Insider Selling: Rimini Street Inc (RMNI) SVP Sells $81,300.00 in Stock
Rimini Street Inc (NASDAQ:RMNI) SVP Thomas C. Shay sold 15,000 shares of Rimini Street stock in a transaction that occurred on Friday, January 11th. The stock was sold at an average price of $5.42, for a total value of $81,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Rimini Street stock opened at $5.58 on Monday. Rimini Street Inc has a 52 week low of $4.00 and a 52 week high of $8.94.
Rimini Street (NASDAQ:RMNI) last announced its quarterly earnings data on Thursday, November 8th. The company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.08. The firm had revenue of $62.63 million during the quarter. On average, equities research analysts predict that Rimini Street Inc will post -0.27 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp purchased a new position in shares of Rimini Street during the second quarter valued at approximately $116,000. Schwab Charles Investment Management Inc. bought a new stake in Rimini Street during the second quarter worth $124,000. Ramsey Quantitative Systems lifted its holdings in Rimini Street by 102.8% during the third quarter. Ramsey Quantitative Systems now owns 24,487 shares of the company’s stock worth $155,000 after acquiring an additional 12,414 shares during the period. Marshall Wace LLP bought a new stake in Rimini Street during the third quarter worth $219,000. Finally, Renaissance Technologies LLC bought a new stake in Rimini Street during the third quarter worth $268,000. 43.40% of the stock is owned by hedge funds and other institutional investors.
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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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