Walleye Capital LLC Reduces Stock Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Walleye Capital LLC lessened its holdings in LiveRamp Holdings, Inc. (NYSE:RAMPGet Rating) by 93.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,044 shares of the company’s stock after selling 224,862 shares during the quarter. Walleye Capital LLC’s holdings in LiveRamp were worth $440,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FourThought Financial LLC boosted its stake in shares of LiveRamp by 14.9% during the first quarter. FourThought Financial LLC now owns 2,577 shares of the company’s stock worth $96,000 after buying an additional 334 shares during the period. Advisor Group Holdings Inc. lifted its position in LiveRamp by 14.3% in the first quarter. Advisor Group Holdings Inc. now owns 3,029 shares of the company’s stock valued at $113,000 after purchasing an additional 378 shares during the period. Victory Capital Management Inc. lifted its position in LiveRamp by 3.4% in the second quarter. Victory Capital Management Inc. now owns 15,935 shares of the company’s stock valued at $411,000 after purchasing an additional 530 shares during the period. Teacher Retirement System of Texas lifted its position in LiveRamp by 4.9% in the first quarter. Teacher Retirement System of Texas now owns 14,046 shares of the company’s stock valued at $525,000 after purchasing an additional 659 shares during the period. Finally, Wrapmanager Inc. lifted its position in LiveRamp by 6.7% in the first quarter. Wrapmanager Inc. now owns 14,224 shares of the company’s stock valued at $532,000 after purchasing an additional 897 shares during the period. Hedge funds and other institutional investors own 96.59% of the company’s stock.

Wall Street Analyst Weigh In

RAMP has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their price objective on shares of LiveRamp from $65.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, August 8th. Morgan Stanley dropped their target price on shares of LiveRamp from $32.00 to $29.00 and set an “overweight” rating for the company in a report on Wednesday, November 9th. Craig Hallum dropped their target price on shares of LiveRamp from $30.00 to $25.00 in a report on Wednesday, November 9th. Benchmark started coverage on shares of LiveRamp in a report on Monday, September 19th. They issued a “hold” rating for the company. Finally, StockNews.com started coverage on shares of LiveRamp in a report on Wednesday, October 12th. They issued a “buy” rating for the company. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Insiders Place Their Bets

In other LiveRamp news, CTO Mohsin Hussain sold 8,880 shares of LiveRamp stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Clark M. Kokich bought 10,500 shares of the stock in a transaction on Friday, September 9th. The stock was purchased at an average cost of $20.02 per share, with a total value of $210,210.00. Following the purchase, the director now owns 78,921 shares of the company’s stock, valued at $1,579,998.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $180,619.20. Following the completion of the transaction, the chief technology officer now owns 124,120 shares in the company, valued at approximately $2,524,600.80. The disclosure for this sale can be found here. In the last three months, insiders bought 11,264 shares of company stock valued at $225,201. Company insiders own 3.01% of the company’s stock.

LiveRamp Price Performance

Shares of RAMP opened at $21.99 on Thursday. The firm has a 50 day simple moving average of $18.24 and a 200-day simple moving average of $22.18. LiveRamp Holdings, Inc. has a 1-year low of $15.37 and a 1-year high of $55.98. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -14.56 and a beta of 1.09.

About LiveRamp

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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.

Further Reading

Institutional Ownership by Quarter for LiveRamp (NYSE:RAMP)

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