Rimini Street (NASDAQ:RMNI) announced its quarterly earnings data on Thursday. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.08, Morningstar.com reports. The company had revenue of $62.63 million during the quarter.
Shares of NASDAQ RMNI traded down $0.47 during midday trading on Friday, hitting $5.98. The company had a trading volume of 60,411 shares, compared to its average volume of 31,448. Rimini Street has a twelve month low of $4.00 and a twelve month high of $9.23.
In related news, CFO Thomas B. Sabol acquired 5,000 shares of Rimini Street stock in a transaction that occurred on Friday, August 17th. The stock was purchased at an average price of $5.31 per share, for a total transaction of $26,550.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kevin Maddock sold 31,100 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $6.76, for a total transaction of $210,236.00. The disclosure for this sale can be found here. In the last quarter, insiders purchased 12,000 shares of company stock valued at $61,300 and sold 414,525 shares valued at $2,231,987.
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About Rimini Street
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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