Insider Selling: LiveRamp Holdings, Inc. (NYSE:RAMP) CTO Sells 5,773 Shares of Stock

LiveRamp Holdings, Inc. (NYSE:RAMP) CTO Mohsin Hussain sold 5,773 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $25.98, for a total transaction of $149,982.54. Following the completion of the sale, the chief technology officer now owns 73,614 shares of the company’s stock, valued at approximately $1,912,491.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

LiveRamp Trading Down 2.7 %

LiveRamp stock opened at $24.94 on Friday. The stock has a 50-day moving average price of $27.98 and a 200 day moving average price of $31.16. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $42.66. The stock has a market cap of $1.67 billion, a PE ratio of 138.53 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.35 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $171.92 million. During the same quarter in the previous year, the business posted $0.09 earnings per share. The company’s revenue was up 14.2% on a year-over-year basis. On average, equities analysts predict that LiveRamp Holdings, Inc. will post 0.37 EPS for the current year.

Analyst Upgrades and Downgrades

RAMP has been the subject of a number of research reports. StockNews.com downgraded shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Benchmark reissued a “buy” rating and issued a $56.00 target price on shares of LiveRamp in a report on Tuesday, August 6th. Macquarie raised LiveRamp to a “strong-buy” rating in a research note on Thursday, August 8th. Evercore ISI lowered their price objective on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Craig Hallum cut their target price on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $46.80.

Institutional Investors Weigh In On LiveRamp

Several hedge funds have recently made changes to their positions in the business. DT Investment Partners LLC purchased a new position in LiveRamp during the second quarter worth about $27,000. Quarry LP lifted its holdings in shares of LiveRamp by 4,575.0% during the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after acquiring an additional 915 shares during the period. Blue Trust Inc. boosted its position in shares of LiveRamp by 187.1% in the second quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after acquiring an additional 694 shares during the last quarter. Covestor Ltd grew its holdings in LiveRamp by 44.9% in the first quarter. Covestor Ltd now owns 2,131 shares of the company’s stock valued at $73,000 after purchasing an additional 660 shares during the period. Finally, Quest Partners LLC acquired a new position in LiveRamp during the fourth quarter worth approximately $93,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

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.