Insider Selling: Rimini Street (NASDAQ:RMNI) CEO Sells $189,589.40 in Stock

Rimini Street, Inc. (NASDAQ:RMNI) CEO Seth Ravin sold 52,085 shares of Rimini Street stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $3.64, for a total transaction of $189,589.40. Following the completion of the sale, the chief executive officer owned 722,564 shares of the company’s stock, valued at $2,630,132.96. This trade represents a 6.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rimini Street Stock Down 2.4%

NASDAQ RMNI opened at $3.62 on Monday. The firm has a 50-day moving average price of $3.57 and a two-hundred day moving average price of $4.02. Rimini Street, Inc. has a 12-month low of $2.79 and a 12-month high of $5.38. The company has a market capitalization of $331.81 million, a P/E ratio of 9.05 and a beta of 1.28.

Hedge Funds Weigh In On Rimini Street

Several hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Rimini Street in the 3rd quarter valued at approximately $31,000. BNP Paribas Financial Markets boosted its position in shares of Rimini Street by 96.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,944 shares of the company’s stock worth $47,000 after acquiring an additional 4,891 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Rimini Street during the 4th quarter worth approximately $43,000. nVerses Capital LLC bought a new position in Rimini Street in the fourth quarter valued at approximately $57,000. Finally, Russell Investments Group Ltd. increased its stake in Rimini Street by 3,393.5% in the second quarter. Russell Investments Group Ltd. now owns 18,201 shares of the company’s stock valued at $69,000 after acquiring an additional 17,680 shares during the last quarter. 73.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on RMNI shares. TD Cowen raised Rimini Street to a “hold” rating in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rimini Street in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $5.75.

Rimini Street News Roundup

Here are the key news stories impacting Rimini Street this week:

• Positive Sentiment: Institutional investors have been adding to positions (Invesco, BNP Paribas, Barclays and others increased stakes), and institutions now own ~73.8% of the stock — a supportive sign of professional interest that can limit downside. MarketBeat Institutional & Insider Summary
• Neutral Sentiment: Analysts show a consensus “Hold” with a target around $5.75 (one Buy, two Holds). Valuation metrics (PE ~9, market cap ~ $330M) may attract value-oriented buyers, but the stock sits below its 200-day moving average, which mutes near-term bullish conviction. MarketBeat Analyst Coverage
• Negative Sentiment: Several senior insiders sold small blocks of shares on Mar 3 — CEO Seth Ravin (3,080 shares), CMO David Rowe (2,809), CFO Michael Perica (3,140) and other EVPs — each sale worth roughly $8–12k (at ~$3.72). Though the reductions are small percentage-wise (sub-4% for any single insider), clustered insider selling often pressures sentiment and can trigger short-term selling by other holders. InsiderTrades: Insider Selling Alert

Rimini Street Company Profile

Rimini Street, Inc (NASDAQ: RMNI) is a provider of enterprise software support services, specializing in third-party maintenance for mission-critical applications from leading technology vendors. The company offers comprehensive support for ERP, CRM and database environments, with coverage for systems from providers such as Oracle and SAP. Through its proactive system monitoring, performance tuning, regulatory and tax update services, Rimini Street aims to extend the lifecycle of enterprise applications while delivering service levels comparable to or exceeding those of original software vendors.

Founded in 2005 by technology entrepreneur Seth Ravin, Rimini Street has grown from a startup into a publicly traded company following its initial public offering in March 2018.