Rimini Street Inc (NASDAQ:RMNI) President Sells $548,815.82 in Stock

Rimini Street Inc (NASDAQ:RMNI) President Sebastian Grady sold 105,949 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $5.18, for a total transaction of $548,815.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Sebastian Grady also recently made the following trade(s):

  • On Friday, June 21st, Sebastian Grady sold 269,913 shares of Rimini Street stock. The stock was sold at an average price of $5.19, for a total transaction of $1,400,848.47.
  • On Wednesday, June 19th, Sebastian Grady sold 173,781 shares of Rimini Street stock. The stock was sold at an average price of $5.19, for a total transaction of $901,923.39.
  • On Monday, June 17th, Sebastian Grady sold 6,618 shares of Rimini Street stock. The stock was sold at an average price of $5.18, for a total transaction of $34,281.24.
  • On Thursday, June 13th, Sebastian Grady sold 8,807 shares of Rimini Street stock. The stock was sold at an average price of $5.18, for a total transaction of $45,620.26.
  • On Friday, May 10th, Sebastian Grady sold 13,863 shares of Rimini Street stock. The stock was sold at an average price of $5.18, for a total transaction of $71,810.34.
  • On Monday, May 6th, Sebastian Grady sold 21,144 shares of Rimini Street stock. The stock was sold at an average price of $5.18, for a total transaction of $109,525.92.

Shares of RMNI stock traded up $0.01 during trading hours on Thursday, reaching $5.09. 16,631 shares of the company were exchanged, compared to its average volume of 52,311. Rimini Street Inc has a fifty-two week low of $4.00 and a fifty-two week high of $8.55. The business has a fifty day moving average price of $5.11. The firm has a market cap of $336.04 million and a P/E ratio of -15.91.

Several hedge funds have recently made changes to their positions in RMNI. SG Americas Securities LLC acquired a new position in shares of Rimini Street during the first quarter worth approximately $53,000. Rhumbline Advisers acquired a new position in shares of Rimini Street during the fourth quarter worth approximately $57,000. NJ State Employees Deferred Compensation Plan lifted its position in shares of Rimini Street by 9.5% during the first quarter. NJ State Employees Deferred Compensation Plan now owns 23,000 shares of the company’s stock worth $115,000 after purchasing an additional 2,000 shares in the last quarter. Northern Trust Corp lifted its position in shares of Rimini Street by 2.1% during the fourth quarter. Northern Trust Corp now owns 100,710 shares of the company’s stock worth $519,000 after purchasing an additional 2,054 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Rimini Street by 3.8% during the fourth quarter. BlackRock Inc. now owns 468,431 shares of the company’s stock worth $2,411,000 after purchasing an additional 17,343 shares in the last quarter. Institutional investors own 41.11% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a research report on Thursday, July 11th.

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.

Further Reading: Green Investing

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

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