King Luther Capital Management Corp Boosts Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

King Luther Capital Management Corp increased its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,921 shares of the company’s stock after buying an additional 8,854 shares during the period. King Luther Capital Management Corp owned 0.23% of LiveRamp worth $4,462,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in RAMP. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in LiveRamp during the 3rd quarter valued at about $1,187,000. Royce & Associates LP increased its position in LiveRamp by 75.6% during the 3rd quarter. Royce & Associates LP now owns 317,910 shares of the company’s stock valued at $7,878,000 after purchasing an additional 136,900 shares during the period. HighTower Advisors LLC purchased a new position in LiveRamp during the 3rd quarter valued at about $439,000. American Capital Management Inc. increased its position in LiveRamp by 46.7% during the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock valued at $71,312,000 after purchasing an additional 916,578 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in LiveRamp by 55.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 355,131 shares of the company’s stock valued at $8,800,000 after purchasing an additional 126,527 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Insider Buying and Selling

In other LiveRamp news, CRO Vihan Sharma sold 39,845 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the executive now directly owns 110,902 shares of the company’s stock, valued at approximately $3,943,675.12. This trade represents a 26.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Mohsin Hussain sold 3,554 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the transaction, the chief technology officer now directly owns 57,594 shares of the company’s stock, valued at $1,939,189.98. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is owned by company insiders.

LiveRamp Stock Up 0.9 %

RAMP stock opened at $26.57 on Thursday. The firm has a 50 day moving average of $31.67 and a 200 day moving average of $28.84. The stock has a market capitalization of $1.75 billion, a PE ratio of 2,656.90 and a beta of 0.96. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $38.00.

LiveRamp (NYSE:RAMP) last released its earnings results on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. On average, equities research analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Analyst Ratings Changes

RAMP has been the topic of a number of research reports. Evercore ISI raised their target price on shares of LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Benchmark restated a “buy” rating and issued a $45.00 price target on shares of LiveRamp in a report on Wednesday, February 26th. Finally, Morgan Stanley raised their price target on shares of LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Two investment 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, LiveRamp has an average rating of “Moderate Buy” and a consensus price target of $39.83.

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.