KLP Kapitalforvaltning AS Invests $392,000 in LiveRamp Holdings, Inc. (NYSE:RAMP)

KLP Kapitalforvaltning AS acquired a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 12,900 shares of the company’s stock, valued at approximately $392,000.

Other institutional investors have also made changes to their positions in the company. Hillsdale Investment Management Inc. increased its position in shares of LiveRamp by 0.9% during the 4th quarter. Hillsdale Investment Management Inc. now owns 150,280 shares of the company’s stock worth $4,564,000 after purchasing an additional 1,400 shares during the last quarter. American Century Companies Inc. raised its position in LiveRamp by 112.4% during the fourth quarter. American Century Companies Inc. now owns 52,170 shares of the company’s stock worth $1,584,000 after acquiring an additional 27,607 shares in the last quarter. Magnetar Financial LLC bought a new stake in LiveRamp during the fourth quarter worth $808,000. Teacher Retirement System of Texas lifted its stake in LiveRamp by 124.3% in the fourth quarter. Teacher Retirement System of Texas now owns 88,459 shares of the company’s stock valued at $2,687,000 after acquiring an additional 49,013 shares during the last quarter. Finally, Boston Partners grew its position in shares of LiveRamp by 109.4% in the 4th quarter. Boston Partners now owns 690,057 shares of the company’s stock valued at $21,331,000 after acquiring an additional 360,440 shares during the period. Institutional investors own 93.83% of the company’s stock.

Insiders Place Their Bets

In related news, CRO Vihan Sharma sold 39,845 shares of the stock in a transaction that occurred 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 sale, the executive now owns 110,902 shares in the company, valued at approximately $3,943,675.12. This trade represents a 26.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Mohsin Hussain sold 3,554 shares of the business’s stock in a transaction that occurred 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 transaction, the chief technology officer now owns 57,594 shares of the company’s stock, valued at approximately $1,939,189.98. This represents a 5.81 % 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 Price Performance

Shares of NYSE RAMP opened at $24.28 on Friday. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 2,428.30 and a beta of 1.05. The stock’s fifty day moving average price is $30.09 and its two-hundred day moving average price is $28.96. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $38.00.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results 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%. On average, equities analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on RAMP. Benchmark reiterated a “buy” rating and issued a $45.00 target price on shares of LiveRamp in a research note on Wednesday, February 26th. Morgan Stanley raised their price objective on LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Evercore ISI boosted their target price on LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Two investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.83.

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.