Rimini Street, Inc. (NASDAQ:RMNI) EVP Nancy Lyskawa Sells 4,710 Shares

Rimini Street, Inc. (NASDAQ:RMNI) EVP Nancy Lyskawa sold 4,710 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 133,295 shares in the company, valued at $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 accessible through the SEC website.

Rimini Street Price Performance

NASDAQ:RMNI traded up $0.16 during mid-day trading on Wednesday, reaching $2.96. The stock had a trading volume of 175,813 shares, compared to its average volume of 251,722. Rimini Street, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $3.36. The stock has a market cap of $269.12 million, a P/E ratio of -8.00 and a beta of 1.31. The business’s 50 day moving average is $2.59 and its 200 day moving average is $2.17.

Hedge Funds Weigh In On Rimini Street

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its stake in Rimini Street by 60.7% during the third quarter. SG Americas Securities LLC now owns 18,289 shares of the company’s stock worth $34,000 after purchasing an additional 6,905 shares during the period. Virtu Financial LLC bought a new stake in Rimini Street in the third quarter valued at about $58,000. Ruane Cunniff & Goldfarb L.P. grew its holdings in shares of Rimini Street by 34.3% in the 3rd quarter. Ruane Cunniff & Goldfarb L.P. now owns 38,090 shares of the company’s stock valued at $70,000 after buying an additional 9,719 shares during the period. Gladius Capital Management LP raised its holdings in Rimini Street by 201.2% during the 3rd 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 during the period. Finally, Barclays PLC grew its holdings in shares of Rimini Street by 281.6% during the third quarter. Barclays PLC now owns 70,291 shares of the company’s stock worth $130,000 after buying an additional 51,870 shares in the last quarter. Institutional investors own 73.75% of the company’s stock.

Analyst Ratings Changes

Separately, Craig Hallum upgraded shares of Rimini Street from a “hold” rating to a “buy” rating and lifted their price target for the stock from $2.00 to $6.00 in a research 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.