State of Alaska Department of Revenue Lowers Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

State of Alaska Department of Revenue lowered its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,091 shares of the company’s stock after selling 922 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of LiveRamp worth $1,126,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. American Capital Management Inc. raised its holdings in shares of LiveRamp by 46.7% in the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock valued at $71,312,000 after acquiring an additional 916,578 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of LiveRamp by 11.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,526,250 shares of the company’s stock valued at $37,653,000 after acquiring an additional 157,696 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of LiveRamp by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,493,522 shares of the company’s stock valued at $37,017,000 after acquiring an additional 15,340 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of LiveRamp by 7.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 946,808 shares of the company’s stock valued at $23,462,000 after acquiring an additional 69,063 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of LiveRamp by 111.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after acquiring an additional 294,743 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

RAMP opened at $33.79 on Thursday. The stock’s 50 day simple moving average is $32.05 and its 200 day simple moving average is $28.21. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $38.15. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 3,379.00 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate 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 anticipate that LiveRamp Holdings, Inc. will post 0.36 EPS for the current year.

Insider Buying and Selling

In other news, CRO Vihan Sharma sold 39,845 shares of LiveRamp 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 sale, the executive now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.