Rimini Street (NASDAQ:RMNI) CEO Seth Ravin Sells 41,366 Shares

Posted by on Sep 5th, 2026

Rimini Street, Inc. (NASDAQ:RMNI – Get Free Report) CEO Seth Ravin sold 41,366 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $5.16, for a total transaction of $213,448.56. Following the completion of the sale, the chief executive officer owned 10,258,241 shares of the company’s stock, valued at approximately $52,932,523.56. This trade represents a 0.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Rimini Street Stock Down 1.8%

Rimini Street stock opened at $5.01 on Friday. Rimini Street, Inc. has a 52 week low of $2.87 and a 52 week high of $5.68. The company’s 50 day moving average price is $4.85 and its two-hundred day moving average price is $4.05. The stock has a market cap of $467.71 million, a P/E ratio of 62.63 and a beta of 1.24.

Institutional Investors Weigh In On Rimini Street

A number of hedge funds have recently modified their holdings of RMNI. Quarry LP bought a new position in Rimini Street during the third quarter valued at $31,000. BNP Paribas Financial Markets raised its stake in shares of Rimini Street by 96.8% in the third quarter. BNP Paribas Financial Markets now owns 9,944 shares of the company’s stock valued at $47,000 after buying an additional 4,891 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Rimini Street in the second quarter valued at $49,000. nVerses Capital LLC purchased a new position in shares of Rimini Street during the 4th quarter valued at $57,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Rimini Street by 3,393.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 18,201 shares of the company’s stock valued at $69,000 after buying an additional 17,680 shares during the last quarter. Institutional investors own 73.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on RMNI shares. Roth Capital reissued a “buy” rating and issued a $6.50 price objective on shares of Rimini Street in a research report on Thursday, July 30th. Weiss Ratings lowered Rimini Street from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 7th. Wall Street Zen upgraded Rimini Street from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. TD Cowen lifted their target price on Rimini Street from $4.50 to $5.00 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. Finally, Zacks Research raised shares of Rimini Street from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Rimini Street has a consensus rating of “Moderate Buy” and an average price target of $6.50.

View Our Latest Stock Analysis on RMNI

Rimini Street Company Profile

(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.

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