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

Rimini Street (NASDAQ:RMNI - Get Free Report) is expected to be releasing its Q2 2025 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 Stock Performance

Shares of Rimini Street stock traded up $0.03 during trading hours on Friday, reaching $4.68. The company's stock had a trading volume of 188,789 shares, compared to its average volume of 324,425. Rimini Street has a one year low of $1.53 and a one year high of $5.38. The company's 50 day simple moving average is $3.79 and its 200 day simple moving average is $3.46. The stock has a market cap of $429.55 million, a P/E ratio of -12.65 and a beta of 1.31.

Insider Buying and Selling

In other news, CFO Michael L. Perica sold 28,319 shares of the firm's stock in a transaction dated 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 owned 237,361 shares in the company, valued at $778,544.08. This trade represents a 10.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Steven Hershkowitz sold 24,974 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $3.47, for a total transaction of $86,659.78. Following the completion of the transaction, the executive vice president directly owned 75,025 shares of the company's stock, valued at $260,336.75. This trade represents a 24.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,325 shares of company stock valued at $425,651. Company insiders own 41.20% of the company's stock.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

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

Rimini Street Company Profile

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.