Rimini Street Inc stock (US7715651036): ERP-support specialist in focus after latest earnings
Rimini Street Inc, an ERP-support specialist, is gaining attention from value-oriented US investors following its latest quarterly results and updates on demand for third-party support for SAP and Oracle systems. The company's business model revolves around subscription-based support and managed services, offering an alternative to traditional vendor contracts by aiming for lower total cost of ownership and longer support lifecycles. Key revenue drivers include maintenance contracts for various SAP and Oracle environments, cross-selling managed services, and geographic expansion, though the company faces competition and legal scrutiny regarding its third-party support model.
Rimini Street reports CFOs push back on SAP upgrade mandates
Rimini Street reports that Chief Financial Officers are increasingly challenging the necessity of immediate SAP system upgrades. Many finance leaders, having stabilized their ERP investments, are reluctant to restart major capital expenditures due to concerns about risk, cost, and the need for another transformation cycle. This resistance aligns with recent survey findings from Rimini Street, indicating that IT leaders are delaying innovation and seeking AI solutions outside of primary vendors.
ERP roadmaps face AI-driven upheaval as Rimini Street warns on data readiness
Rimini Street emphasizes that successful AI integration in ERP requires robust data foundations and strategic planning, rather than just implementing new technologies. The company highlights that organizations without proper data modernization efforts will struggle to gain value from AI, citing Gartner research. Rimini Street also noted recent growth in its core support during fiscal Q1 2026 and findings from a survey indicating many IT leaders are delaying innovation or seeking alternative AI vendors.
LUCID CAPITAL MARKETS Initiates Coverage of Rimini Street (RMNI) with Buy Recommendation
LUCID CAPITAL MARKETS has initiated coverage of Rimini Street (NASDAQ: RMNI) with a "Buy" recommendation and set a price target of $10.00. This new coverage suggests a positive outlook on the company's stock performance.
LUCID CAPITAL MARKETS Initiates Coverage of Rimini Street (RMNI) with Buy Recommendation
This article announces that LUCID CAPITAL MARKETS has initiated coverage of Rimini Street (RMNI) with a "Buy" recommendation. The report comes from StreetInsider.com.
Rimini Street (RMNI) price target increased by 12.00% to 6.43
This article reports that analysts have increased their price target for Rimini Street (RMNI) by 12.00% to 6.43. The content of the article is not available beyond this headline.
Rimini Street Inc stock (US7715651036): earnings momentum and legal overhang in focus
Rimini Street Inc has provided new quarterly results and information on its legal and cash status, highlighting its growth, margins, and ongoing legal risks. The company operates as a third-party maintenance provider for major software vendors like Oracle and SAP, emphasizing recurring revenue from multi-year support contracts. While the business model offers alternatives to vendor maintenance, it faces competitive and litigation challenges.
Rimini Street (RMNI) price target increased by 12.00% to 6.43
The article reports that Rimini Street's (RMNI) price target has been increased by 12.00%, raising it to $6.43. This update indicates a revised outlook on the company's stock valuation.
RMNI: Agentic AI ERP focus drives growth, large deals, and C-suite engagement for modernization
Rimini Street, Inc. (RMNI) has repositioned itself as a leader in Agentic AI ERP, driving growth through an expanded market presence and the launch of customizable AI solutions. This shift is resulting in strong financial momentum, evidenced by increased RPO and large deal activity, and shortening sales cycles due to greater C-suite engagement. The company's strategy involves modernizing client ERP systems without requiring forced upgrades.
Number of shareholders of Rimini Street Inc Class A – LSX:A2GSYB
The article displays the number of shareholders for Rimini Street Inc Class A (LSX:A2GSYB) on TradingView. It presents a table showing "Period," "Value," "Change," and "Change %" for shareholder data, though no specific values are provided in the content. The page also features general market data and navigation options related to the company's financials, news, and technical analysis.
Rimini Street (RMNI) CMO stock sold automatically to cover taxes
Rimini Street's EVP & Chief Marketing Officer, David W. Rowe, exercised and converted 20,728 Performance Units and Restricted Stock Units into common stock on May 6, 2026. To cover tax withholding obligations, 7,485 shares were automatically sold in open-market transactions at an average price of $3.9356 per share. This was a non-discretionary "sell-to-cover" transaction initiated under the company's tax-withholding policy.
David Rowe Sells 7,485 Shares of Rimini Street (NASDAQ:RMNI) Stock
Rimini Street's CMO, David Rowe, sold 7,485 shares of RMNI stock on May 6th for approximately $29,491 to cover tax obligations from vested equity awards. After the sale, Rowe still owns 498,119 shares, valued at about $1.96 million. The stock currently holds a consensus "Hold" rating from analysts with an average price target of $5.50.
Rimini Street EVP Kevin Maddock sells $29,457 in shares
Kevin Maddock, EVP at Rimini Street (NASDAQ:RMNI), sold 7,485 shares worth approximately $29,457 on May 6, 2026. These "sell-to-cover" transactions were automatically triggered to meet tax obligations from the vesting of Restricted Stock Units and Performance Units. Preceding these sales, Maddock acquired 20,728 shares through vesting, and he now directly holds 213,534 shares in the company.
[Form 4] Rimini Street, Inc. Insider Trading Activity
Kevin Maddock, EVP and Chief Recurring Revenue Officer of Rimini Street, Inc. (RMNI), reported the vesting of 20,728 restricted stock units and performance units on May 6, 2026. Simultaneously, 7,485 shares were automatically sold at $3.9356 each in a "sell-to-cover" transaction to satisfy tax withholding obligations, as specified by company policy and not initiated by Maddock. This activity resulted in a net sell of 7,485 shares worth $29,458 due to tax-related share sales.
Rimini Street (NASDAQ: RMNI) CEO logs equity vesting and tax sell-to-cover trades
Rimini Street (NASDAQ: RMNI) CEO Seth A. Ravin reported exercising performance and restricted stock units, resulting in 142,509 common shares. To cover associated withholding taxes, 57,097 shares were automatically sold at approximately $3.94 per share, a transaction he did not initiate. Following these events, Ravin indirectly holds 10,491,309 shares through the SAR Trust.
Rimini Street (RMNI) CFO executes tax sell-to-cover and equity vesting
Rimini Street, Inc.'s CFO, Michael L. Perica, engaged in automatic "sell-to-cover" transactions on May 6, 2026, disposing of 27,737 shares at $3.9356 each to fulfill tax obligations. Concurrently, he exercised or converted 69,095 performance and restricted stock units into common stock. These actions were routine equity compensation events, with Perica directly holding 185,600 shares of common stock afterward.
Rimini Street CEO Ravin sells $224,710 in shares By Investing.com
Rimini Street, Inc. CEO Seth A. Ravin sold 57,097 shares of common stock for approximately $224,710 on May 6, 2026. These "sell-to-cover" transactions were automatically triggered to satisfy tax obligations related to the vesting of RSUs and Performance Units, and Mr. Ravin did not initiate them. The sales occurred after he acquired 142,509 shares through vesting on the same date, and he now directly holds 882,900 shares and indirectly owns 10,491,309 shares.
Rimini Street EVP Nancy Lyskawa sells $23,593 in company stock
Nancy Lyskawa, EVP at Rimini Street, sold 5,995 shares of company stock worth approximately $23,593. These "sell-to-cover" transactions were triggered to satisfy tax obligations related to the vesting of Restricted Stock Units and Performance Units, which she acquired on the same day for $0.00 per share. Lyskawa now holds 233,509 shares of Rimini Street common stock, and the company recently reported mixed Q1 2026 results with a revenue beat but an EPS miss.
Rimini Street EVP & CFO Perica sells $109,161 in common stock
Michael L. Perica, EVP and CFO of Rimini Street, Inc., sold 27,737 shares of common stock worth approximately $109,161 to cover tax obligations related to vested Restricted Stock Units (RSUs) and Performance Units. This transaction followed the acquisition of 69,095 shares through equity award vesting at a price of $0. The company's stock is currently trading at $4.02, and InvestingPro data suggests it is undervalued.
Rimini Street EVP David Rowe sells $29,457 of shares
Rimini Street (NASDAQ:RMNI) EVP David W. Rowe sold 7,485 shares worth $29,457 on May 6, 2026, to cover withholding taxes after vesting of Restricted Stock Units and Performance Units. Prior to this, Rowe acquired 20,728 shares through vesting as part of his compensation plan. He now directly holds 498,119 shares. The company recently reported mixed Q1 2026 earnings, with an EPS below expectations but revenue exceeding forecasts.
Rimini Street EVP & CFO Perica sells $109,161 in common stock
Michael L. Perica, EVP and CFO of Rimini Street, Inc. (NASDAQ:RMNI), sold 27,737 shares of common stock for $109,161 to cover tax obligations from RSU and Performance Unit vesting. These sales were automatically triggered and not initiated by Mr. Perica, who had previously acquired 69,095 shares through equity awards at no cost. The company recently reported mixed Q1 2026 earnings, with an EPS of $0.01 missing analyst expectations but revenue surpassing forecasts.
Rimini Street EVP Kevin Maddock sells $29,457 in shares
Kevin Maddock, EVP at Rimini Street, Inc. (NASDAQ:RMNI), sold 7,485 shares worth approximately $29,457 in a "sell-to-cover" transaction for tax obligations related to vesting equity. Prior to this, he acquired 20,728 shares from the vesting of Restricted Stock Units and Performance Units. Following these transactions, Maddock directly holds 213,534 shares of RMNI stock, along with additional RSUs and Performance Units.
Rimini Street CEO Ravin sells $224,710 in shares
Rimini Street, Inc. CEO Seth A. Ravin sold 57,097 shares of common stock for approximately $224,710 on May 6, 2026. These "sell-to-cover" transactions were automatically triggered to satisfy tax withholding obligations related to the vesting of Restricted Stock Units and Performance Units. Prior to this sale, Ravin acquired 142,509 shares through derivative vesting and still holds a substantial number of shares directly and indirectly.
Rimini Street, Inc. (NASDAQ:RMNI) Given Consensus Recommendation of "Hold" by Brokerages
Five analysts have issued a consensus "Hold" rating for Rimini Street, Inc. (NASDAQ:RMNI), with an average one-year price target of $5.50. Recent insider selling by executives totaled 192,376 shares worth $725,533, though insiders still own 41.20% of the company. Institutional investors hold 73.75% of the stock, which is currently trading at $3.88 with a market capitalization of $359.13 million.
Insider Sell: Michael Perica Sells 51,246 Shares of Rimini Stree
Michael Perica, Executive Vice President & Chief Financial Officer of Rimini Street Inc (RMNI), sold 51,246 shares of the company on May 1, 2026. Following this transaction, Perica now owns 116,505 shares of RMNI. Rimini Street Inc is a global provider of enterprise software products and services.
RMNI SEC Filings - Rimini Street 10-K, 10-Q, 8-K Forms
This page on Stock Titan provides comprehensive access to Rimini Street (RMNI) SEC filings, including 10-K, 10-Q, and 8-K forms, offering detailed insights into the company's financial performance, risks, legal matters, and corporate actions. It highlights the availability of AI-powered summaries for complex documents and real-time updates from EDGAR. The article details the types of information found in these filings, such as revenue metrics, client counts, and significant events like executive appointments and settlement agreements with Oracle.
Rimini Street (RMNI) CFO executes pre-planned $205K stock sale
Rimini Street, Inc.'s CFO, Michael L. Perica, sold 51,246 shares of common stock for approximately $205,000. This transaction was conducted automatically under a pre-arranged Rule 10b5-1 trading plan adopted on June 2, 2025. Following the sale, Mr. Perica still directly holds 116,505 shares, maintaining a significant stake in the company.
Rimini Street (NASDAQ: RMNI) CRO RSU vesting prompts tax sell-to-cover
Steven Hershkowitz, Rimini Street's EVP and CRO, converted 99,999 Restricted Stock Units (RSUs) into common stock. Concurrently, 24,884 shares were automatically sold at $3.8743 per share to cover withholding taxes, a transaction he did not initiate. After these events, Hershkowitz directly holds 186,992 shares of Rimini Street common stock.
Rimini Street, Inc. Just Missed Earnings - But Analysts Have Updated Their Models
Rimini Street, Inc. reported Q1 2026 revenues of US$105m, surpassing estimates, but statutory earnings per share missed expectations significantly. Despite the EPS miss, analysts have slightly increased their 2026 EPS forecasts, though the consensus price target remains unchanged at US$6.20. The company is expected to see accelerated annual growth of 5.7% to 2026, which is brighter than its past performance but still slower than the broader industry.
Rimini Street, Inc. (NASDAQ:RMNI) Q1 2026 Earnings Call Transcript
Rimini Street, Inc. (NASDAQ:RMNI) reported its Q1 2026 earnings, showcasing continued growth and accelerating momentum despite the wind-down of Oracle PeopleSoft support services. The company highlighted increased billings, expanded remaining performance obligations, and strategic investments in its next-generation Rimini Agentic AI ERP solutions. Rimini Street secured 11 new client transactions over $1 million TCV, added 50 new logos, and reiterated its full-year 2026 guidance for revenue growth and adjusted EBITDA margins.
Earnings call transcript: Rimini Street Q1 2026 sees EPS miss, revenue beat
Rimini Street (RMNI) reported mixed Q1 2026 results, with an EPS of $0.01 significantly missing the expected $0.06, but revenue slightly exceeding forecasts at $105.5 million. The stock price remained stable post-earnings, indicating a neutral market reaction, as the company continues to focus on transitioning from Oracle PeopleSoft services to AI and modernization solutions. Despite challenges like margin compression, Rimini Street maintains its full-year revenue growth guidance of 4% to 6% and is making strategic investments in its proprietary "Agentic AI ERP" solutions for long-term growth.
Rimini Street, Inc. 2026 Q1 - Results - Earnings Call Presentation (NASDAQ:RMNI) 2026-05-01
This article provides details on Rimini Street, Inc.'s Q1 2026 earnings call presentation. The company reported EPS of $0.04, missing estimates by $0.02, while revenue of $105.47 million beat estimates by $2.76 million, representing a 1.22% year-over-year increase. The content directs readers to the slide deck published in conjunction with the earnings call.
Rimini Street reiterates 2026 revenue growth 4%-6% while guiding Q2 revenue $106M-$108M
Rimini Street reiterated its 2026 revenue growth guidance of 4%-6% at an investor conference. The company also provided a Q2 revenue guidance of $106 million to $108 million. This information suggests a steady growth trajectory for Rimini Street.
Insider sale notice: RMNI (NASDAQ: RMNI) files Form 144 to sell 51,246 shares
Rimini Street, Inc. (NASDAQ: RMNI) has filed a Form 144 notice for a proposed sale of 51,246 Restricted and Performance Common Shares. This filing indicates that the securities originated from company awards and will be sold through Morgan Stanley Smith Barney LLC. Additionally, the filing reports recent open-market sales by Michael Perica totaling $197,209.03 across three dates in March and April 2026.
Rimini Street (RMNI) Q1 2026 Earnings Transcript
Rimini Street (RMNI) reported moderate top-line growth in Q1 2026, driven by an increase in large client contracts and recurring revenue, despite headwinds from the wind-down of Oracle PeopleSoft support. The company saw margin compression due to accelerated investments in strategic opportunities, particularly in its new Agentic AI ERP solutions. Management remains confident in achieving growth and profitability targets for fiscal year 2026 and is focusing on expanding its solutions-focused role in AI-driven ERP modernization.
Rimini Street Q1 2026 Earnings Call: Complete Transcript
Rimini Street (NASDAQ: RMNI) reported a 1.2% year-over-year revenue increase to $105.5 million for Q1 2026, driven by higher contract values and an expansion of its sales team. The company is strategically investing in agentic AI ERP solutions and expanding its sales force, which now exceeds 80 sellers. Rimini Street confirmed its full-year 2026 revenue growth guidance of 4-6% and adjusted EBITDA margins of 12.5-15.5%.
Rimini Street Q1 2026 slides: AI pivot amid margin pressure
Rimini Street (NASDAQ:RMNI) reported its Q1 2026 financial results, revealing a strategic pivot towards AI-driven enterprise software solutions despite facing near-term margin pressure. The company exceeded revenue expectations slightly at $105.5 million but fell short on earnings per share, primarily due to upfront investments in AI capabilities. Rimini Street aims to transform legacy ERP systems without disruptive migrations, expanding its market opportunity and projecting significant margin expansion at scale.
Earnings call transcript: Rimini Street Q1 2026 sees EPS miss, revenue beat
Rimini Street (RMNI) reported mixed results for Q1 2026, with an EPS of $0.01 significantly missing the $0.06 expectation, while revenue of $105.5 million slightly beat the forecast. Despite profitability challenges due to investments and the Oracle PeopleSoft wind-down, the company remains focused on strategic investments in AI-driven ERP solutions and expanding its market reach. The stock price remained stable post-earnings, and management expressed confidence in returning to growth and improving shareholder value.
Rimini Street Announces Fiscal First Quarter 2026 Financial and Operating Results
Rimini Street, Inc. reported its fiscal first quarter 2026 financial and operating results, showing continued growth in its core Rimini Support™ business. The company achieved Remaining Performance Obligations of $643.6 million, up 16.4% year over year, and Adjusted Calculated Billings of $92.2 million, up 22.9% year over year. Rimini Street also made a $10 million debt prepayment, reducing outstanding debt and increasing net cash, and provided second quarter 2026 revenue guidance of $106 million to $108 million.
Rimini Street Q1 2026 Earnings Call: Complete Transcript
Rimini Street Inc. reported its Q1 2026 earnings, showcasing a 1.2% revenue increase year-over-year, or 5.2% excluding PeopleSoft products. The company secured 11 new client transactions exceeding $1 million in TCV, totaling $33 million, a significant rise from the previous year. Rimini Street is focusing on agentic AI ERP solutions, expanding its sales team to over 80 sellers, and projects a 4-6% revenue growth for 2026 with adjusted EBITDA margins between 12.5-15.5%.
Rimini Street: Q1 Earnings Snapshot
Rimini Street, Inc. (RMNI) reported a Q1 profit of $1.4 million, or 1 cent per share, with adjusted earnings of 3 cents per share. The company achieved $105.5 million in revenue for the quarter and projects revenue between $106 million and $108 million for the current quarter ending in June. This financial update highlights the company's performance and near-term outlook.
Press Release: Rimini Street Announces Fiscal First Quarter 2025 Financial and Operating Results
Rimini Street announced its fiscal first quarter 2025 financial and operating results, detailing revenue, growth, and other key business metrics. The company reported its performance for the quarter, highlighting achievements and financial indicators. The release provides an overview of Rimini Street's business health and operational success during the specified period.
TD Cowen Cuts Rimini Street (NASDAQ:RMNI) Price Target to $4.00
TD Cowen has reduced its price target for Rimini Street (NASDAQ:RMNI) to $4.00 from $4.25, while maintaining a "hold" rating, suggesting a potential 14.45% upside. This adjustment comes amid recent insider selling, with the CEO and EVP selling a significant number of shares, although insiders still own 41.20% of the company. Rimini Street's stock is currently trading around $3.50, with a market capitalization of $320.35 million.
Rimini Street (NasdaqGM:RMNI) Stock Forecast & Analyst Predictions
Rimini Street (NasdaqGM:RMNI) is forecast to have declining earnings at 7.9% per annum and EPS by 11.8% per annum, while revenue is expected to grow at 4.5% per year. Analysts have recently trimmed price targets due to updated assumptions, but new enterprise wins, ongoing buybacks, and AI automation projects are seen as potential future upsides. Despite these factors, analysts note issues such as legal risks and the stock's valuation.
Rimini Street survey finds 47 percent of IT leaders delayed innovation, 53 percent turn to AI vendors
A survey commissioned by Rimini Street and conducted by IDC revealed that 47% of IT leaders have postponed innovation initiatives due to upgrade requirements. Conversely, 53% of organizations are leveraging AI capabilities from alternative vendors to reduce costs and enhance flexibility. This trend highlights the increasing pressure on the IT sector to modernize and adapt to evolving technological demands.
Rimini Street (RMNI) Expected to Announce Earnings on Thursday
Rimini Street (RMNI) is scheduled to announce its Q1 2026 earnings after market close on Thursday, April 30th, with analysts forecasting an EPS of $0.08 and revenue of $102.713 million. The company has seen significant insider selling, with the CEO and CFO reducing their stakes, and collectively, insiders have sold 116,246 shares in the last three months. RMNI currently trades around $3.66, has a market cap of $335.49 million, and holds a consensus "Hold" rating from Wall Street analysts with a target price of $5.75.
Rimini Street gibt Investorentermine für das Jahr 2026 bekannt
Rimini Street, Inc. (Nasdaq: RMNI) announced its upcoming investor events for 2026. The company's CFO, Michael Perica, and VP of Investor Relations, Dean Pohl, will participate in several conferences and presentations, including the Needham 21st Annual Technology, Media, & Consumer Conference, the TD Cowen 46th Annual Technology, Media & Telecom Conference, and the Craig-Hallum 23rd Annual Institutional Investor Conference. Further details and webcast links are available on Rimini Street's investor relations website.
Rimini Street Announces Upcoming 2026 Investor Events Schedule
Rimini Street, Inc. (Nasdaq: RMNI) has announced its upcoming 2026 investor events schedule, featuring participation in three technology conferences in May 2026. CFO Michael Perica and VP Dean Pohl will engage in one-on-one meetings and present at the Needham Co. 21st Annual Technology, Media, & Consumer Conference, the TD Cowen 54th Annual Technology, Media & Telecom Conference, and the Craig-Hallum 23rd Annual Institutional Investor Conference. The company, a leading third-party support provider for Oracle, SAP, and VMware software, invites interested parties to schedule meetings.
Rimini Street Announces 2026 Investor Events Schedule
Rimini Street (Nasdaq: RMNI) has announced its 2026 investor events schedule, featuring executive participation from CFO Michael Perica and VP Dean Pohl at major conferences like Needham Co., TD Cowen, and Craig-Hallum in May. The company will highlight its position as a leading third-party support provider for Oracle, SAP, and VMware, and promote its Agentic AI ERP offerings and Rimini Smart Path methodology as key growth drivers. This investor outreach is part of a coordinated calendar, including recent ROTH Capital participation and upcoming Q1 financial results.
Rimini Street Announces Upcoming 2026 Investor Events Schedule
Rimini Street, Inc. (Nasdaq: RMNI) has announced its upcoming 2026 Investor Events Schedule. Michael Perica, CFO, and Dean Pohl, VP, Treasurer and Investor Relations, will participate in one-on-one and small group meetings, as well as present in live webcast sessions. Details of the events are available in a full multimedia press release.
