Renaissance Technologies LLC Sells 144,600 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Renaissance Technologies LLC lowered its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 22.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 502,578 shares of the company’s stock after selling 144,600 shares during the period. Renaissance Technologies LLC’s holdings in LiveRamp were worth $15,263,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Carolina Wealth Advisors LLC grew its stake in LiveRamp by 2.2% during the fourth quarter. Carolina Wealth Advisors LLC now owns 25,608 shares of the company’s stock worth $778,000 after buying an additional 560 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of LiveRamp by 0.5% during the 4th quarter. Summit Trail Advisors LLC now owns 115,924 shares of the company’s stock worth $3,521,000 after acquiring an additional 625 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of LiveRamp by 101.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock worth $62,000 after acquiring an additional 1,027 shares in the last quarter. GAMMA Investing LLC increased its stake in LiveRamp by 232.2% in the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock valued at $52,000 after acquiring an additional 1,189 shares during the last quarter. Finally, First Horizon Advisors Inc. acquired a new position in LiveRamp during the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Stock Performance

RAMP stock opened at $25.27 on Tuesday. The company has a market capitalization of $1.66 billion, a P/E ratio of 2,527.00 and a beta of 1.05. The company has a fifty day moving average price of $28.58 and a 200-day moving average price of $28.95. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $38.00.

LiveRamp (NYSE:RAMP) last announced its earnings results 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 return on equity of 0.97% and a net margin of 0.01%. As a group, sell-side analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RAMP has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Evercore ISI lifted their target price on LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Benchmark reissued a “buy” rating and issued a $45.00 target price on shares of LiveRamp in a report on Wednesday, February 26th. Finally, StockNews.com lowered shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Saturday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $39.83.

Insider Activity at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 3,554 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $33.67, for a total value of $119,663.18. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Vihan Sharma sold 39,845 shares of LiveRamp stock in a transaction on 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 completion of the sale, the executive now owns 110,902 shares of the company’s stock, valued at $3,943,675.12. This represents a 26.43 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by company insiders.

About LiveRamp

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.