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

Rimini Street (NASDAQ:RMNI) is set to issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Rimini Street (NASDAQ:RMNI) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. Rimini Street had a negative return on equity of 63.89% and a net margin of 6.04%. The firm had revenue of $112.11 million for the quarter, compared to analysts’ expectations of $105.95 million.

Rimini Street Stock Down 3.6 %

RMNI stock opened at $2.66 on Wednesday. The business’s 50-day moving average price is $3.03 and its 200-day moving average price is $3.03. Rimini Street has a twelve month low of $2.01 and a twelve month high of $5.32. The stock has a market cap of $239.13 million, a P/E ratio of 9.17 and a beta of 1.23.

Insider Activity

In other news, CEO Seth A. Ravin sold 82,071 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $2.98, for a total transaction of $244,571.58. Following the transaction, the chief executive officer now owns 425,955 shares of the company’s stock, valued at approximately $1,269,345.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP David W. Rowe sold 10,888 shares of Rimini Street stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $2.98, for a total transaction of $32,446.24. Following the completion of the transaction, the executive vice president now directly owns 385,941 shares in the company, valued at $1,150,104.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Seth A. Ravin sold 82,071 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $2.98, for a total value of $244,571.58. Following the completion of the sale, the chief executive officer now directly owns 425,955 shares in the company, valued at $1,269,345.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 150,202 shares of company stock valued at $450,113. 41.32% of the stock is currently owned by insiders.

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.