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 dated Thursday, August 15th. The stock was sold at an average price of $4.76, for a total transaction of $214,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • 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 shares were 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 NASDAQ:RMNI traded up $0.12 during midday trading on Friday, hitting $4.88. The stock had a trading volume of 95,900 shares, compared to its average volume of 55,824. The company’s 50-day moving average price is $5.02 and its 200-day moving average price is $5.13. The company has a market capitalization of $316.70 million and a P/E ratio of 36.62. Rimini Street Inc has a fifty-two week low of $4.00 and a fifty-two week high of $7.46.

Rimini Street (NASDAQ:RMNI) last issued its earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The firm 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%. As a group, equities research analysts expect that Rimini Street Inc will post 0.21 earnings per share for the current fiscal year.

Separately, Zacks Investment Research upgraded 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 report on Friday.

Several large investors have recently modified their holdings of the company. Marshall Wace LLP purchased a new position in shares of Rimini Street during the second quarter worth approximately $84,000. Rock Creek Group LP purchased a new position in shares of Rimini Street during the second quarter worth approximately $1,670,000. Vanguard Group Inc. raised its stake in shares of Rimini Street by 53.3% during the second quarter. Vanguard Group Inc. now owns 903,772 shares of the company’s stock worth $4,790,000 after acquiring an additional 314,226 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Rimini Street during the second quarter worth approximately $153,000. Finally, BlackRock Inc. raised its stake in shares of Rimini Street by 122.7% during the second quarter. BlackRock Inc. now owns 966,161 shares of the company’s stock worth $5,120,000 after acquiring an additional 532,357 shares in the last quarter. Institutional investors own 41.11% 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.

Featured Article: Google Finance Portfolio

Insider Buying and Selling by Quarter for Rimini Street (NASDAQ:RMNI)

Receive News & Ratings for Rimini Street Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rimini Street and related companies with MarketBeat.com's FREE daily email newsletter.