LiveRamp Holdings, Inc. (NYSE:RAMP) Insider Sells $406,141.05 in Stock

LiveRamp Holdings, Inc. (NYSE:RAMP) insider Kimberly Bloomston sold 13,055 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $31.11, for a total transaction of $406,141.05. Following the completion of the sale, the insider now directly owns 127,404 shares of the company’s stock, valued at approximately $3,963,538.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

LiveRamp Stock Down 1.8 %

Shares of NYSE RAMP opened at $29.19 on Friday. The business’s 50 day moving average is $32.41 and its two-hundred day moving average is $34.92. LiveRamp Holdings, Inc. has a 52-week low of $25.01 and a 52-week high of $42.66. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 162.18 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). LiveRamp had a net margin of 1.80% and a return on equity of 3.27%. The firm had revenue of $171.85 million during the quarter, compared to analyst estimates of $159.95 million. Analysts anticipate that LiveRamp Holdings, Inc. will post 0.3 EPS for the current fiscal year.

Institutional Trading of LiveRamp

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of LiveRamp by 1.4% in the first quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company’s stock valued at $282,037,000 after purchasing an additional 115,685 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of LiveRamp by 2.0% during the first quarter. Janus Henderson Group PLC now owns 2,251,094 shares of the company’s stock worth $77,662,000 after acquiring an additional 44,808 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of LiveRamp by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,238,534 shares of the company’s stock valued at $84,798,000 after acquiring an additional 21,705 shares in the last quarter. Jennison Associates LLC grew its stake in LiveRamp by 286.9% during the 1st quarter. Jennison Associates LLC now owns 1,407,098 shares of the company’s stock worth $48,545,000 after purchasing an additional 1,043,457 shares in the last quarter. Finally, Boston Partners increased its holdings in LiveRamp by 182.3% during the 1st quarter. Boston Partners now owns 851,397 shares of the company’s stock worth $29,226,000 after purchasing an additional 549,846 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RAMP has been the topic of a number of recent analyst reports. Morgan Stanley decreased their price objective on LiveRamp from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, May 23rd. StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 31st. Finally, Benchmark raised their price objective on LiveRamp from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $50.25.

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.