Principal Financial Group Inc. Sells 470 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Principal Financial Group Inc. reduced its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 0.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 358,505 shares of the company’s stock after selling 470 shares during the quarter. Principal Financial Group Inc.’s holdings in LiveRamp were worth $8,884,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Boston Partners boosted its holdings in LiveRamp by 182.3% in the first quarter. Boston Partners now owns 851,397 shares of the company’s stock worth $29,226,000 after acquiring an additional 549,846 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new stake in LiveRamp in the second quarter worth $13,214,000. Assenagon Asset Management S.A. boosted its holdings in LiveRamp by 111.4% in the third quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock worth $13,857,000 after acquiring an additional 294,743 shares in the last quarter. Millennium Management LLC boosted its holdings in LiveRamp by 143.8% in the second quarter. Millennium Management LLC now owns 395,619 shares of the company’s stock worth $12,240,000 after acquiring an additional 233,329 shares in the last quarter. Finally, EVR Research LP bought a new stake in LiveRamp in the second quarter worth $5,879,000. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Stock Up 0.9 %

Shares of LiveRamp stock opened at $28.14 on Tuesday. The firm’s 50 day moving average price is $25.45 and its 200-day moving average price is $28.05. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $42.66. The company has a market cap of $1.84 billion, a P/E ratio of 562.80 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last released its earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.14. The company had revenue of $185.00 million during the quarter, compared to analysts’ expectations of $176.16 million. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. LiveRamp’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS. As a group, equities research analysts forecast that LiveRamp Holdings, Inc. will post 0.37 EPS for the current fiscal year.

Insider Buying and Selling at LiveRamp

In related news, Director Debora B. Tomlin sold 9,765 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total value of $244,808.55. Following the completion of the transaction, the director now directly owns 24,509 shares in the company, valued at $614,440.63. The trade was a 28.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kimberly Bloomston sold 4,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the transaction, the insider now 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. In the last ninety days, insiders sold 19,538 shares of company stock worth $495,471. Company insiders own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Craig Hallum decreased their price target on LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Benchmark decreased their price target on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Wells Fargo & Company assumed coverage on LiveRamp in a research note on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price target for the company. Macquarie restated an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a research note on Thursday, November 7th. Finally, Evercore ISI decreased their price target on LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.14.

LiveRamp Company 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.