Rimini Street, Inc. (NASDAQ:RMNI) CFO Michael L. Perica Sells 7,837 Shares

Rimini Street, Inc. (NASDAQ:RMNI) CFO Michael L. Perica sold 7,837 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $2.79, for a total transaction of $21,865.23. Following the completion of the transaction, the chief financial officer now directly owns 163,090 shares of the company’s stock, valued at approximately $455,021.10. This represents a 4.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Rimini Street Trading Up 5.7 %

Shares of NASDAQ RMNI opened at $2.96 on Thursday. Rimini Street, Inc. has a 52 week low of $1.53 and a 52 week high of $3.36. The business’s 50 day moving average price is $2.59 and its 200 day moving average price is $2.17.

Analyst Upgrades and Downgrades

Separately, Craig Hallum upgraded Rimini Street from a “hold” rating to a “buy” rating and raised their target price for the stock from $2.00 to $6.00 in a research note on Tuesday, December 17th.

Institutional Trading of Rimini Street

Several institutional investors and hedge funds have recently bought and sold shares of the business. Brooktree Capital Management raised its holdings in shares of Rimini Street by 14.6% during the third quarter. Brooktree Capital Management now owns 3,509,661 shares of the company’s stock worth $6,493,000 after purchasing an additional 445,984 shares during the last quarter. State Street Corp raised its stake in shares of Rimini Street by 0.8% during the 3rd quarter. State Street Corp now owns 1,020,639 shares of the company’s stock valued at $1,888,000 after buying an additional 8,377 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Rimini Street by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 806,670 shares of the company’s stock valued at $2,477,000 after buying an additional 26,694 shares during the period. Round Hill Asset Management boosted its stake in shares of Rimini Street by 54.1% in the third quarter. Round Hill Asset Management now owns 348,306 shares of the company’s stock worth $644,000 after buying an additional 122,333 shares during the last quarter. Finally, Bard Associates Inc. grew its holdings in Rimini Street by 7.7% during the third quarter. Bard Associates Inc. now owns 345,257 shares of the company’s stock worth $639,000 after acquiring an additional 24,757 shares during the period. 73.75% of the stock is currently owned by institutional investors and hedge funds.

About Rimini Street

Rimini Street, Inc provides enterprise software products, services, and support. The company engages in the provision of support services for Oracle and SAP enterprise software products. It also provides Rimini ONE, an outsourcing option that offers a set of unified and integrated services to run, manage, support, customize, configure, connect, protect, monitor, and optimize its clients’ application, database, and technology enterprise software; Rimini Support, a mission-critical support for Oracle, SAP, proprietary and open-source database, and technology software; Rimini Manage, a suite of managed services for application and database software; Rimini Protect, a suite of personalized software security services and solutions; and Rimini Connect, a suite of managed interoperability solutions for browsers, operating systems, and email systems.