Rimini Street EVP Nancy Lyskawa sells shares worth $8,608

LAS VEGAS—Nancy Lyskawa, Executive Vice President and Chief Client Officer at Rimini Street , Inc. (NASDAQ:RMNI), executed a series of stock transactions on March 3, 2025, according to a recent SEC filing. The transactions come as the stock shows strong momentum, with shares up nearly 100% over the past six months and currently trading at $3.48.

Lyskawa sold 2,474 shares of Rimini Street common stock at an average price of $3.4797 per share, amounting to a total transaction value of $8,608. This sale was an automatically-triggered "sell-to-cover" transaction to fulfill tax obligations related to the vesting of Restricted Stock Units (RSUs) and was not initiated by Lyskawa herself. According to InvestingPro data, analysts maintain a positive outlook on RMNI, with price targets ranging from $3.50 to $7.00 per share.

In addition to the sale, Lyskawa acquired 6,667 shares through the vesting of RSUs, with no cash changing hands for this transaction. Following these transactions, Lyskawa holds 137,488 shares of Rimini Street common stock. While the company currently shows mixed financial indicators, InvestingPro analysis suggests net income growth is expected this year, with analysts forecasting a return to profitability.

In other recent news, Rimini Street Inc. reported its Q4 2024 earnings, revealing a revenue of $114.2 million, which surpassed analyst forecasts of $102.51 million. The company’s earnings per share (EPS) met expectations at $0.07. Despite the revenue beat, the full-year revenue experienced a slight decline of 0.6% to $428.8 million. Alliance Global Partners (NYSE:GLP) upgraded Rimini Street’s stock from Neutral to Buy, raising the price target significantly from $2.25 to $6.50, citing anticipated cash recovery from Oracle (NYSE:ORCL) and a stronger profit forecast.

Additionally, Rimini Street appointed Jay Snyder to its Audit Committee, restoring compliance with Nasdaq’s audit committee requirements. This move comes after a period of noncompliance due to a previous resignation. The company has also been focusing on expanding its service offerings and strategic partnerships, such as its collaboration with ServiceNow (NYSE:NOW), aiming to drive future growth. Rimini Street’s litigation with Oracle remains a focal point, with the company expecting to recover $58 million in cash over the coming quarters. These developments highlight Rimini Street’s efforts to enhance its financial stability and growth potential.

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