Charles Schwab Investment Management Inc. Has $30.25 Million Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Charles Schwab Investment Management Inc. lifted its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 995,960 shares of the company’s stock after purchasing an additional 49,152 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.53% of LiveRamp worth $30,247,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. American Capital Management Inc. raised its position in 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 buying an additional 916,578 shares during the last quarter. Tributary Capital Management LLC purchased a new stake in LiveRamp in the 4th quarter valued at $15,251,000. Invenomic Capital Management LP raised its position in LiveRamp by 257.7% in the 3rd quarter. Invenomic Capital Management LP now owns 337,574 shares of the company’s stock valued at $8,365,000 after buying an additional 243,198 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in LiveRamp by 451.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 248,573 shares of the company’s stock valued at $7,522,000 after buying an additional 203,471 shares during the last quarter. Finally, 272 Capital LP purchased a new stake in LiveRamp in the 3rd quarter valued at $3,914,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at LiveRamp

In other news, CRO Vihan Sharma sold 39,845 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the completion of the transaction, the executive now owns 110,902 shares in the company, valued at approximately $3,943,675.12. This represents a 26.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Mohsin Hussain sold 3,554 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $33.67, for a total value of $119,663.18. Following the completion of 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 position. The disclosure for this sale can be found here. 3.39% of the stock is owned by corporate insiders.

LiveRamp Price Performance

Shares of NYSE:RAMP opened at $26.35 on Monday. The company has a market capitalization of $1.73 billion, a PE ratio of 2,635.30 and a beta of 0.96. The business has a fifty day moving average price of $31.49 and a two-hundred day moving average price of $28.88. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $38.00.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share 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%. Sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on RAMP. Morgan Stanley increased their price target on LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Benchmark reissued a “buy” rating and issued a $45.00 price target on shares of LiveRamp in a research report on Wednesday, February 26th. Finally, Evercore ISI upped their price objective on LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. 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, the company presently 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.