Rimini Street Inc (NASDAQ:RMNI) SVP Kevin Maddock sold 12,326 shares of Rimini Street stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $4.14, for a total value of $51,029.64.
Kevin Maddock also recently made the following trade(s):
- On Wednesday, December 4th, Kevin Maddock sold 1,000 shares of Rimini Street stock. The shares were sold at an average price of $3.94, for a total value of $3,940.00.
- On Monday, December 2nd, Kevin Maddock sold 1,000 shares of Rimini Street stock. The shares were sold at an average price of $4.00, for a total value of $4,000.00.
- On Tuesday, November 5th, Kevin Maddock sold 16,500 shares of Rimini Street stock. The shares were sold at an average price of $3.99, for a total value of $65,835.00.
- On Wednesday, October 23rd, Kevin Maddock sold 16,500 shares of Rimini Street stock. The shares were sold at an average price of $3.99, for a total value of $65,835.00.
- On Friday, October 11th, Kevin Maddock sold 9,500 shares of Rimini Street stock. The shares were sold at an average price of $3.99, for a total value of $37,905.00.
- On Wednesday, October 9th, Kevin Maddock sold 16,500 shares of Rimini Street stock. The stock was sold at an average price of $4.24, for a total value of $69,960.00.
- On Friday, September 20th, Kevin Maddock sold 2,646 shares of Rimini Street stock. The stock was sold at an average price of $4.84, for a total value of $12,806.64.
- On Friday, September 13th, Kevin Maddock sold 16,500 shares of Rimini Street stock. The stock was sold at an average price of $4.77, for a total value of $78,705.00.
Shares of NASDAQ RMNI traded up $0.06 during trading hours on Wednesday, hitting $3.95. 22,200 shares of the company traded hands, compared to its average volume of 59,912. The stock has a market capitalization of $267.07 million, a price-to-earnings ratio of -12.31, a price-to-earnings-growth ratio of 0.55 and a beta of -0.13. Rimini Street Inc has a 12 month low of $3.63 and a 12 month high of $6.00. The company’s 50 day moving average price is $3.98 and its 200 day moving average price is $4.63.
Separately, Zacks Investment Research raised Rimini Street from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research report on Saturday, November 9th.
Hedge funds have recently modified their holdings of the business. State Street Corp lifted its position in shares of Rimini Street by 23.7% in the third quarter. State Street Corp now owns 315,263 shares of the company’s stock valued at $1,381,000 after acquiring an additional 60,483 shares in the last quarter. Mackay Shields LLC acquired a new stake in shares of Rimini Street in the third quarter valued at approximately $119,000. Kingstown Capital Management L.P. increased its holdings in shares of Rimini Street by 2.4% in the second quarter. Kingstown Capital Management L.P. now owns 1,152,067 shares of the company’s stock valued at $6,106,000 after purchasing an additional 27,067 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Rimini Street in the second quarter valued at approximately $84,000. Finally, Rock Creek Group LP acquired a new stake in Rimini Street during the second quarter worth $1,670,000. Institutional investors own 46.93% 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.
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