Quantbot Technologies LP Cuts Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Quantbot Technologies LP lessened its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 19.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 39,108 shares of the company’s stock after selling 9,519 shares during the quarter. Quantbot Technologies LP’s holdings in LiveRamp were worth $1,188,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. purchased a new stake in LiveRamp during the 4th quarter worth about $38,000. Smartleaf Asset Management LLC boosted its holdings in shares of 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 shares of LiveRamp by 232.2% in the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock valued at $52,000 after buying an additional 1,189 shares in the last quarter. Parkside Financial Bank & Trust raised 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 acquiring an additional 1,027 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in LiveRamp in the third quarter valued at $92,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on RAMP. Benchmark reaffirmed a “buy” rating and set a $45.00 price objective on shares of LiveRamp in a report on Wednesday, February 26th. Evercore ISI lifted their price target on LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Finally, Morgan Stanley lifted their target price 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 analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.83.

LiveRamp Price Performance

LiveRamp stock opened at $27.53 on Wednesday. The business has a 50 day simple moving average of $31.10 and a 200-day simple moving average of $28.95. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $38.00. The stock has a market capitalization of $1.81 billion, a PE ratio of 2,753.00 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data 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%. As a group, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Insider Buying and Selling at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 3,554 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $33.67, for a total value of $119,663.18. Following the completion of the sale, the chief technology officer now owns 57,594 shares of the company’s stock, valued at approximately $1,939,189.98. This trade represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the transaction, the executive now directly owns 110,902 shares in the company, valued at approximately $3,943,675.12. This trade represents a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is owned by corporate insiders.

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.