Motley Fool Asset Management LLC Sells 978 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Motley Fool Asset Management LLC lessened its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,944 shares of the company’s stock after selling 978 shares during the period. Motley Fool Asset Management LLC owned 0.07% of LiveRamp worth $1,129,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in RAMP. Price T Rowe Associates Inc. MD grew its holdings in LiveRamp by 8.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,755 shares of the company’s stock valued at $786,000 after buying an additional 1,803 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in LiveRamp in the 1st quarter valued at $87,000. Carolina Wealth Advisors LLC grew its holdings in LiveRamp by 11.2% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 27,349 shares of the company’s stock valued at $846,000 after buying an additional 2,764 shares in the last quarter. SG Americas Securities LLC acquired a new position in LiveRamp in the 2nd quarter valued at $509,000. Finally, Assenagon Asset Management S.A. grew its holdings in LiveRamp by 32.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 264,470 shares of the company’s stock valued at $8,183,000 after buying an additional 64,155 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

Insider Buying and Selling at LiveRamp

In other news, Director Debora B. Tomlin sold 9,765 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction 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. This trade represents a 28.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kimberly Bloomston sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the transaction, the insider now owns 117,247 shares of the company’s stock, valued at $2,951,106.99. This trade 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.

Wall Street Analysts Forecast Growth

RAMP has been the topic of a number of research reports. Evercore ISI decreased their price objective on LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Benchmark reduced their target price on LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Macquarie reissued an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. Craig Hallum reduced their target price on LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Wells Fargo & Company began coverage on LiveRamp in a report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price on the stock. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, LiveRamp presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.14.

LiveRamp Stock Up 2.0 %

Shares of RAMP stock opened at $31.67 on Thursday. The company has a market cap of $2.07 billion, a P/E ratio of 633.40 and a beta of 0.97. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $42.66. The business has a fifty day simple moving average of $26.51 and a 200 day simple moving average of $27.87.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.37 by $0.14. The firm had revenue of $185.00 million during the quarter, compared to the consensus estimate of $176.16 million. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. As a group, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current fiscal 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.