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

LiveRamp Holdings, Inc. (NYSE:RAMP) CTO Mohsin Hussain sold 3,554 shares of the firm’s 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 directly owns 57,594 shares of the company’s stock, valued at approximately $1,939,189.98. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

LiveRamp Stock Performance

LiveRamp stock opened at $33.18 on Thursday. The company has a market capitalization of $2.18 billion, a P/E ratio of 3,318.30 and a beta of 0.96. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $38.00. The stock has a 50-day simple moving average of $32.24 and a 200-day simple moving average of $28.34.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data 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%. As a group, analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Institutional Investors Weigh In On LiveRamp

Several large investors have recently modified their holdings of RAMP. DT Investment Partners LLC boosted its holdings in shares of LiveRamp by 62.6% in the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock valued at $35,000 after acquiring an additional 545 shares during the period. First Horizon Advisors Inc. acquired a new stake in shares of LiveRamp in the fourth quarter valued at approximately $38,000. Quarry LP boosted its holdings in shares of LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company’s stock valued at $44,000 after acquiring an additional 1,133 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of LiveRamp by 477.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $49,000 after purchasing an additional 1,332 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of LiveRamp by 232.2% during the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after purchasing an additional 1,189 shares during the period. 93.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on RAMP. Macquarie reaffirmed an “outperform” rating and issued a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and issued a $42.00 target price on shares of LiveRamp in a report on Tuesday, February 4th. Evercore ISI raised their target price on shares of LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Wells Fargo & Company began coverage on shares of LiveRamp in a report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 target price on the stock. Finally, Morgan Stanley raised their target price on shares of LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.