Rimini Street Inc Class A (RMNI)

Over the past six months, Rimini Street's stock price has decreased by 23.53%. Q3 2025 financial results fell short of analysts' expectations. Several research firms adjusted their outlook on RMNI, reiterating hold ratings, lowering target prices, or downgrading the stock. Rimini Street announced additional stock repurchase transactions, having repurchased 975,000 shares. The CFO sold 53,882 shares of Rimini Street common stock. The resolution of litigation with Oracle has been noted as a positive development, but the company is winding down its PeopleSoft support services.

Specific seasonal patterns for the demand of Rimini Street's products and services are not explicitly detailed. The company's offerings are described as countercyclical, suggesting increased demand during economic slowdowns. Managed services showed increasing projections in IT budgets, indicating a steady demand for outsourced IT operations. The company's focus on cost savings and optimizing existing IT investments positions it well to address ongoing client needs.

Rimini Street, Inc. is a global provider of enterprise software support services, offering a cost-effective alternative to traditional vendor support. The company specializes in third-party support services for enterprise software products from Oracle, SAP, JD Edwards, PeopleSoft, Siebel, VMware, IBM, Microsoft, and Salesforce. Its solutions help clients run, manage, support, customize, connect, protect, monitor, and optimize their enterprise software, aiming to extend the life of existing systems, reduce costs, and enable resource reallocation towards strategic projects. Rimini Street serves a diverse client base, including Fortune 500 and Fortune Global 100 companies across various industries.

Rimini Street is headquartered in Las Vegas, Nevada, and has a significant global presence. The company operates across North America, Latin America, Europe, Asia-Pacific, Africa, and the Middle East. It maintains offices in numerous countries, including Brazil, Canada, Mexico, the Netherlands, France, Germany, Israel, Poland, Sweden, United Arab Emirates, and the United Kingdom, with additional operations in several U.S. states.

Rimini Street has maintained a positive brand reputation over the past year, marked by industry recognition and strategic initiatives. The company received Silver Stevie Awards for Sales & Customer Service and an award for Best AI-based Customer Service Solution of the Year. A global survey revealed an intensifying demand among C-suite leaders for faster innovation, higher ROI, and stronger business resilience, aligning with Rimini Street's value proposition. The settlement of litigation with Oracle has also contributed to restoring confidence in the company.

Institutional investors collectively own approximately 73.75% of Rimini Street's stock, while insiders hold around 41.20%. Major institutional owners include Adams Street Partners Llc, Conifer Management, L.L.C., and Vanguard Group Inc, among others. Key individual insider owners include Seth A. Ravin, Gpiac LLC, and Michael L. Perica.