Insider Selling: Rimini Street (NASDAQ:RMNI) EVP Sells $26,240.76 in Stock

Rimini Street, Inc. (NASDAQ:RMNI) EVP Kevin Maddock sold 7,209 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $3.64, for a total value of $26,240.76. Following the completion of the transaction, the executive vice president directly owned 184,217 shares of the company’s stock, valued at approximately $670,549.88. This trade represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kevin Maddock also recently made the following trade(s):

• On Tuesday, March 3rd, Kevin Maddock sold 2,809 shares of Rimini Street stock. The shares were sold at an average price of $3.72, for a total value of $10,449.48.

Rimini Street Trading Down 2.4%

Rimini Street stock opened at $3.62 on Monday. The stock has a 50-day moving average price of $3.57 and a 200 day moving average price of $4.02. Rimini Street, Inc. has a 52 week low of $2.79 and a 52 week high of $5.38. The stock has a market cap of $331.81 million, a PE ratio of 9.05 and a beta of 1.28.

Institutional Investors Weigh In On Rimini Street

Several hedge funds have recently modified their holdings of the stock. Brooktree Capital Management grew its holdings in Rimini Street by 0.4% in the second quarter. Brooktree Capital Management now owns 3,902,223 shares of the company’s stock valued at $14,711,000 after purchasing an additional 15,770 shares during the period. Pacific Ridge Capital Partners LLC raised its stake in Rimini Street by 9.4% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,857,512 shares of the company’s stock worth $7,207,000 after purchasing an additional 159,673 shares during the period. Mink Brook Asset Management LLC boosted its holdings in shares of Rimini Street by 73.4% in the 4th quarter. Mink Brook Asset Management LLC now owns 1,299,741 shares of the company’s stock valued at $5,043,000 after purchasing an additional 550,167 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Rimini Street by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,234,075 shares of the company’s stock valued at $4,653,000 after purchasing an additional 18,808 shares during the last quarter. Finally, Samjo Management LLC grew its stake in shares of Rimini Street by 149.0% during the 4th quarter. Samjo Management LLC now owns 1,207,750 shares of the company’s stock valued at $4,686,000 after buying an additional 722,750 shares during the period. 73.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on RMNI shares. TD Cowen upgraded Rimini Street to a “hold” rating in a report on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Rimini Street in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.75.

Key Rimini Street News

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

About Rimini Street

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.