rimini street股价跌至2.22美元,但内部人员以更低的价格出售了股票。
RiminiStreet,Inc.'s(NASDAQ:RMNI)valuehasfallen28%inthelastweek,butinsiderswhosoldUS$418kworthofstockoverthelastyearhavehadlesssuccess.TheaveragesellingpriceofUS$2.98isstilllowerthanthecurrentshareprice,orinotherwords,insiderswouldhavebeenbetteroffholdingontotheirshares.
Whilewewouldneversuggestthatinvestorsshouldbasetheirdecisionssolelyonwhatthedirectorsofacompanyhavebeendoing,wewouldconsideritfoolishtoignoreinsidertransactionsaltogether.
TheLast12MonthsOfInsiderTransactionsAtRiminiStreet
Inthelasttwelvemonths,thebiggestsinglesalebyaninsiderwaswhentheFounder,SethRavin,soldUS$244kworthofsharesatapriceofUS$2.98pershare.Whilewedon'tusuallyliketoseeinsiderselling,it'smoreconcerningifthesalestakeplaceatalowerprice.It'sofsomecomfortthatthissalewasconductedatapricewellabovethecurrentshareprice,whichisUS$2.22.Soitishardtodrawanystrongconclusionfromit.
RiminiStreetinsidersdidn'tbuyanysharesoverthelastyear.Youcanseetheinsidertransactions(bycompaniesandindividuals)overthelastyeardepictedinthechartbelow.Ifyouclickonthechart,youcanseealltheindividualtransactions,includingtheshareprice,individual,andthedate!
NasdaqGM:RMNIInsiderTradingVolumeAugust1st2024
IwilllikeRiminiStreetbetterifIseesomebiginsiderbuys.Whilewewait,checkoutthisfreelistofundervaluedandsmallcapstockswithconsiderable,recent,insiderbuying.
InsiderOwnershipOfRiminiStreet
Anotherwaytotestthealignmentbetweentheleadersofacompanyandothershareholdersistolookathowmanysharestheyown.Ahighinsiderownershipoftenmakescompanyleadershipmoremindfulofshareholderinterests.Insidersown15%ofRiminiStreetshares,worthaboutUS$31m.We'vecertainlyseenhigherlevelsofinsiderownershipelsewhere,buttheseholdingsareenoughtosuggestalignmentbetweeninsidersandtheothershareholders.
WhatMightTheInsiderTransactionsAtRiminiStreetTellUs?
Itdoesn'treallymeanmuchthatnoinsiderhastradedRiminiStreetsharesinthelastquarter.Still,theinsidertransactionsatRiminiStreetinthelast12monthsarenotveryheartening.Butit'sgoodtoseethatinsidersownsharesinthecompany.Sotheseinsidertransactionscanhelpusbuildathesisaboutthestock,butit'salsoworthwhileknowingtherisksfacingthiscompany.Whenwedidourresearch,wefound5warningsignsforRiminiStreet(2shouldn'tbeignored!)thatwebelievedeserveyourfullattention.
Ifyouwouldprefertocheckoutanothercompany--onewithpotentiallysuperiorfinancials--thendonotmissthisfreelistofinterestingcompanies,thathaveHIGHreturnonequityandlowdebt.
Forthepurposesofthisarticle,insidersarethoseindividualswhoreporttheirtransactionstotherelevantregulatorybody.Wecurrentlyaccountforopenmarkettransactionsandprivatedispositionsofdirectinterestsonly,butnotderivativetransactionsorindirectinterests.
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ThisarticlebySimplyWallStisgeneralinnature.Weprovidecommentarybasedonhistoricaldataandanalystforecastsonlyusinganunbiasedmethodologyandourarticlesarenotintendedtobefinancialadvice.Itdoesnotconstitutearecommendationtobuyorsellanystock,anddoesnottakeaccountofyourobjectives,oryourfinancialsituation.Weaimtobringyoulong-termfocusedanalysisdrivenbyfundamentaldata.Notethatouranalysismaynotfactorinthelatestprice-sensitivecompanyannouncementsorqualitativematerial.SimplyWallSthasnopositioninanystocksmentioned.
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