Rimini Street, Inc. (NASDAQ:RMNI) EVP Sells $13,140.90 in Stock

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

Rimini Street Trading Down 2.5 %

RMNI stock opened at $2.78 on Friday. The stock has a 50-day moving average price of $2.60 and a two-hundred day moving average price of $2.17. Rimini Street, Inc. has a 1 year low of $1.53 and a 1 year high of $3.36.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RMNI. SG Americas Securities LLC lifted its stake in Rimini Street by 60.7% in the 3rd 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 in the last quarter. Virtu Financial LLC bought a new stake in shares of Rimini Street in the third quarter worth $58,000. Ruane Cunniff & Goldfarb L.P. boosted its holdings in Rimini Street by 34.3% during the third 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 position in Rimini Street by 201.2% in the third quarter. Gladius Capital Management LP now owns 56,018 shares of the company’s stock valued at $104,000 after purchasing an additional 37,418 shares in the last quarter. Finally, Barclays PLC grew its position in 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 purchasing an additional 51,870 shares in the last quarter. 73.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Craig Hallum upgraded shares of 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 report on Tuesday, December 17th.

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.