LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Purchased by Fmr LLC

Fmr LLC boosted its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 18.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 171,501 shares of the company’s stock after buying an additional 26,935 shares during the period. Fmr LLC owned approximately 0.26% of LiveRamp worth $4,250,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. DT Investment Partners LLC purchased a new stake in shares of LiveRamp in the 2nd quarter valued at approximately $27,000. Quarry LP increased its position in shares of LiveRamp by 4,575.0% during the second quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after acquiring an additional 915 shares during the period. Blue Trust Inc. grew its position in shares of LiveRamp by 187.1% during the second quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after buying an additional 694 shares in the last quarter. Quest Partners LLC raised its holdings in shares of LiveRamp by 68.8% in the 2nd quarter. Quest Partners LLC now owns 2,998 shares of the company’s stock valued at $93,000 after purchasing an additional 1,222 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in LiveRamp during the 2nd quarter worth about $149,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analyst Ratings Changes

RAMP has been the subject of a number of research reports. Macquarie reissued an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a research report on Thursday, November 7th. Benchmark lowered their price objective on LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Wells Fargo & Company began coverage on LiveRamp in a report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 target price for the company. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.14.

Insider Activity at LiveRamp

In related news, insider Kimberly Bloomston sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $25.17, for a total value of $100,680.00. Following the sale, the insider now directly owns 117,247 shares of the company’s stock, valued at approximately $2,951,106.99. This trade represents a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Debora B. Tomlin sold 9,765 shares of the business’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 completion of the sale, the director now 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 disclosure for this sale can be found here. Corporate insiders own 3.39% of the company’s stock.

LiveRamp Stock Performance

Shares of RAMP stock opened at $31.86 on Friday. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $42.66. The stock has a fifty day moving average price of $27.67 and a 200 day moving average price of $27.88. The stock has a market cap of $2.08 billion, a PE ratio of 637.20 and a beta of 0.97.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.37 by $0.14. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The business had revenue of $185.00 million for the quarter, compared to analyst estimates of $176.16 million. During the same period in the prior year, the business earned $0.21 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. As a group, equities research 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.