Rimini Street Inc (NASDAQ: RMNI) is 5.62% higher on its value in year-to-date trading and has touched a low of $1.53 and a high of $3.43 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RMNI stock was last observed hovering at around $2.83 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $2.82, the stock is 5.32% and 22.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing -0.35% at the moment leaves the stock 20.49% off its SMA200. RMNI registered -10.76% loss for a year compared to 6-month loss of -8.14%. The firm has a 50-day simple moving average (SMA 50) of $2.3074 and a 200-day simple moving average (SMA200) of $2.340525.
The stock witnessed a 7.63% gain in the last 1 month and extending the period to 3 months gives it a 49.21%, and is 11.46% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.72% over the week and 7.14% over the month.
Rimini Street Inc (RMNI) has around 2120 employees, a market worth around $256.39M and $426.65M in sales. Fwd P/E is 8.55. Profit margin for the company is -7.87%. Distance from 52-week low is 84.31% and -17.78% from its 52-week high.
with sales reaching $102.51M over the same period.The EPS is expected to shrink by -14.77% this year, but quarterly earnings will post -3.35% year-over-year. Quarterly sales are estimated to shrink -8.57% in year-over-year returns.
Rimini Street Inc (RMNI) Top Institutional Holders
134.0 institutions hold shares in Rimini Street Inc (RMNI), with institutional investors hold 85.44% of the company’s shares. The shares outstanding are 90.84M, and float is at 47.37M with Short Float at 2.01%. Institutions hold 66.95% of the Float.
The top institutional shareholder in the company is ADAMS STREET PARTNERS LLC with over 23.57 million shares valued at $72.35 million. The investor’s holdings represent 26.2556% of the RMNI Shares outstanding. As of 2024-06-30, the second largest holder is CONIFER MANAGEMENT, L.L.C. with 5.91 million shares valued at $18.15 million to account for 6.5882 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 4.46 million shares representing 4.9702% and valued at over $13.7 million, while BLACKROCK INC. holds 3.9029 of the shares totaling 3.5 million with a market value of $10.75 million.
Rimini Street Inc (RMNI) Insider Activity
The most recent transaction is an insider sale by Ravin Seth A., the company’s President, CEO & Chairman. SEC filings show that Ravin Seth A. sold 14,375 shares of the company’s common stock on Dec 13 ’24 at a price of $2.20 per share for a total of $31695.0. Following the sale, the insider now owns 0.44 million shares.
Rimini Street Inc disclosed in a document filed with the SEC on Dec 13 ’24 that Perica Michael L. (EVP & Chief Financial Officer) sold a total of 3,433 shares of the company’s common stock. The trade occurred on Dec 13 ’24 and was made at $2.20 per share for $7569.0. Following the transaction, the insider now directly holds 0.15 million shares of the RMNI stock.
Still, SEC filings show that on Aug 05 ’24, Perica Michael L. (EVP & Chief Financial Officer) disposed off 2,082 shares at an average price of $1.82 for $3798.0. The insider now directly holds 149,358 shares of Rimini Street Inc (RMNI).
