Rimini Street (RMNI) Set to Announce Quarterly Earnings on Thursday

Rimini Street (NASDAQ:RMNI) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 8th. Analysts expect Rimini Street to post earnings of $0.02 per share for the quarter.

Shares of RMNI stock opened at $6.86 on Tuesday. Rimini Street has a 1-year low of $4.00 and a 1-year high of $9.75.

In related news, CFO Thomas B. Sabol purchased 5,000 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was bought at an average price of $5.31 per share, with a total value of $26,550.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin Maddock sold 31,100 shares of the stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $6.76, for a total value of $210,236.00. The disclosure for this sale can be found here. In the last three months, insiders bought 12,000 shares of company stock valued at $61,300 and sold 414,525 shares valued at $2,231,987.

An institutional investor recently bought a new position in Rimini Street stock. Bank of New York Mellon Corp purchased a new stake in Rimini Street Inc (NASDAQ:RMNI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,615 shares of the company’s stock, valued at approximately $116,000. Hedge funds and other institutional investors own 41.39% of the company’s stock.

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Rimini Street Company Profile

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.

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