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. “
Shares of Rimini Street stock opened at $4.08 on Friday. Rimini Street has a 12-month low of $3.63 and a 12-month high of $6.00. The stock has a market cap of $265.05 million, a P/E ratio of -12.75, a P/E/G ratio of 0.51 and a beta of -0.13. The business’s 50 day moving average is $3.97 and its 200-day moving average is $4.42.
In related news, SVP Kevin Maddock sold 12,326 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $4.14, for a total value of $51,029.64. Also, SVP Nancy Lyskawa sold 89,118 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $4.00, for a total value of $356,472.00. In the last quarter, insiders have sold 215,444 shares of company stock worth $1,492,282. Company insiders own 64.25% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of RMNI. BlackRock Inc. raised its stake in Rimini Street by 122.7% in the 2nd quarter. BlackRock Inc. now owns 966,161 shares of the company’s stock valued at $5,120,000 after acquiring an additional 532,357 shares during the period. Rock Creek Group LP bought a new stake in Rimini Street in the 2nd quarter valued at $1,670,000. Vanguard Group Inc. raised its stake in Rimini Street by 53.3% in the 2nd quarter. Vanguard Group Inc. now owns 903,772 shares of the company’s stock valued at $4,790,000 after acquiring an additional 314,226 shares during the period. Renaissance Technologies LLC raised its stake in Rimini Street by 104.9% in the 2nd quarter. Renaissance Technologies LLC now owns 158,049 shares of the company’s stock valued at $838,000 after acquiring an additional 80,900 shares during the period. Finally, State Street Corp raised its stake in Rimini Street by 23.7% in the 3rd quarter. State Street Corp now owns 315,263 shares of the company’s stock valued at $1,381,000 after acquiring an additional 60,483 shares during the period. Institutional investors and hedge funds own 46.58% 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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