Nancy Lyskawa Sells 4,710 Shares of Rimini Street, Inc. (NASDAQ:RMNI) Stock

Rimini Street, Inc. (NASDAQ:RMNI) EVP Nancy Lyskawa sold 4,710 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $2.79, for a total transaction of $13,140.90. Following the sale, the executive vice president now directly owns 133,295 shares of the company’s stock, valued at $371,893.05. The trade was a 3.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Rimini Street Price Performance

Shares of RMNI opened at $2.85 on Friday. The company’s fifty day moving average price is $2.60 and its 200-day moving average price is $2.17. Rimini Street, Inc. has a 1-year low of $1.53 and a 1-year high of $3.36.

Institutional Trading of Rimini Street

Several large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Rimini Street by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 457,181 shares of the company’s stock worth $1,221,000 after purchasing an additional 12,300 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in Rimini Street by 7.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 276,025 shares of the company’s stock worth $737,000 after buying an additional 18,906 shares during the period. Bank of New York Mellon Corp increased its holdings in Rimini Street by 20.0% in the 4th quarter. Bank of New York Mellon Corp now owns 278,619 shares of the company’s stock worth $744,000 after buying an additional 46,511 shares during the period. SG Americas Securities LLC lifted its stake in Rimini Street by 23.2% during the 4th quarter. SG Americas Securities LLC now owns 22,527 shares of the company’s stock valued at $60,000 after acquiring an additional 4,238 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Rimini Street by 38.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 99,602 shares of the company’s stock valued at $184,000 after acquiring an additional 27,451 shares during the last quarter. Hedge funds and other institutional investors own 73.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum raised Rimini Street from a “hold” rating to a “buy” rating and raised their price target for the stock from $2.00 to $6.00 in a report on Tuesday, December 17th.

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.