Rimini Street (NASDAQ:RMNI) EVP Nancy Lyskawa Sells 5,337 Shares

Rimini Street, Inc. (NASDAQ:RMNI) EVP Nancy Lyskawa sold 5,337 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $3.64, for a total value of $19,426.68. Following the transaction, the executive vice president directly owned 196,456 shares in the company, valued at $715,099.84. The trade was a 2.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

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

Rimini Street Stock Down 2.4%

Shares of RMNI traded down $0.09 during trading hours on Friday, reaching $3.62. The company’s stock had a trading volume of 457,035 shares, compared to its average volume of 453,446. The firm has a market cap of $331.81 million, a price-to-earnings ratio of 9.05 and a beta of 1.28. Rimini Street, Inc. has a 1-year low of $2.79 and a 1-year high of $5.38. The company has a 50 day moving average of $3.57 and a two-hundred day moving average of $4.02.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. TD Cowen upgraded shares of Rimini Street to a “hold” rating in a research note on Monday, February 23rd. Wall Street Zen lowered Rimini Street from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Rimini Street in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.75.

Rimini Street News Roundup

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in Rimini Street by 96.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,944 shares of the company’s stock valued at $47,000 after purchasing an additional 4,891 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Rimini Street by 37.2% during the fourth quarter. Invesco Ltd. now owns 22,105 shares of the company’s stock worth $86,000 after purchasing an additional 5,998 shares during the last quarter. Quarry LP acquired a new stake in shares of Rimini Street in the third quarter valued at $31,000. Barclays PLC raised its holdings in shares of Rimini Street by 10.6% in the fourth quarter. Barclays PLC now owns 75,893 shares of the company’s stock valued at $294,000 after buying an additional 7,271 shares during the last quarter. Finally, Occudo Quantitative Strategies LP raised its holdings in shares of Rimini Street by 32.5% in the second quarter. Occudo Quantitative Strategies LP now owns 32,596 shares of the company’s stock valued at $123,000 after buying an additional 7,998 shares during the last quarter. Institutional investors own 73.75% of the company’s stock.

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.