LiveRamp Holdings, Inc. (NYSE:RAMP) CTO Mohsin Hussain Sells 3,554 Shares of Stock

LiveRamp Holdings, Inc. (NYSE:RAMP) CTO Mohsin Hussain sold 3,554 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the transaction, the chief technology officer now directly owns 57,594 shares in the company, valued at approximately $1,939,189.98. This represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

LiveRamp Price Performance

RAMP opened at $33.91 on Wednesday. The company’s 50-day moving average is $32.22 and its 200 day moving average is $28.31. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $38.00. The firm has a market capitalization of $2.23 billion, a P/E ratio of 3,391.00 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. On average, equities research analysts expect that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current year.

Institutional Trading of LiveRamp

Large investors have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in LiveRamp during the third quarter worth about $1,187,000. Royce & Associates LP increased its holdings in LiveRamp by 75.6% during the third quarter. Royce & Associates LP now owns 317,910 shares of the company’s stock worth $7,878,000 after buying an additional 136,900 shares during the last quarter. HighTower Advisors LLC purchased a new stake in LiveRamp during the third quarter worth about $439,000. Robeco Institutional Asset Management B.V. increased its holdings in LiveRamp by 353.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 66,911 shares of the company’s stock worth $1,658,000 after buying an additional 52,166 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in LiveRamp by 111.4% during the third quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock worth $13,857,000 after buying an additional 294,743 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

RAMP has been the topic of several research analyst reports. Wells Fargo & Company initiated coverage on shares of LiveRamp in a research note on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price on the stock. Morgan Stanley raised their price objective on shares of LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Macquarie reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of LiveRamp in a research note on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and issued a $42.00 price objective on shares of LiveRamp in a research note on Tuesday, February 4th. Finally, StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $39.33.

LiveRamp Company 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.