Mohsin Hussain Sells 8,880 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) Stock

LiveRamp Holdings, Inc. (NYSE:RAMPGet Rating) CTO Mohsin Hussain sold 8,880 shares of LiveRamp stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $20.34, for a total value of $180,619.20. Following the completion of the sale, the chief technology officer now directly owns 124,120 shares of the company’s stock, valued at approximately $2,524,600.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

LiveRamp Price Performance

Shares of RAMP opened at $19.44 on Friday. The stock’s 50-day moving average is $23.41 and its two-hundred day moving average is $28.80. The stock has a market cap of $1.31 billion, a PE ratio of -16.90 and a beta of 1.14. LiveRamp Holdings, Inc. has a 12 month low of $18.74 and a 12 month high of $58.74.

LiveRamp (NYSE:RAMPGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. The company had revenue of $142.00 million for the quarter, compared to analysts’ expectations of $138.97 million. LiveRamp had a negative return on equity of 1.87% and a negative net margin of 14.21%. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share. On average, research analysts anticipate that LiveRamp Holdings, Inc. will post -0.82 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RAMP. Hawk Ridge Capital Management LP acquired a new position in shares of LiveRamp in the first quarter worth about $25,888,000. Assenagon Asset Management S.A. lifted its stake in shares of LiveRamp by 1,405.9% in the second quarter. Assenagon Asset Management S.A. now owns 613,474 shares of the company’s stock worth $15,834,000 after acquiring an additional 572,737 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of LiveRamp by 29.3% in the fourth quarter. Schroder Investment Management Group now owns 2,307,847 shares of the company’s stock worth $110,661,000 after acquiring an additional 523,243 shares in the last quarter. RGM Capital LLC lifted its stake in shares of LiveRamp by 14.9% in the first quarter. RGM Capital LLC now owns 2,954,389 shares of the company’s stock worth $110,465,000 after acquiring an additional 383,047 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of LiveRamp by 13.9% in the first quarter. Lazard Asset Management LLC now owns 2,883,554 shares of the company’s stock worth $107,815,000 after acquiring an additional 351,876 shares in the last quarter. Institutional investors and hedge funds own 96.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RAMP shares. Morgan Stanley lowered their price objective on LiveRamp from $41.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, July 14th. Susquehanna Bancshares lowered their price objective on LiveRamp from $50.00 to $45.00 and set a “positive” rating for the company in a research report on Friday, August 5th. Wells Fargo & Company lowered their price target on LiveRamp from $65.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, August 8th. Stephens lowered their price target on LiveRamp from $67.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, May 25th. Finally, Susquehanna lowered their price target on LiveRamp from $50.00 to $45.00 and set a “positive” rating for the company in a research report on Friday, August 5th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $51.67.

LiveRamp Company Profile

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LiveRamp Holdings, Inc, a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers RampID, a true people-based identifier; Safe Haven, an enterprise data enablement platform; LiveRamp Data Marketplace, a solution that seamlessly connects data owners' audience data across the marketing ecosystem; and AbiliTec, an offline identity resolution platform.

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