Rimini Street Inc (NASDAQ:RMNI) SVP Nancy Lyskawa Sells 45,000 Shares of Stock

Rimini Street Inc (NASDAQ:RMNI) SVP Nancy Lyskawa sold 45,000 shares of Rimini Street stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $4.73, for a total transaction of $212,850.00. Following the transaction, the senior vice president now directly owns 35,972 shares of the company’s stock, valued at $170,147.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, August 15th, Nancy Lyskawa sold 45,000 shares of Rimini Street stock. The stock was sold at an average price of $4.76, for a total transaction of $214,200.00.
  • On Thursday, August 1st, Nancy Lyskawa sold 45,000 shares of Rimini Street stock. The stock was sold at an average price of $4.83, for a total transaction of $217,350.00.
  • On Thursday, July 25th, Nancy Lyskawa sold 45,000 shares of Rimini Street stock. The stock was sold at an average price of $4.97, for a total transaction of $223,650.00.
  • On Tuesday, July 23rd, Nancy Lyskawa sold 45,000 shares of Rimini Street stock. The shares were sold at an average price of $4.96, for a total transaction of $223,200.00.

Shares of RMNI traded up $0.03 during trading hours on Friday, reaching $4.74. 51,042 shares of the company traded hands, compared to its average volume of 104,656. The firm has a market cap of $315.35 million and a price-to-earnings ratio of -14.81. Rimini Street Inc has a 12-month low of $4.33 and a 12-month high of $7.46. The stock’s fifty day moving average price is $4.84 and its 200 day moving average price is $5.05.

Rimini Street (NASDAQ:RMNI) last issued its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.05). The company had revenue of $67.96 million for the quarter, compared to analysts’ expectations of $67.35 million. Rimini Street had a negative net margin of 15.41% and a negative return on equity of 8.20%. On average, equities analysts expect that Rimini Street Inc will post 0.21 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in Rimini Street by 114.5% in the second quarter. JPMorgan Chase & Co. now owns 5,418 shares of the company’s stock worth $28,000 after acquiring an additional 2,892 shares during the period. Strs Ohio purchased a new stake in Rimini Street in the second quarter worth about $29,000. SG Americas Securities LLC purchased a new stake in Rimini Street in the first quarter worth about $53,000. Marshall Wace LLP purchased a new stake in Rimini Street in the second quarter worth about $84,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Rimini Street in the second quarter worth about $153,000. 41.98% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised shares of Rimini Street from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research note on Friday, August 16th.

Rimini Street Company Profile

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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