Equities research analysts predict that Rimini Street Inc (NASDAQ:RMNI) will report earnings per share of $0.02 for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Rimini Street’s earnings. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, November 8th.

According to Zacks, analysts expect that Rimini Street will report full-year earnings of ($0.52) per share for the current fiscal year. For the next year, analysts expect that the company will report earnings of $0.12 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Rimini Street.

In other news, President Sebastian Grady sold 19,503 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $7.94, for a total value of $154,853.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kevin Maddock sold 160,325 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $4.80, for a total value of $769,560.00. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 12,000 shares of company stock valued at $61,300 and sold 459,863 shares valued at $2,570,736.

Several large investors have recently bought and sold shares of RMNI. Bank of New York Mellon Corp bought a new stake in shares of Rimini Street in the 2nd quarter valued at approximately $116,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Rimini Street in the 2nd quarter valued at approximately $124,000. Ramsey Quantitative Systems lifted its stake in shares of Rimini Street by 102.8% in the 3rd quarter. Ramsey Quantitative Systems now owns 24,487 shares of the company’s stock valued at $155,000 after purchasing an additional 12,414 shares during the last quarter. Northern Trust Corp bought a new stake in shares of Rimini Street in the 2nd quarter valued at approximately $568,000. Finally, Millennium Management LLC lifted its stake in shares of Rimini Street by 147.1% in the 1st quarter. Millennium Management LLC now owns 151,748 shares of the company’s stock valued at $1,299,000 after purchasing an additional 90,331 shares during the last quarter. 41.37% of the stock is owned by institutional investors and hedge funds.

Rimini Street stock traded up $0.24 during midday trading on Friday, reaching $6.95. 15,622 shares of the stock traded hands, compared to its average volume of 32,066. Rimini Street has a 12 month low of $4.00 and a 12 month high of $10.00.

About Rimini Street

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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