Rimini Street Inc (NASDAQ:RMNI) SVP Kevin Maddock sold 16,500 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $4.77, for a total value of $78,705.00.
Shares of NASDAQ:RMNI opened at $4.78 on Thursday. The company has a market capitalization of $318.69 million and a price-to-earnings ratio of 36.85. The business’s 50-day moving average is $4.79 and its 200-day moving average is $5.02. Rimini Street Inc has a 1 year low of $4.33 and a 1 year high of $7.46.
Rimini Street (NASDAQ:RMNI) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The business had revenue of $67.96 million during the quarter, compared to analyst estimates of $67.35 million. Rimini Street had a negative net margin of 15.41% and a negative return on equity of 8.20%. Research analysts predict that Rimini Street Inc will post 0.21 EPS for the current fiscal year.
Separately, Zacks Investment Research raised Rimini Street from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock 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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