Rimini Street Inc (NASDAQ:RMNI) EVP Daniel B. Winslow sold 1,834 shares of Rimini Street stock in a transaction on Monday, July 27th. The shares were sold at an average price of $5.49, for a total transaction of $10,068.66. Following the transaction, the executive vice president now owns 19,363 shares in the company, valued at approximately $106,302.87. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Rimini Street stock opened at $5.29 on Friday. Rimini Street Inc has a 12-month low of $2.22 and a 12-month high of $5.73. The company has a market capitalization of $360.73 million, a price-to-earnings ratio of 53.20, a price-to-earnings-growth ratio of 1.65 and a beta of 0.42. The firm’s fifty day moving average price is $4.88 and its 200 day moving average price is $4.49.
Rimini Street (NASDAQ:RMNI) last released its quarterly 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 firm had revenue of $78.03 million for the quarter, compared to analysts’ expectations of $76.20 million. As a group, sell-side analysts predict that Rimini Street Inc will post 0.22 earnings per share for the current year.
Several research firms recently weighed in on RMNI. Zacks Investment Research lowered shares of Rimini Street from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine lowered shares of Rimini Street from a “buy” rating to a “hold” rating in a report on Thursday, April 30th. Finally, Benchmark began coverage on shares of Rimini Street in a report on Tuesday, July 28th. They set a “buy” rating on the stock.
A number of institutional investors have recently added to or reduced their stakes in RMNI. Voss Capital LLC increased its stake in 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 buying an additional 763,667 shares during the period. JPMorgan Chase & Co. increased its position in shares of Rimini Street by 866.7% in the 1st quarter. JPMorgan Chase & Co. now owns 299,568 shares of the company’s stock worth $1,225,000 after purchasing an additional 268,580 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Rimini Street by 27.4% in the 4th quarter. Renaissance Technologies LLC now owns 398,067 shares of the company’s stock worth $1,544,000 after purchasing an additional 85,718 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Rimini Street by 76.6% in the 1st quarter. Acadian Asset Management LLC now owns 194,341 shares of the company’s stock worth $795,000 after purchasing an additional 84,275 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Rimini Street by 58.9% in the 1st quarter. Geode Capital Management LLC now owns 184,534 shares of the company’s stock worth $754,000 after purchasing an additional 68,380 shares during the last quarter. 51.32% of the stock is currently owned by hedge funds and other institutional investors.
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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