Insider Selling: Rimini Street, Inc. (NASDAQ:RMNI) EVP Sells 4,710 Shares of Stock

Rimini Street, Inc. (NASDAQ:RMNI) EVP Nancy Lyskawa sold 4,710 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $2.79, for a total transaction of $13,140.90. Following the completion of the transaction, the executive vice president now owns 133,295 shares of the company’s stock, valued at approximately $371,893.05. This represents a 3.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rimini Street Price Performance

Shares of RMNI opened at $2.85 on Friday. The stock’s 50 day moving average is $2.60 and its two-hundred day moving average is $2.17. Rimini Street, Inc. has a 12 month low of $1.53 and a 12 month high of $3.36.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Rimini Street

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its holdings in shares of Rimini Street by 60.7% during the third quarter. SG Americas Securities LLC now owns 18,289 shares of the company’s stock valued at $34,000 after acquiring an additional 6,905 shares during the last quarter. Virtu Financial LLC acquired a new position in Rimini Street in the 3rd quarter valued at $58,000. Ruane Cunniff & Goldfarb L.P. boosted its stake in Rimini Street by 34.3% during the 3rd quarter. Ruane Cunniff & Goldfarb L.P. now owns 38,090 shares of the company’s stock worth $70,000 after purchasing an additional 9,719 shares during the last quarter. Gladius Capital Management LP grew its holdings in shares of Rimini Street by 201.2% during the third quarter. Gladius Capital Management LP now owns 56,018 shares of the company’s stock worth $104,000 after buying an additional 37,418 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Rimini Street by 281.6% in the third quarter. Barclays PLC now owns 70,291 shares of the company’s stock valued at $130,000 after buying an additional 51,870 shares during the last quarter. Institutional investors and hedge funds own 73.75% of the company’s stock.

Rimini Street Company Profile

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.