S&P 500 slips on report Fed’s Waller leading race to replace Powell; tech shines
Rimini Street (NASDAQ:RMNI), which has seen its stock surge 115% over the past year despite a recent 15% weekly decline, reported that Executive Vice President, Chief Recurring Revenue Officer, Kevin Maddock, sold 1,222 shares of common stock on August 2, 2025, at a price of $4.0648, for a total transaction value of $4,967. According to InvestingPro analysis, the stock currently appears undervalued, with analysts setting price targets between $6 and $7.
On the same day, Maddock also exercised options to acquire 3,334 shares of Rimini Street common stock at a price of $0. These options stemmed from restricted stock units. With analysts forecasting profitability this year and positive net income growth, InvestingPro subscribers can access 8 additional key insights about Rimini Street’s financial health and growth prospects through the comprehensive Pro Research Report.
In other recent news, Rimini Street Inc. reported its financial results for the second quarter of 2025, exceeding earnings expectations significantly. The company’s earnings per share were $0.32, which was much higher than the projected $0.08. Additionally, Rimini Street’s revenue slightly surpassed forecasts, reaching $104.1 million compared to the anticipated $103.08 million. These developments highlight the company’s strong performance in the quarter. Despite the positive earnings surprise, the stock experienced a minor decline in aftermarket trading. Investors and analysts might be interested in how these results will influence future projections and strategies. These recent developments provide a snapshot of Rimini Street’s current financial standing.
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