State of New Jersey Common Pension Fund D Sells 17,045 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

State of New Jersey Common Pension Fund D lessened its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 22.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,687 shares of the company’s stock after selling 17,045 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.09% of LiveRamp worth $1,847,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in LiveRamp by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company’s stock valued at $282,037,000 after buying an additional 115,685 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of LiveRamp by 2.0% during the 1st quarter. Janus Henderson Group PLC now owns 2,251,094 shares of the company’s stock valued at $77,662,000 after purchasing an additional 44,808 shares in the last quarter. Jennison Associates LLC grew its position in shares of LiveRamp by 286.9% during the 1st quarter. Jennison Associates LLC now owns 1,407,098 shares of the company’s stock valued at $48,545,000 after purchasing an additional 1,043,457 shares in the last quarter. Boston Partners grew its position in shares of LiveRamp by 182.3% during the 1st quarter. Boston Partners now owns 851,397 shares of the company’s stock valued at $29,226,000 after purchasing an additional 549,846 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of LiveRamp by 13.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 763,084 shares of the company’s stock valued at $28,906,000 after purchasing an additional 92,480 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RAMP shares. Macquarie upgraded shares of LiveRamp to a “strong-buy” rating in a research report on Thursday, August 8th. Benchmark restated a “buy” rating and set a $56.00 price target on shares of LiveRamp in a research report on Tuesday, August 6th. Evercore ISI reduced their price target on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. StockNews.com lowered shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Finally, Craig Hallum cut their target price on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, LiveRamp has an average rating of “Buy” and an average target price of $46.80.

LiveRamp Trading Down 1.2 %

Shares of NYSE:RAMP opened at $25.67 on Tuesday. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 142.61 and a beta of 0.96. The company has a 50-day moving average price of $26.60 and a 200-day moving average price of $30.35. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $42.66.

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

Insider Activity

In related news, CTO Mohsin Hussain sold 5,773 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $25.98, for a total value of $149,982.54. Following the completion of the transaction, the chief technology officer now directly owns 73,614 shares of the company’s stock, valued at $1,912,491.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.39% of the company’s stock.

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.