Newport Trust Company LLC Trims Stock Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Newport Trust Company LLC decreased its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 678,743 shares of the company’s stock after selling 13,492 shares during the quarter. Newport Trust Company LLC owned 1.01% of LiveRamp worth $21,000,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Intrinsic Edge Capital Management LLC grew its position in shares of LiveRamp by 61.9% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 659,018 shares of the company’s stock valued at $24,964,000 after acquiring an additional 251,993 shares during the period. Vanguard Group Inc. lifted its position in LiveRamp by 1.4% during 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. G2 Investment Partners Management LLC bought a new stake in LiveRamp during the fourth quarter valued at about $8,176,000. Assenagon Asset Management S.A. increased its position in LiveRamp by 32.0% in the second quarter. Assenagon Asset Management S.A. now owns 264,470 shares of the company’s stock worth $8,183,000 after buying an additional 64,155 shares in the last quarter. Finally, Millrace Asset Group Inc. bought a new position in shares of LiveRamp in the fourth quarter worth about $2,373,000. 93.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Evercore ISI cut their price objective on LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Craig Hallum reduced their price objective on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Morgan Stanley lowered their target price on shares of LiveRamp from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, May 23rd. Benchmark reissued a “buy” rating and set a $56.00 price target on shares of LiveRamp in a report on Tuesday, August 6th. Finally, StockNews.com downgraded LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, LiveRamp presently has a consensus rating of “Buy” and an average target price of $46.80.

Insiders Place Their Bets

In other news, CTO Mohsin Hussain sold 5,773 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $25.98, for a total transaction of $149,982.54. Following the sale, the chief technology officer now directly owns 73,614 shares in the company, valued at approximately $1,912,491.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.39% of the company’s stock.

LiveRamp Trading Up 2.0 %

Shares of RAMP stock opened at $26.06 on Friday. The stock’s 50-day moving average price is $26.97 and its 200-day moving average price is $30.55. LiveRamp Holdings, Inc. has a 12-month low of $21.45 and a 12-month high of $42.66. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 144.78 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, August 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. The firm had revenue of $175.96 million during the quarter, compared to the consensus estimate of $171.92 million. During the same period in the prior year, the company earned $0.09 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, research analysts predict that LiveRamp Holdings, Inc. will post 0.37 EPS for the current fiscal year.

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.