Michael L. Perica Sells 7,803 Shares of Rimini Street, Inc. (NASDAQ:RMNI) Stock

Rimini Street, Inc. (NASDAQ:RMNIGet Free Report) CFO Michael L. Perica sold 7,803 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $3.20, for a total value of $24,969.60. Following the completion of the sale, the chief financial officer now directly owns 95,850 shares in the company, valued at approximately $306,720. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Rimini Street Stock Performance

Shares of NASDAQ:RMNI opened at $3.13 on Thursday. The firm has a fifty day moving average of $3.26 and a 200 day moving average of $2.76. Rimini Street, Inc. has a 52-week low of $2.01 and a 52-week high of $5.32. The firm has a market capitalization of $279.79 million, a PE ratio of 24.08 and a beta of 1.25.

Hedge Funds Weigh In On Rimini Street

A number of large investors have recently modified their holdings of the company. Strs Ohio raised its stake in shares of Rimini Street by 8.5% during the second quarter. Strs Ohio now owns 92,200 shares of the company’s stock worth $441,000 after acquiring an additional 7,200 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Rimini Street by 26.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 62,456 shares of the company’s stock valued at $137,000 after buying an additional 13,237 shares during the period. Brooktree Capital Management increased its holdings in shares of Rimini Street by 43.6% in the third quarter. Brooktree Capital Management now owns 2,817,829 shares of the company’s stock worth $6,199,000 after buying an additional 856,085 shares during the period. Manatuck Hill Partners LLC bought a new stake in shares of Rimini Street in the 2nd quarter valued at about $479,000. Finally, Prelude Capital Management LLC boosted its holdings in Rimini Street by 63.6% during the 2nd quarter. Prelude Capital Management LLC now owns 23,290 shares of the company’s stock valued at $112,000 after acquiring an additional 9,051 shares during the period. 69.92% of the stock is owned by hedge funds and other institutional investors.

Rimini Street Company Profile

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Rimini Street, Inc provides enterprise software products, services, and support for various industries. The company offers application management 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 solution for a range of enterprise software vendors, product families and product lines; Rimini Manage, a suite of managed services for application and database software; Rimini Protect, a suite of managed security solutions for applications, databases, and technology infrastructure; and Rimini Connect, a suite of managed interoperability solutions for browsers, operating systems, and email systems.

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

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