Verition Fund Management LLC lowered its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP – Get Rating) by 62.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,523 shares of the company’s stock after selling 21,181 shares during the period. Verition Fund Management LLC’s holdings in LiveRamp were worth $227,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Eisler Capital UK Ltd. purchased a new stake in shares of LiveRamp during the third quarter worth about $28,000. Richelieu Gestion PLC grew its holdings in shares of LiveRamp by 109.0% during the third quarter. Richelieu Gestion PLC now owns 2,541 shares of the company’s stock worth $46,000 after buying an additional 1,325 shares in the last quarter. B. Riley Asset Management LLC purchased a new stake in shares of LiveRamp during the second quarter worth about $52,000. Advisors Asset Management Inc. grew its holdings in shares of LiveRamp by 214.8% during the first quarter. Advisors Asset Management Inc. now owns 1,656 shares of the company’s stock worth $62,000 after buying an additional 1,130 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of LiveRamp by 95.6% during the second quarter. Captrust Financial Advisors now owns 3,020 shares of the company’s stock worth $78,000 after buying an additional 1,476 shares in the last quarter. Institutional investors and hedge funds own 93.19% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. Craig Hallum lifted their price target on shares of LiveRamp from $25.00 to $34.00 in a report on Wednesday, February 8th. Stephens boosted their target price on shares of LiveRamp from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Susquehanna boosted their target price on shares of LiveRamp from $30.00 to $35.00 and gave the company a “positive” rating in a report on Wednesday, February 8th. Finally, Morgan Stanley boosted their target price on shares of LiveRamp from $29.00 to $34.00 and gave the company an “equal weight” rating in a report on Wednesday, February 8th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.00.
LiveRamp Trading Down 5.1 %
Insider Transactions at LiveRamp
In other news, CTO Mohsin Hussain sold 6,415 shares of the business’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $26.30, for a total transaction of $168,714.50. Following the transaction, the chief technology officer now directly owns 102,601 shares of the company’s stock, valued at $2,698,406.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.01% of the company’s stock.
LiveRamp Company Profile
LiveRamp Holdings, Inc operates as a global technology company. It is engaged in providing identity platform leveraged by brands and partners to deliver innovative products and exceptional experiences. The firm’s identifyLink connects people, data and devices across the digital and physical world, powering the people-based marketing revolution and allowing consumers to safely connect with brands and products.
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