Rimini Street Inc (NASDAQ: RMNI) is 16.85% higher on its value in year-to-date trading and has touched a low of $1.53 and a high of $4.14 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 $3.29 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $3.12, the stock is -9.33% and -10.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.12 million and changing -5.02% at the moment leaves the stock 23.14% off its SMA200. RMNI registered 7.59% gain for a year compared to 6-month gain of 67.74%. The firm has a 50-day simple moving average (SMA 50) of $3.4693 and a 200-day simple moving average (SMA200) of $2.533675.
The stock witnessed a -22.39% loss in the last 1 month and extending the period to 3 months gives it a 10.25%, and is -6.59% down 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 4.83% over the week and 6.17% over the month.
Rimini Street Inc (RMNI) has around 2040 employees, a market worth around $284.85M and $428.75M in sales. Fwd P/E is 8.83. Profit margin for the company is -8.46%. Distance from 52-week low is 103.92% and -24.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-183.14%).
with sales reaching $103.26M over the same period.The EPS is expected to shrink by -33.17% this year, but quarterly earnings will post -1.24% year-over-year. Quarterly sales are estimated to shrink -3.27% in year-over-year returns.
136.0 institutions hold shares in Rimini Street Inc (RMNI), with institutional investors hold 82.80% of the company’s shares. The shares outstanding are 91.12M, and float is at 47.30M with Short Float at 1.66%. Institutions hold 64.84% 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 26.0406 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 6.5343 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 3.871 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 Rowe David W., the company’s CPO,CMO&EVPGlob.Transformation. SEC filings show that Rowe David W. sold 147 shares of the company’s common stock on Mar 07 ’25 at a price of $3.60 per share for a total of $529.0. Following the sale, the insider now owns 0.39 million shares.
Rimini Street Inc disclosed in a document filed with the SEC on Mar 03 ’25 that Rowe David W. (CPO,CMO&EVPGlob.Transformation) sold a total of 2,951 shares of the company’s common stock. The trade occurred on Mar 03 ’25 and was made at $3.48 per share for $10269.0. Following the transaction, the insider now directly holds 0.39 million shares of the RMNI stock.
Still, SEC filings show that on Mar 03 ’25, Ravin Seth A. (President, CEO & Chairman) disposed off 2,315 shares at an average price of $3.48 for $8056.0. The insider now directly holds 449,266 shares of Rimini Street Inc (RMNI).
