Rimini Street (RMNI)

• Market cap: $250M
• 1 day: -2.48%
• 5 days: 1.85%
• 1 month: 0.73%
• 3 months: 58.05%
• 6 months: -9.24%
• Year to date: 8.70%
• 1 year: -17.66%
• 5 years: -40.86%
• 10 years: -71.79%
• Sector: Industrials
• Industry: Business Services

About: Rimini Street Inc is a provider of enterprise software support products and services and a third-party support provider for Oracle and SAP software products based in the United States. The company offers solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize clients' enterprise applications, databases, and technology software platforms. Some of its products include Oracle E-business suite, Oracle Database, Peoplesoft, SAP business suite, and others. The company derives maximum revenue from United states.

Employees: 2,120

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

300% more call options, than puts

Call options by funds: $4K | Put options by funds: $1K

8% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 12

1.28% less ownership

Funds ownership: 67.83% [Q2] → 66.55% (-1.28%) [Q3]

3% less funds holding

Funds holding: 99 [Q2] → 96 (-3) [Q3]

16% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 32

25% less funds holding in top 10

Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]

41% less capital invested

Capital invested by funds: $188M [Q2] → $112M (-$76.7M) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $6 118% upside
• Avg. target: $6 118% upside
• High target: $6 118% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Craig-Hallum Jeff Van Rhee 75% 1-year accuracy 12 / 16 met price target

118% upside $6

Buy Upgraded

17 Dec 2024