Rimini Street (NASDAQ:RMNI) CEO Seth Ravin Sells 57,097 Shares

08 May 2026, 21:22 by Teresa Graham · The Cerbat Gem

Rimini Street, Inc. (NASDAQ:RMNI – Get Free Report) CEO Seth Ravin sold 57,097 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $3.94, for a total value of $224,962.18. Following the completion of the sale, the chief executive officer owned 882,900 shares in the company, valued at approximately $3,478,626. This represents a 6.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Rimini Street Stock Performance

Shares of NASDAQ:RMNI traded up $0.08 during midday trading on Friday, reaching $4.02. 594,815 shares of the company’s stock traded hands, compared to its average volume of 441,479. Rimini Street, Inc. has a 1 year low of $2.87 and a 1 year high of $5.38. The company has a market cap of $372.09 million, a P/E ratio of 10.86 and a beta of 1.27. The company has a fifty day simple moving average of $3.46 and a two-hundred day simple moving average of $3.70.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in Rimini Street by 96.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,944 shares of the company’s stock valued at $47,000 after purchasing an additional 4,891 shares in the last quarter. Invesco Ltd. lifted its holdings in Rimini Street by 37.2% in the 4th quarter. Invesco Ltd. now owns 22,105 shares of the company’s stock valued at $86,000 after purchasing an additional 5,998 shares in the last quarter. Quarry LP purchased a new position in Rimini Street in the 3rd quarter valued at $31,000. Barclays PLC lifted its holdings in Rimini Street by 10.6% in the 4th quarter. Barclays PLC now owns 75,893 shares of the company’s stock valued at $294,000 after purchasing an additional 7,271 shares in the last quarter. Finally, Occudo Quantitative Strategies LP lifted its holdings in Rimini Street by 32.5% in the 2nd quarter. Occudo Quantitative Strategies LP now owns 32,596 shares of the company’s stock valued at $123,000 after purchasing an additional 7,998 shares in the last quarter. Hedge funds and other institutional investors own 73.75% of the company’s stock.

Rimini Street News Roundup

Here are the key news stories impacting Rimini Street this week:

Positive Sentiment: Several executive stock sales were explicitly disclosed as transactions made to cover tax withholding obligations from vesting equity awards, which can reduce concern that insiders are cashing out for negative reasons. SEC filing for Nancy Lyskawa sale
Positive Sentiment: Rimini Street’s stock has been trading above both its 50-day and 200-day moving averages, suggesting recent momentum has improved versus earlier in the year.
Neutral Sentiment: EVP Nancy Lyskawa sold 5,995 shares, EVP Kevin Maddock sold 7,485 shares, CMO David W. Rowe sold 7,485 shares, and CFO Michael L. Perica sold 27,737 shares at $3.94 per share; all were reported as tax-withholding sales related to vesting equity awards. SEC filing for Kevin Maddock sale SEC filing for David W. Rowe sale SEC filing for Michael L. Perica sale
Negative Sentiment: Zacks Research downgraded Rimini Street from “hold” to “strong sell,” which is likely weighing on sentiment and may pressure the shares. Zacks downgrade article

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on RMNI shares. Alliance Global Partners reiterated a “buy” rating on shares of Rimini Street in a research report on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Rimini Street in a research report on Friday, March 27th. Zacks Research lowered Rimini Street from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, TD Cowen increased their target price on Rimini Street from $4.00 to $4.50 and gave the company a “hold” rating in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.50.

Get Our Latest Research Report on Rimini Street

Rimini Street Company Profile

(Get Free Report)

Rimini Street, Inc (NASDAQ: RMNI) is a provider of enterprise software support services, specializing in third-party maintenance for mission-critical applications from leading technology vendors. The company offers comprehensive support for ERP, CRM and database environments, with coverage for systems from providers such as Oracle and SAP. Through its proactive system monitoring, performance tuning, regulatory and tax update services, Rimini Street aims to extend the lifecycle of enterprise applications while delivering service levels comparable to or exceeding those of original software vendors.