LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,493,522 shares of the company’s stock after purchasing an additional 15,340 shares during the quarter. Geode Capital Management LLC owned about 2.29% of LiveRamp worth $37,017,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Louisiana State Employees Retirement System raised its stake in shares of LiveRamp by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the company’s stock worth $1,030,000 after purchasing an additional 500 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of LiveRamp by 19.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 38,229 shares of the company’s stock valued at $1,183,000 after acquiring an additional 6,109 shares in the last quarter. Peregrine Capital Management LLC increased its stake in shares of LiveRamp by 1.3% during the second quarter. Peregrine Capital Management LLC now owns 249,350 shares of the company’s stock worth $7,715,000 after acquiring an additional 3,244 shares during the period. Fort Washington Investment Advisors Inc. OH purchased a new position in LiveRamp during the second quarter worth about $13,214,000. Finally, Legacy Advisors LLC acquired a new stake in LiveRamp in the second quarter valued at about $671,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Macquarie restated an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a report on Thursday, November 7th. Wells Fargo & Company started coverage on LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price on the stock. Finally, Benchmark dropped their price target on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, LiveRamp presently has a consensus rating of “Buy” and a consensus target price of $41.14.

Insider Activity

In related news, Director Debora B. Tomlin sold 9,765 shares of the 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 directly owns 24,509 shares of the company’s stock, valued at $614,440.63. This represents a 28.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kimberly Bloomston sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was 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 represents a 3.30 % 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 $30.90 on Wednesday. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 618.12 and a beta of 0.97. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $42.66. The company’s 50-day simple moving average is $28.61 and its 200-day simple moving average is $27.83.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, topping 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 firm had revenue of $185.00 million for the quarter, compared to analyst estimates of $176.16 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. LiveRamp’s quarterly revenue was up 15.6% on a year-over-year basis. As a group, research analysts forecast that LiveRamp Holdings, Inc. will post 0.36 EPS for the current year.

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.