Rimini Street (NASDAQ:RMNI – Get Free Report) is projected to post its Q2 2025 quarterly earnings results after the market closes on Thursday, July 31st. Analysts expect Rimini Street to post earnings of $0.09 per share and revenue of $103.09 million for the quarter.
Rimini Street Price Performance
Shares of Rimini Street stock opened at $4.84 on Tuesday. The business has a 50-day moving average of $3.84 and a 200-day moving average of $3.50. The company has a market capitalization of $444.26 million, a PE ratio of -13.08 and a beta of 1.31. Rimini Street has a 1-year low of $1.53 and a 1-year high of $5.38.
Insider Transactions at Rimini Street
In other news, CEO Seth A. Ravin sold 61,292 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $3.28, for a total transaction of $201,037.76. Following the transaction, the chief executive officer owned 652,696 shares of the company’s stock, valued at approximately $2,140,842.88. This trade represents a 8.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael L. Perica sold 28,319 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $3.28, for a total transaction of $92,886.32. Following the transaction, the chief financial officer directly owned 237,361 shares in the company, valued at $778,544.08. The trade was a 10.66% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,325 shares of company stock valued at $425,651. Insiders own 41.20% of the company’s stock.
Hedge Funds Weigh In On Rimini Street
Analysts Set New Price Targets
Separately, Roth Capital set a $6.50 target price on Rimini Street and gave the company a “buy” rating in a research note on Thursday, July 10th.
Check Out Our Latest Analysis on RMNI
Rimini Street Company Profile
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.
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