LiveRamp Holdings, Inc. (NYSE:RAMP) CRO Sells $1,416,888.20 in Stock

LiveRamp Holdings, Inc. (NYSE:RAMP) CRO Vihan Sharma sold 39,845 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the sale, the executive now directly owns 110,902 shares of the company’s stock, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

LiveRamp Trading Up 0.7 %

Shares of NYSE RAMP opened at $34.03 on Friday. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 3,403.20 and a beta of 0.96. The company has a 50 day simple moving average of $32.11 and a two-hundred day simple moving average of $28.25. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $38.00.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. Analysts forecast that LiveRamp Holdings, Inc. will post 0.36 EPS for the current year.

Institutional Investors Weigh In On LiveRamp

Institutional investors have recently added to or reduced their stakes in the stock. DT Investment Partners LLC lifted its holdings in LiveRamp by 62.6% during the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock valued at $35,000 after purchasing an additional 545 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in shares of LiveRamp during the 4th quarter worth about $38,000. Smartleaf Asset Management LLC lifted its stake in LiveRamp by 477.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock valued at $49,000 after buying an additional 1,332 shares in the last quarter. GAMMA Investing LLC boosted its holdings in LiveRamp by 232.2% in the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after buying an additional 1,189 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in LiveRamp by 101.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock worth $62,000 after buying an additional 1,027 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.