According to Zacks, “Rimini Street, Inc. provides enterprise software support services. The Company’s support services program consists of support, risk avoidance, technology support, innovation and roadmap, account management and archiving services, as well as global tax, legal and regulatory update services. It serves the education and public sector. Rimini Street, Inc. is based in Las Vegas, United States. “
RMNI stock opened at $4.84 on Thursday. The stock has a market cap of $320.48 million and a PE ratio of -15.13. Rimini Street has a 1 year low of $4.00 and a 1 year high of $8.55.
Rimini Street (NASDAQ:RMNI) last released its quarterly earnings data on Thursday, March 14th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04. The company had revenue of $67.71 million for the quarter, compared to the consensus estimate of $63.69 million. On average, research analysts forecast that Rimini Street will post 0.16 earnings per share for the current fiscal year.
In other Rimini Street news, President Sebastian Grady sold 13,863 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $5.18, for a total value of $71,810.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Nancy Lyskawa sold 17,810 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $6.00, for a total transaction of $106,860.00. The disclosure for this sale can be found here. Insiders sold a total of 54,432 shares of company stock worth $297,113 in the last 90 days.
Large investors have recently bought and sold shares of the business. ExodusPoint Capital Management LP purchased a new stake in Rimini Street in the 1st quarter valued at about $50,000. SG Americas Securities LLC purchased a new stake in Rimini Street in the 1st quarter valued at about $53,000. Rhumbline Advisers purchased a new stake in Rimini Street in the 4th quarter valued at about $57,000. NJ State Employees Deferred Compensation Plan increased its stake in Rimini Street by 50.0% in the 4th quarter. NJ State Employees Deferred Compensation Plan now owns 21,000 shares of the company’s stock valued at $108,000 after buying an additional 7,000 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Rimini Street in the 3rd quarter valued at about $219,000. Hedge funds and other institutional investors own 42.21% of the company’s stock.
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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