Rimini Street Inc (NASDAQ:RMNI) President Sebastian Grady sold 10,537 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $5.32, for a total value of $56,056.84. Following the completion of the sale, the president now directly owns 235,883 shares in the company, valued at $1,254,897.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Sebastian Grady also recently made the following trade(s):

  • On Tuesday, July 28th, Sebastian Grady sold 192,778 shares of Rimini Street stock. The stock was sold at an average price of $5.54, for a total value of $1,067,990.12.
  • On Thursday, July 23rd, Sebastian Grady sold 5,792 shares of Rimini Street stock. The shares were sold at an average price of $5.32, for a total transaction of $30,813.44.
  • On Tuesday, July 21st, Sebastian Grady sold 1,144 shares of Rimini Street stock. The shares were sold at an average price of $5.32, for a total transaction of $6,086.08.
  • On Friday, July 17th, Sebastian Grady sold 29,779 shares of Rimini Street stock. The stock was sold at an average price of $5.32, for a total value of $158,424.28.
  • On Wednesday, July 15th, Sebastian Grady sold 84,685 shares of Rimini Street stock. The stock was sold at an average price of $5.33, for a total value of $451,371.05.

Shares of NASDAQ:RMNI opened at $5.29 on Friday. The firm has a market cap of $360.73 million, a PE ratio of 53.20, a price-to-earnings-growth ratio of 1.65 and a beta of 0.42. The firm’s 50 day simple moving average is $4.88 and its 200-day simple moving average is $4.49. Rimini Street Inc has a one year low of $2.22 and a one year high of $5.73.

Rimini Street (NASDAQ:RMNI) last issued its quarterly earnings data 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). The business had revenue of $78.03 million for the quarter, compared to analysts’ expectations of $76.20 million. Rimini Street had a negative net margin of 1.69% and a negative return on equity of 8.21%. On average, sell-side analysts expect that Rimini Street Inc will post 0.22 EPS for the current fiscal year.

RMNI has been the subject of several research reports. ValuEngine downgraded shares of Rimini Street from a “buy” rating to a “hold” rating in a report on Thursday, April 30th. Benchmark began coverage on shares of Rimini Street in a research note on Tuesday, July 28th. They issued a “buy” rating for the company. Finally, Zacks Investment Research lowered shares of Rimini Street from a “buy” rating to a “hold” rating in a research report on Wednesday.

Hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its holdings in Rimini Street by 123.3% during the first quarter. BNP Paribas Arbitrage SA now owns 6,274 shares of the company’s stock valued at $26,000 after buying an additional 3,464 shares during the period. Squarepoint Ops LLC purchased a new position in Rimini Street during the first quarter valued at approximately $46,000. Dynamic Technology Lab Private Ltd purchased a new position in Rimini Street during the first quarter valued at approximately $50,000. Alliancebernstein L.P. acquired a new stake in Rimini Street in the first quarter valued at approximately $61,000. Finally, Russell Investments Group Ltd. boosted its stake in Rimini Street by 43.0% in the first quarter. Russell Investments Group Ltd. now owns 16,050 shares of the company’s stock valued at $65,000 after acquiring an additional 4,826 shares in the last quarter. 51.32% of the stock is currently owned by 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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