Rimini Street (NASDAQ:RMNI) EVP Sells $19,426.68 in Stock

Rimini Street, Inc. (NASDAQ:RMNI) EVP Nancy Lyskawa sold 5,337 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $3.64, for a total transaction of $19,426.68. Following the transaction, the executive vice president owned 196,456 shares of the company’s stock, valued at approximately $715,099.84. This represents a 2.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Nancy Lyskawa also recently made the following trade(s):

• On Tuesday, March 3rd, Nancy Lyskawa sold 2,348 shares of Rimini Street stock. The stock was sold at an average price of $3.72, for a total value of $8,734.56.

Rimini Street Stock Performance

Shares of RMNI stock opened at $3.62 on Monday. Rimini Street, Inc. has a fifty-two week low of $2.79 and a fifty-two week high of $5.38. The stock’s fifty day moving average price is $3.57 and its two-hundred day moving average price is $4.02. The company has a market cap of $331.81 million, a PE ratio of 9.05 and a beta of 1.28.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Invesco Ltd. boosted its holdings in shares of Rimini Street by 37.2% during the 4th quarter. Invesco Ltd. now owns 22,105 shares of the company’s stock valued at $86,000 after acquiring an additional 5,998 shares in the last quarter. nVerses Capital LLC acquired a new position in Rimini Street in the 4th quarter worth about $57,000. Oxford Asset Management LLP bought a new position in Rimini Street in the fourth quarter valued at about $127,000. Millennium Management LLC raised its position in Rimini Street by 49.0% in the fourth quarter. Millennium Management LLC now owns 70,834 shares of the company’s stock valued at $275,000 after purchasing an additional 23,286 shares during the last quarter. Finally, Manatuck Hill Partners LLC boosted its stake in shares of Rimini Street by 5.7% during the fourth quarter. Manatuck Hill Partners LLC now owns 639,115 shares of the company’s stock valued at $2,480,000 after purchasing an additional 34,475 shares in the last quarter. 73.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RMNI shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rimini Street in a research note on Monday, December 29th. TD Cowen raised Rimini Street to a “hold” rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.75.

Key Headlines Impacting Rimini Street

Here are the key news stories impacting Rimini Street this week:

• Positive Sentiment: Institutional investors have been adding to positions (Invesco, BNP Paribas, Barclays and others increased stakes), and institutions now own ~73.8% of the stock — a supportive sign of professional interest that can limit downside. MarketBeat Institutional & Insider Summary
• Neutral Sentiment: Analysts show a consensus “Hold” with a target around $5.75 (one Buy, two Holds). Valuation metrics (PE ~9, market cap ~ $330M) may attract value-oriented buyers, but the stock sits below its 200-day moving average, which mutes near-term bullish conviction. MarketBeat Analyst Coverage
• Negative Sentiment: Several senior insiders sold small blocks of shares on Mar 3 — CEO Seth Ravin (3,080 shares), CMO David Rowe (2,809), CFO Michael Perica (3,140) and other EVPs — each sale worth roughly $8–12k (at ~$3.72). Though the reductions are small percentage-wise (sub-4% for any single insider), clustered insider selling often pressures sentiment and can trigger short-term selling by other holders. InsiderTrades: Insider Selling Alert

About Rimini Street

Rimini Street, Inc (NASDAQ: RMNI) is a provider of enterprise software support services, specializing in third-party maintenance for mission-critical applications from leading technology vendors. The company offers comprehensive support for ERP, CRM and database environments, with coverage for systems from providers such as Oracle and SAP. Through its proactive system monitoring, performance tuning, regulatory and tax update services, Rimini Street aims to extend the lifecycle of enterprise applications while delivering service levels comparable to or exceeding those of original software vendors.

Founded in 2005 by technology entrepreneur Seth Ravin, Rimini Street has grown from a startup into a publicly traded company following its initial public offering in March 2018.