Insider Selling: LiveRamp Holdings, Inc. (NYSE:RAMP) CRO Sells 39,845 Shares of Stock

LiveRamp Holdings, Inc. (NYSE:RAMP) CRO Vihan Sharma sold 39,845 shares of LiveRamp stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the transaction, the executive now directly owns 110,902 shares in the company, valued at $3,943,675.12. This trade represents a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

LiveRamp Price Performance

Shares of NYSE RAMP opened at $33.79 on Thursday. The business has a fifty day moving average price of $32.05 and a 200 day moving average price of $28.21. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $38.15. The stock has a market capitalization of $2.22 billion, a P/E ratio of 3,379.00 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates 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, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LiveRamp

A number of large investors have recently added to or reduced their stakes in RAMP. American Capital Management Inc. grew 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 purchasing an additional 916,578 shares in the last quarter. Tributary Capital Management LLC purchased a new stake in LiveRamp during the 4th quarter worth approximately $15,251,000. Boston Partners raised its position in LiveRamp by 109.4% in the 4th quarter. Boston Partners now owns 690,057 shares of the company’s stock valued at $21,331,000 after purchasing an additional 360,440 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in LiveRamp by 111.4% in the third quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after buying an additional 294,743 shares in the last quarter. Finally, Invenomic Capital Management LP increased its stake in LiveRamp by 257.7% in the third quarter. Invenomic Capital Management LP now owns 337,574 shares of the company’s stock valued at $8,365,000 after purchasing an additional 243,198 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Macquarie restated an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. Wells Fargo & Company initiated coverage on LiveRamp in a research report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price target on the stock. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Benchmark reissued a “buy” rating and issued a $42.00 target price on shares of LiveRamp in a report on Tuesday, February 4th. Finally, Evercore ISI raised their target price on shares of LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently 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.