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Michael L. Perica disposes of 13,368 Rimini Street, Inc. (NASDAQ:RMNI) shares.

Originally published on Best Stocks

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Michael L. Perica, who is currently serving as the chief financial officer of Rimini Street, Inc., was the one who sold 13,368 shares of the company’s stock on Saturday. The stock’s ticker symbol is NASDAQ: RMNI. During the transaction, the shares of the stock were sold for a total of $66,037.92, which works out to an average price of $4.94 per share. Following the completion of the transaction, the chief financial officer will have a direct ownership interest in 57,145 shares of the company. At the moment, these shares have a value of $282,296.30. The Securities and Exchange Commission was provided with legal documentation regarding the transaction. After that, these papers were uploaded to the website of the SEC. Deposit $100 and get a $110 to trade stocks
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On August 3, the results of Rimini Street’s most recent quarterly financial report were released and announced under the ticker symbol NASDAQ: RMNI. The company’s quarterly earnings came in at $0.03 per share, which was $0.08 less than the average forecast provided by analysts, who predicted that the company would earn $0.11 per share for the quarter. Both the return on equity and the net margin for the company were below 20%. The return on equity was 96.56%, and the net margin was 19.08%. The company’s revenue for the quarter was significantly higher than the analysts’ prediction of $99.86 million, coming in at $101.20 million instead of just $99.86 million. This year, Rimini Street, Inc. is anticipated to generate $0.28 in earnings per share, which is by the projections made by the researchers.
Recent months have seen several hedge funds and institutional investors adjust the proportion of their company’s stock. The Essex Investment Management Co., LLC expanded its presence on Rimini Street during the second quarter by opening a new position with a yearly salary of $25,000. Point72 Hong Kong Limited invested approximately $33,000 in a new location on Rimini Street during the first three months of 2018. Amalgamated Bank invested approximately $42,000 over the first three months of the year to acquire a new location on Rimini Street. Quantbot Technologies LP invested in a new piece of real estate on Rimini Street during the first three months of 2018. Approximately $49,000 was needed to cover all of the investment’s expenses. Finally, during the first three months of this year, Koshinski Asset Management Inc. made a new investment in Rimini Street that cost them close to $55,000. At the bottom of the list, this item is by no means the least important. To 70.34 percent, the company shares are held in custody by institutional investors and hedge funds.

The price of one share of RMNI stock increased by $0.05 on Tuesday, reaching $5.04 in the process. There were 363,248 trades in the company’s shares, which is significantly lower than the company’s average volume of 468,781 shares. Rimini Street, Inc. has seen its share price go as low as $4.19 and as high as $11.52 over the past year. The company has a price-to-earnings ratio of 7, its price-to-earnings-growth ratio is 1.66, and its beta value is 0.91. The market capitalization of the company is $441.25 million. The company’s moving average price over the previous 50 days is $5.33, and the moving average price over the previous 200 days is $5.78.

Alliance Global Partners said in a separate report sent out on September 19 that they would lower the price goal they had set for Rimini Street from $8.50 to $7.00.

Rimini Street, Inc. is an enterprise software company that provides its products, services, and support to customers across various industries. In addition, the company offers support services for software used in enterprise programs such as SAP and Oracle products. The company mainly gets its products to North America, South America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific region through direct sales organizations.

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