We recently published a list of 10 Stocks Insiders Sold in April After Trump’s Tariff Rollout. In this article, we are going to take a look at where Rimini Street, Inc. (NASDAQ:RMNI) stands against other stocks that insiders sold in April after Trump’s tariff rollout.
Last week, President Donald Trump signed an executive order imposing a minimum 10% tariff on all U.S. imports, with certain exceptions. A 104% tariff on Chinese imports took effect, and Beijing said Wednesday it would raise levies on U.S. imports to 84% from 34%.
Treasury Secretary Scott Bessent told bankers that the economy is “in pretty good shape” while somewhat earlier JPMorgan chief Jamie Dimon expressed a more pessimistic view, warning that a recession could be on the horizon, according to the Wall Street Journal.
The Bank of England warned that US tariff announcements contribute to a “material increase in risks to global growth” and inflation levels, reports The Guardian.
Then, in an unexpected turn of events, the President announced Wednesday a complete three-month pause on all the “reciprocal” tariffs that went into effect with the exception of China.
Some insiders used this time in April to buy the dip while others thought it was time to sell some of their holdings. At times like these, it is worth analyzing insider trading activity. When executives buy stock, it can suggest confidence in the company’s future. On the other hand, insider sales don’t have to be a negative sign for the company, because they can reflect personal decisions or investment diversification. This means that insider trading should be considered alongside the company’s financial health and broader market conditions.
Our Methodology
Today, we’re focusing on stocks that insiders have been heavily selling in April. Using Insider Monkey’s insider trading screener, we identified companies where at least five insiders sold shares from April 2 to April 8. From this list, we ranked the top 10 stocks with the highest value of insider sales.
Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
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Rimini Street, Inc. (NASDAQ:RMNI)
Rimini Street, Inc. (NASDAQ:RMNI) 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, Rimini Street (NASDAQ:RMNI) 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 (NASDAQ:RMNI) stock as “Buy” with a price target of $6.00, suggesting an upside of 50.43%.
Overall, RMNI ranks 8th on our list of stocks that insiders sold in April after Trump’s tariff rollout. While we acknowledge the potential of RMNI, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RMNI but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
