Rimini Street (NASDAQ:RMNI) CEO Seth Ravin Sells 89,639 Shares of Stock

Posted by George Bondi on Sep 4th, 2026

Rimini Street, Inc. (NASDAQ:RMNI – Get Free Report) CEO Seth Ravin sold 89,639 shares of Rimini Street stock in a transaction on Friday, September 4th. The stock was sold at an average price of $5.02, for a total value of $449,987.78. Following the sale, the chief executive officer directly owned 10,168,602 shares of the company’s stock, valued at approximately $51,046,382.04. This trade represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Rimini Street Stock Performance

NASDAQ:RMNI traded down $0.09 during mid-day trading on Friday, hitting $5.01. The company had a trading volume of 522,149 shares, compared to its average volume of 407,347. Rimini Street, Inc. has a fifty-two week low of $2.87 and a fifty-two week high of $5.68. The firm has a market cap of $467.73 million, a P/E ratio of 62.63 and a beta of 1.24. The business’s fifty day moving average is $4.84 and its two-hundred day moving average is $4.05.

Analysts Set New Price Targets

RMNI has been the topic of several recent analyst reports. TD Cowen lifted their price objective on shares of Rimini Street from $4.50 to $5.00 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings downgraded shares of Rimini Street from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Roth Capital reissued a “buy” rating and set a $6.50 price target on shares of Rimini Street in a research report on Thursday, July 30th. Wall Street Zen raised shares of Rimini Street from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Craig Hallum restated a “buy” rating and issued a $8.00 price objective on shares of Rimini Street in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $6.50.

Read Our Latest Analysis on Rimini Street

Institutional Trading of Rimini Street

Large investors have recently bought and sold shares of the business. Conifer Management L.L.C. bought a new position in Rimini Street in the second quarter valued at approximately $25,190,228. BlackRock Inc. bought a new stake in shares of Rimini Street during the second quarter worth $15,729,000. Samjo Management LLC raised its holdings in shares of Rimini Street by 149.0% during the fourth quarter. Samjo Management LLC now owns 1,207,750 shares of the company’s stock worth $4,686,000 after acquiring an additional 722,750 shares during the period. Mink Brook Asset Management LLC raised its holdings in shares of Rimini Street by 73.4% during the fourth quarter. Mink Brook Asset Management LLC now owns 1,299,741 shares of the company’s stock worth $5,043,000 after acquiring an additional 550,167 shares during the period. Finally, Immersion Corp bought a new stake in Rimini Street in the 4th quarter valued at $2,043,000. 73.75% of the stock is owned by institutional investors.

About Rimini Street

(Get Free Report)

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.