Principal Financial Group Inc. Purchases 10,931 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Principal Financial Group Inc. raised its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 369,436 shares of the company’s stock after buying an additional 10,931 shares during the period. Principal Financial Group Inc. owned 0.57% of LiveRamp worth $11,220,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in RAMP. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of LiveRamp in the 3rd quarter worth approximately $1,187,000. Royce & Associates LP boosted its stake in LiveRamp by 75.6% in the third quarter. Royce & Associates LP now owns 317,910 shares of the company’s stock worth $7,878,000 after purchasing an additional 136,900 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of LiveRamp during the third quarter worth $439,000. Robeco Institutional Asset Management B.V. increased its stake in shares of LiveRamp by 353.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 66,911 shares of the company’s stock valued at $1,658,000 after buying an additional 52,166 shares in the last quarter. Finally, American Capital Management Inc. raised its holdings in shares of LiveRamp by 46.7% in the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock valued at $71,312,000 after buying an additional 916,578 shares during the last quarter. 93.83% of the stock is owned by institutional investors.

LiveRamp Stock Performance

Shares of RAMP stock opened at $29.56 on Friday. The firm’s 50 day moving average price is $32.14 and its two-hundred day moving average price is $28.56. The stock has a market cap of $1.94 billion, a PE ratio of 2,955.50 and a beta of 0.96. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $38.00.

LiveRamp (NYSE:RAMP) last announced 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 return on equity of 0.97% and a net margin of 0.01%. As a group, sell-side analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Macquarie reissued an “outperform” rating and set a $43.00 price objective on shares of LiveRamp in a report on Thursday, November 7th. Evercore ISI increased their price target on shares of LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Morgan Stanley boosted their price objective on shares of LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Finally, Benchmark reissued a “buy” rating and issued a $45.00 target price on shares of LiveRamp in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.83.

Insider Activity

In other news, CRO Vihan Sharma sold 39,845 shares of LiveRamp stock in a transaction on Monday, February 10th. The shares were sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the transaction, the executive now directly owns 110,902 shares of the company’s stock, valued at $3,943,675.12. This trade represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Mohsin Hussain sold 3,554 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the transaction, the chief technology officer now directly owns 57,594 shares of the company’s stock, valued at $1,939,189.98. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by company insiders.

LiveRamp Company Profile

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.