Rimini Street (RMNI) Projected to Post Quarterly Earnings on Thursday

Rimini Street (NASDAQ:RMNI - Get Free Report) will likely be issuing its Q2 2025 quarterly earnings data after the market closes on Thursday, July 31st. Analysts expect the company to announce earnings of $0.09 per share and revenue of $103.09 million for the quarter.

Rimini Street Trading Up 0.6%

Shares of RMNI stock traded up $0.03 during trading hours on Friday, reaching $4.68. 188,789 shares of the company's stock were exchanged, compared to its average volume of 514,468. The stock's fifty day moving average price is $3.81 and its two-hundred day moving average price is $3.48. The stock has a market cap of $429.58 million, a PE ratio of -12.65 and a beta of 1.31. Rimini Street has a 1 year low of $1.53 and a 1 year high of $5.38.

Insiders Place Their Bets

In other news, CFO Michael L. Perica sold 28,319 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $3.28, for a total transaction of $92,886.32. Following the completion of the transaction, the chief financial officer directly owned 237,361 shares of the company's stock, valued at $778,544.08. This represents a 10.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Seth A. Ravin sold 61,292 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $3.28, for a total value of $201,037.76. Following the transaction, the chief executive officer directly owned 652,696 shares of the company's stock, valued at approximately $2,140,842.88. The trade was a 8.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,325 shares of company stock worth $425,651. Corporate insiders own 41.20% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RMNI. Jacobs Levy Equity Management Inc. acquired a new position in shares of Rimini Street during the 1st quarter worth approximately $271,000. Cubist Systematic Strategies LLC acquired a new position in shares of Rimini Street during the 1st quarter worth approximately $134,000. AQR Capital Management LLC raised its stake in shares of Rimini Street by 243.9% during the 1st quarter. AQR Capital Management LLC now owns 36,360 shares of the company's stock worth $127,000 after buying an additional 25,788 shares during the period. NewEdge Advisors LLC acquired a new position in Rimini Street in the 1st quarter valued at $66,000. Finally, Jane Street Group LLC raised its stake in Rimini Street by 120.2% in the 1st quarter. Jane Street Group LLC now owns 33,179 shares of the company's stock valued at $115,000 after purchasing an additional 18,112 shares during the last quarter. 73.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Roth Capital set a $6.50 price objective on Rimini Street and gave the stock a "buy" rating in a research report on Thursday, July 10th.

About Rimini Street

Rimini Street, Inc provides enterprise software products, services, and support. The company engages in the provision of support 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, a mission-critical support for Oracle, SAP, proprietary and open-source database, and technology software; Rimini Manage, a suite of managed services for application and database software; Rimini Protect, a suite of personalized software security services and solutions; and Rimini Connect, a suite of managed interoperability solutions for browsers, operating systems, and email systems.