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

NASDAQ RMNI opened at $5.32 on Friday. The business’s 50 day moving average is $4.87 and its two-hundred day moving average is $4.49. Rimini Street Inc has a 12-month low of $2.22 and a 12-month high of $5.73. The stock has a market capitalization of $379.11 million, a price-to-earnings ratio of 55.60, a PEG ratio of 1.72 and a beta of 0.42.

Rimini Street (NASDAQ:RMNI) last released its earnings results on Thursday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.03). Rimini Street had a negative return on equity of 8.21% and a negative net margin of 1.69%. The business had revenue of $78.03 million for the quarter, compared to analyst estimates of $76.20 million. As a group, research analysts predict that Rimini Street Inc will post 0.22 earnings per share for the current year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Voss Capital LLC boosted its stake in shares of Rimini Street by 57.3% during the 1st quarter. Voss Capital LLC now owns 2,095,437 shares of the company’s stock worth $5,576,000 after acquiring an additional 763,667 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Rimini Street by 866.7% during the 1st quarter. JPMorgan Chase & Co. now owns 299,568 shares of the company’s stock worth $1,225,000 after acquiring an additional 268,580 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Rimini Street by 27.4% during the 4th quarter. Renaissance Technologies LLC now owns 398,067 shares of the company’s stock worth $1,544,000 after acquiring an additional 85,718 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Rimini Street by 76.6% during the 1st quarter. Acadian Asset Management LLC now owns 194,341 shares of the company’s stock worth $795,000 after acquiring an additional 84,275 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Rimini Street by 58.9% during the 1st quarter. Geode Capital Management LLC now owns 184,534 shares of the company’s stock worth $754,000 after acquiring an additional 68,380 shares in the last quarter. Institutional investors own 51.32% of the company’s stock.

Rimini Street Company Profile

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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