Rimini Street, Inc. (NASDAQ:RMNI) EVP Sells $13,140.90 in Stock

Rimini Street, Inc. (NASDAQ:RMNI) EVP Nancy Lyskawa sold 4,710 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $2.79, for a total value of $13,140.90. Following the completion of the sale, the executive vice president now directly owns 133,295 shares of the company’s stock, valued at approximately $371,893.05. The trade was a 3.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Rimini Street Price Performance

Shares of NASDAQ RMNI opened at $2.78 on Friday. The business’s 50 day moving average price is $2.60 and its two-hundred day moving average price is $2.17. Rimini Street, Inc. has a twelve month low of $1.53 and a twelve month high of $3.36.

Analysts Set New Price Targets

Separately, Craig Hallum upgraded shares of Rimini Street from a “hold” rating to a “buy” rating and increased their price target for the company from $2.00 to $6.00 in a research note on Tuesday, December 17th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brooktree Capital Management lifted its holdings in Rimini Street by 14.6% during the 3rd quarter. Brooktree Capital Management now owns 3,509,661 shares of the company’s stock valued at $6,493,000 after purchasing an additional 445,984 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Rimini Street in the third quarter valued at about $210,000. Cerity Partners LLC lifted its stake in shares of Rimini Street by 80.2% during the 3rd quarter. Cerity Partners LLC now owns 306,843 shares of the company’s stock worth $568,000 after buying an additional 136,609 shares during the last quarter. State Street Corp boosted its holdings in shares of Rimini Street by 0.8% during the 3rd quarter. State Street Corp now owns 1,020,639 shares of the company’s stock worth $1,888,000 after buying an additional 8,377 shares during the period. Finally, Barclays PLC grew its stake in Rimini Street by 281.6% in the 3rd quarter. Barclays PLC now owns 70,291 shares of the company’s stock valued at $130,000 after buying an additional 51,870 shares during the last quarter. 73.75% of the stock is currently owned by institutional investors.

About Rimini Street

Rimini Street, Inc provides enterprise software products, services, and support. The company engages in the provision of support services for Oracle and SAP enterprise software products. It also provides Rimini ONE, an outsourcing option that offers a set of unified and integrated services to run, manage, support, customize, configure, connect, protect, monitor, and optimize its clients’ application, database, and technology enterprise software; Rimini Support, a mission-critical support for Oracle, SAP, proprietary and open-source database, and technology software; Rimini Manage, a suite of managed services for application and database software; Rimini Protect, a suite of personalized software security services and solutions; and Rimini Connect, a suite of managed interoperability solutions for browsers, operating systems, and email systems.