LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Purchased by Quarry LP

Quarry LP boosted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 4,575.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 935 shares of the company’s stock after acquiring an additional 915 shares during the period. Quarry LP’s holdings in LiveRamp were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in RAMP. G2 Investment Partners Management LLC purchased a new stake in shares of LiveRamp during the fourth quarter worth about $8,176,000. Ophir Asset Management Pty Ltd grew its holdings in shares of LiveRamp by 5,308.7% during the fourth quarter. Ophir Asset Management Pty Ltd now owns 746,079 shares of the company’s stock worth $28,261,000 after buying an additional 732,285 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of LiveRamp by 13.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 763,084 shares of the company’s stock worth $28,906,000 after buying an additional 92,480 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of LiveRamp by 7.8% during the first quarter. Principal Financial Group Inc. now owns 367,983 shares of the company’s stock worth $12,695,000 after buying an additional 26,471 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of LiveRamp by 286.9% during the first quarter. Jennison Associates LLC now owns 1,407,098 shares of the company’s stock worth $48,545,000 after buying an additional 1,043,457 shares in the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

LiveRamp Stock Down 3.1 %

Shares of RAMP stock opened at $23.72 on Tuesday. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 131.78 and a beta of 0.96. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $42.66. The firm’s 50 day moving average price is $25.28 and its two-hundred day moving average price is $29.68.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, August 7th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. LiveRamp had a net margin of 0.88% and a return on equity of 2.14%. The business had revenue of $175.96 million for the quarter, compared to analysts’ expectations of $171.92 million. During the same period in the previous year, the company posted $0.09 earnings per share. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, equities analysts forecast that LiveRamp Holdings, Inc. will post 0.37 EPS for the current fiscal year.

Insider Transactions at LiveRamp

In other news, CTO Mohsin Hussain sold 5,773 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $25.98, for a total transaction of $149,982.54. Following the transaction, the chief technology officer now directly owns 73,614 shares of the company’s stock, valued at approximately $1,912,491.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CTO Mohsin Hussain sold 5,773 shares of LiveRamp stock in a transaction on Friday, August 30th. The shares were sold at an average price of $25.98, for a total value of $149,982.54. Following the completion of the sale, the chief technology officer now owns 73,614 shares in the company, valued at approximately $1,912,491.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kimberly Bloomston sold 4,000 shares of LiveRamp stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the sale, the insider now owns 117,247 shares of the company’s stock, valued at approximately $2,951,106.99. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,538 shares of company stock valued at $495,471. Corporate insiders own 3.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Evercore ISI decreased their target price on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Benchmark decreased their target price on shares of LiveRamp from $56.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday. Craig Hallum decreased their target price on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Macquarie raised shares of LiveRamp to a “strong-buy” rating in a research report on Thursday, August 8th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, LiveRamp presently has an average rating of “Buy” and a consensus price target of $45.20.

LiveRamp 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.