LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 19.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,108 shares of the company’s stock after selling 9,519 shares during the period. Quantbot Technologies LP owned 0.06% of LiveRamp worth $1,188,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Capital Management Inc. lifted its position in shares of LiveRamp by 46.7% in the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock valued at $71,312,000 after acquiring an additional 916,578 shares in the last quarter. Franklin Resources Inc. raised its stake in LiveRamp by 11.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,526,250 shares of the company’s stock valued at $37,653,000 after purchasing an additional 157,696 shares during the last quarter. Geode Capital Management LLC lifted its holdings in LiveRamp by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,493,522 shares of the company’s stock valued at $37,017,000 after purchasing an additional 15,340 shares in the last quarter. Baillie Gifford & Co. boosted its stake in LiveRamp by 4.3% during the 4th quarter. Baillie Gifford & Co. now owns 1,416,642 shares of the company’s stock worth $43,023,000 after purchasing an additional 58,568 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of LiveRamp by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 995,960 shares of the company’s stock worth $30,247,000 after buying an additional 49,152 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Stock Down 0.8 %

RAMP stock opened at $27.53 on Wednesday. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $38.00. The business has a fifty day moving average of $31.10 and a two-hundred day moving average of $28.95. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 2,753.00 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. As a group, sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Insider Buying and Selling

In other news, CRO Vihan Sharma sold 39,845 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the sale, the executive now owns 110,902 shares of the company’s stock, valued at approximately $3,943,675.12. This represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Mohsin Hussain sold 3,554 shares of LiveRamp stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the transaction, the chief technology officer now owns 57,594 shares of the company’s stock, valued at $1,939,189.98. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Benchmark reissued a “buy” rating and issued a $45.00 target price on shares of LiveRamp in a research note on Wednesday, February 26th. Evercore ISI upped their price target on LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.83.

LiveRamp Profile

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.