Nancy Lyskawa Sells 5,337 Shares of Rimini Street (NASDAQ:RMNI) Stock

Rimini Street, Inc. (NASDAQ:RMNI) EVP Nancy Lyskawa sold 5,337 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $3.64, for a total transaction of $19,426.68. Following the completion of the sale, the executive vice president directly owned 196,456 shares in the company, valued at approximately $715,099.84. The trade was a 2.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Nancy Lyskawa also recently made the following trade(s):

• On Tuesday, March 3rd, Nancy Lyskawa sold 2,348 shares of Rimini Street stock. The shares were sold at an average price of $3.72, for a total transaction of $8,734.56.

Rimini Street Stock Down 2.4%

NASDAQ:RMNI opened at $3.62 on Friday. The firm has a market cap of $331.81 million, a PE ratio of 9.05 and a beta of 1.28. Rimini Street, Inc. has a 12 month low of $2.79 and a 12 month high of $5.38. The company’s 50-day moving average price is $3.57 and its two-hundred day moving average price is $4.02.

Rimini Street News Summary

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Brooktree Capital Management boosted its position in shares of Rimini Street by 0.4% in the 2nd quarter. Brooktree Capital Management now owns 3,902,223 shares of the company’s stock worth $14,711,000 after purchasing an additional 15,770 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of 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 increased its holdings in Rimini Street by 73.4% in the fourth 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 lifted its stake in Rimini Street by 1.5% in the second quarter. Geode Capital Management LLC now owns 1,234,075 shares of the company’s stock valued at $4,653,000 after buying an additional 18,808 shares during the period. Finally, Samjo Management LLC lifted its stake in Rimini Street by 149.0% in the fourth 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. Institutional investors and hedge funds own 73.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RMNI. Weiss Ratings reissued a “hold (c)” rating on shares of Rimini Street in a report on Monday, December 29th. Wall Street Zen cut Rimini Street from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, TD Cowen raised Rimini Street to a “hold” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Rimini Street presently has an average rating of “Hold” and a consensus price target of $5.75.

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.