Street in the first quarter worth approximately $50,000. Alliancebernstein L.P. acquired a new position in Rimini Street during the 1st quarter worth approximately $61,000. Finally, Russell Investments Group Ltd. increased its position in shares of Rimini Street by 43.0% in the 1st quarter. Russell Investments Group Ltd. now owns 16,050 shares of the company’s stock valued at $65,000 after purchasing an additional 4,826 shares during the last quarter. 51.32% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on RMNI shares. Zacks Investment Research downgraded Rimini Street from a “buy” rating to a “hold” rating in a report on Wednesday. Benchmark began coverage on shares of Rimini Street in a research note on Tuesday. They set a “buy” rating on the stock. Finally, ValuEngine cut shares of Rimini Street from a “buy” rating to a “hold” rating in a research report on Thursday, April 30th.

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

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