--- title: "Rimini Street (NASDAQ:RMNI) CEO Seth Ravin Sells 3,080 Shares" type: "News" locale: "en" url: "https://longbridge.com/en/news/278155670.md" description: "Rimini Street, Inc. (NASDAQ:RMNI) CEO Seth Ravin sold 3,080 shares at an average price of $3.72, totaling $11,457.60. Post-sale, he owns 682,125 shares valued at approximately $2,537,505, marking a 0.45% decrease in his position. The transaction was disclosed to the SEC. The stock traded down to $3.58 with a market cap of $328.14 million. Analysts have given the stock an average rating of \"Hold\" with a price target of $5.75. Institutional investors hold 73.75% of the stock, with recent increases in holdings from several large investors." datetime: "2026-03-06T19:10:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278155670.md) - [en](https://longbridge.com/en/news/278155670.md) - [zh-HK](https://longbridge.com/zh-HK/news/278155670.md) --- # Rimini Street (NASDAQ:RMNI) CEO Seth Ravin Sells 3,080 Shares Rimini Street, Inc. (NASDAQ:RMNI - Get Free Report) CEO Seth Ravin sold 3,080 shares of the company's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $3.72, for a total value of $11,457.60. Following the sale, the chief executive officer owned 682,125 shares of the company's stock, valued at approximately $2,537,505. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. ## Rimini Street Stock Performance Shares of NASDAQ RMNI traded down $0.13 during mid-day trading on Friday, reaching $3.58. The company had a trading volume of 197,675 shares, compared to its average volume of 365,487. The firm has a market cap of $328.14 million, a price-to-earnings ratio of 8.95 and a beta of 1.28. The business's 50-day simple moving average is $3.58 and its 200 day simple moving average is $4.02. Rimini Street, Inc. has a one year low of $2.79 and a one year high of $5.38. ## Institutional Inflows and Outflows Large investors have recently modified their holdings of the company. Boston Partners increased its holdings in Rimini Street by 37.1% in the 2nd quarter. Boston Partners now owns 347,915 shares of the company's stock worth $1,312,000 after purchasing an additional 94,160 shares in the last quarter. Voss Capital LP bought a new stake in shares of Rimini Street during the second quarter worth about $942,000. Brooktree Capital Management increased its stake in shares of Rimini Street by 0.4% in the second quarter. Brooktree Capital Management now owns 3,902,223 shares of the company's stock valued at $14,711,000 after buying an additional 15,770 shares during the period. Samjo Management LLC raised its holdings in Rimini Street by 142.5% in the 2nd quarter. Samjo Management LLC now owns 485,000 shares of the company's stock valued at $1,828,000 after buying an additional 285,000 shares during the last quarter. Finally, Formula Growth Ltd. acquired a new stake in Rimini Street during the 2nd quarter worth approximately $754,000. 73.75% of the stock is currently owned by institutional investors. ## Analyst Upgrades and Downgrades * * * * * * A number of analysts have recently weighed in on the stock. TD Cowen raised shares of Rimini Street to a "hold" rating in a report on Monday, February 23rd. Weiss Ratings restated a "hold (c)" rating on shares of Rimini Street in a research note on Monday, December 29th. Finally, Wall Street Zen cut Rimini Street from a "buy" rating to a "hold" rating in a report on Saturday, November 8th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $5.75. **Get Our Latest Stock Report on RMNI** ## About Rimini Street (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. Founded in 2005 by technology entrepreneur Seth Ravin, Rimini Street has grown from a startup into a publicly traded company following its initial public offering in March 2018. ## Further Reading - Five stocks we like better than Rimini Street - BNZI stands out as a Zacks Buy. Earnings momentum and analyst upgrades align - “Fed Proof” Your Bank Account with THESE 4 Simple Steps - What a Former CIA Agent Knows About the Coming Collapse - Your name isn't on our protected list yet - What Expenses Can Be Deducted From Capital Gains Tax This Year? _This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to \[email protected\]._ Insider Buying or Selling at Rimini Street? Sign-up to receive InsiderTrades.com's daily insider buying and selling report for Rimini Street and related companies. From Our Partners BNZI stands out as a Zacks Buy. Earnings momentum and analyst upgrades align Banzai International (NASDAQ: BNZI) recently earned a Zacks Rank #2 (Buy), placing it in the top 20% of over 4... Huge Alerts “Fed Proof” Your Bank Account with THESE 4 Simple Steps Starting as soon as a few months from now, the United States government will make a sweeping change to bank ac... Weiss Ratings What a Former CIA Agent Knows About the Coming Collapse This isn’t just another gold investing book—it’s a survival playbook written by a former CIA officer trained... Advantage Gold What Expenses Can Be Deducted From Capital Gains Tax This Year? 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