LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. grew its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 11.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,526,250 shares of the company’s stock after purchasing an additional 157,696 shares during the period. Franklin Resources Inc. owned 2.34% of LiveRamp worth $37,653,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RAMP. Geode Capital Management LLC boosted its holdings in shares of LiveRamp by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,493,522 shares of the company’s stock worth $37,017,000 after purchasing an additional 15,340 shares during the last quarter. Barclays PLC lifted its position in LiveRamp by 56.3% during the third quarter. Barclays PLC now owns 438,121 shares of the company’s stock worth $10,857,000 after buying an additional 157,775 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in LiveRamp by 164.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 27,864 shares of the company’s stock worth $690,000 after buying an additional 17,310 shares during the last quarter. Wellington Management Group LLP grew its holdings in LiveRamp by 35.1% in the 3rd quarter. Wellington Management Group LLP now owns 31,306 shares of the company’s stock valued at $776,000 after buying an additional 8,133 shares during the period. Finally, Weiss Asset Management LP increased its stake in shares of LiveRamp by 8.9% during the 3rd quarter. Weiss Asset Management LP now owns 235,020 shares of the company’s stock valued at $5,824,000 after acquiring an additional 19,287 shares during the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Debora B. Tomlin sold 9,765 shares of LiveRamp stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following the sale, the director now directly owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. The trade was a 28.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kimberly Bloomston sold 4,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.17, for a total value of $100,680.00. Following the completion of the transaction, the insider now directly owns 117,247 shares of the company’s stock, valued at $2,951,106.99. This represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

RAMP has been the topic of several research analyst reports. Wells Fargo & Company assumed coverage on shares of LiveRamp in a research report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 target price on the stock. Macquarie reiterated an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a report on Thursday, November 7th. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Monday. Finally, Benchmark reduced their target price on LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $41.14.

LiveRamp Trading Down 4.6 %

NYSE:RAMP opened at $30.43 on Thursday. The firm’s fifty day simple moving average is $28.13 and its 200 day simple moving average is $27.87. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $42.66. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 608.72 and a beta of 0.97.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.14. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The company had revenue of $185.00 million for the quarter, compared to analysts’ expectations of $176.16 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. On average, analysts predict that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current year.

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.