Bank of Montreal Can Has $1.84 Million Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Bank of Montreal Can lowered its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 38.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,470 shares of the company’s stock after selling 45,782 shares during the period. Bank of Montreal Can owned 0.11% of LiveRamp worth $1,843,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its position in LiveRamp by 8.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,755 shares of the company’s stock worth $786,000 after buying an additional 1,803 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of LiveRamp in the first quarter worth about $87,000. SG Americas Securities LLC acquired a new position in shares of LiveRamp during the second quarter worth approximately $509,000. Assenagon Asset Management S.A. grew its stake in shares of LiveRamp by 32.0% during the second quarter. Assenagon Asset Management S.A. now owns 264,470 shares of the company’s stock valued at $8,183,000 after purchasing an additional 64,155 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of LiveRamp by 187.1% in the second quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock valued at $33,000 after purchasing an additional 694 shares in the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on RAMP. Macquarie reaffirmed an “outperform” rating and set a $43.00 price objective on shares of LiveRamp in a report on Thursday, November 7th. Craig Hallum cut their price target on LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Benchmark lowered their price objective on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Evercore ISI dropped their price objective on LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Wells Fargo & Company started coverage on shares of LiveRamp in a research note on Monday, October 28th. They issued an “equal weight” rating and a $25.00 target price on the stock. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, LiveRamp presently has an average rating of “Moderate Buy” and an average target price of $41.14.

Insider Transactions at LiveRamp

In other LiveRamp news, Director Debora B. Tomlin sold 9,765 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were 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 in the company, valued at approximately $614,440.63. This trade represents a 28.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kimberly Bloomston sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the transaction, the insider now owns 117,247 shares of the company’s stock, valued at $2,951,106.99. This trade represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.39% of the company’s stock.

LiveRamp Trading Down 2.4 %

NYSE:RAMP opened at $30.91 on Friday. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 618.32 and a beta of 0.97. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $42.66. The business’s 50-day moving average price is $26.65 and its two-hundred day moving average price is $27.90.

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