LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,480 shares of the company’s stock after selling 7,074 shares during the period. New York State Teachers Retirement System owned approximately 0.14% of LiveRamp worth $2,809,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. DT Investment Partners LLC lifted its stake in LiveRamp by 62.6% during the 3rd quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock worth $35,000 after acquiring an additional 545 shares in the last quarter. GAMMA Investing LLC lifted its stake in LiveRamp by 232.2% during the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after acquiring an additional 1,189 shares in the last quarter. KBC Group NV lifted its stake in LiveRamp by 57.0% during the 4th quarter. KBC Group NV now owns 3,457 shares of the company’s stock worth $105,000 after acquiring an additional 1,255 shares in the last quarter. Point72 DIFC Ltd acquired a new position in LiveRamp during the 3rd quarter worth about $92,000. Finally, Pacer Advisors Inc. acquired a new position in LiveRamp during the 4th quarter worth about $115,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analyst Ratings Changes

RAMP has been the topic of several research reports. Morgan Stanley increased their target price on LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Wells Fargo & Company began coverage on LiveRamp in a research report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price target on the stock. Benchmark reaffirmed a “buy” rating and issued a $42.00 price target on shares of LiveRamp in a research report on Tuesday, February 4th. Macquarie reaffirmed an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a research report on Thursday, November 7th. Finally, StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.33.

LiveRamp Stock Performance

RAMP opened at $31.25 on Friday. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $38.00. The company has a market cap of $2.05 billion, a P/E ratio of 3,124.80 and a beta of 0.96. The business’s 50-day simple moving average is $32.24 and its 200-day simple moving average is $28.40.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. As a group, analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Mohsin Hussain sold 3,554 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the transaction, the chief technology officer now owns 57,594 shares in the company, valued at $1,939,189.98. This trade represents a 5.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $35.56, for a total value of $1,416,888.20. Following the transaction, the executive now owns 110,902 shares in the company, valued at $3,943,675.12. This represents a 26.43 % decrease in their position. The disclosure for this sale can be found here. Company 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.