10 Stocks Insiders Sold in April After Trump’s Tariff Rollout

8. Rimini Street, Inc. (NASDAQ:RMNI)

Rimini Street provides support and managed services for enterprise software, specializing in Oracle and SAP systems. Their offerings include a wide range of integrated solutions to manage, protect, and optimize software for global Fortune 500 and Global 100 companies.

In 2024, the company had revenue of $428.8 million, down by 0.6% from $431.5 million in 2023. Gross margin was 60.9%, compared to 62.3% for 2023. Operating loss was $32.1 million, which compares to operating income of $43.8 million in the previous year. Net loss amounted to $36.3 million, compared to net income of $26.1 million for 2023. Adjusted EBITDA was a gain of $53.1 million, down from $71.9 million in the prior year.

On April 3, five insiders, including the company’s CEO, CFO, sold approximately $561,127 worth of Rimini Street shares at an average price of $3.19 per share. Year-to-date, the stock grew 30.71% to $3.49. Over the past 12 months, Rimini Street shares returned 19.93% to its investors.

According to MarketBeat, two analysts rate Rimini Street stock as “Buy” with a price target of $6.00, suggesting an upside of 50.43%.