Putnam Investments LLC Has $1.02 Million Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Putnam Investments LLC lessened its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP – Get Rating) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,004 shares of the company’s stock after selling 1,023 shares during the period. Putnam Investments LLC owned about 0.08% of LiveRamp worth $1,017,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in RAMP. Eisler Capital UK Ltd. acquired a new stake in shares of LiveRamp in the 3rd quarter worth about $28,000. Richelieu Gestion PLC raised its holdings in shares of LiveRamp by 109.0% in the 3rd quarter. Richelieu Gestion PLC now owns 2,541 shares of the company’s stock worth $46,000 after acquiring an additional 1,325 shares during the last quarter. B. Riley Asset Management LLC purchased a new stake in LiveRamp in the 2nd quarter valued at about $52,000. Advisors Asset Management Inc. increased its stake in LiveRamp by 214.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,656 shares of the company’s stock valued at $62,000 after buying an additional 1,130 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in LiveRamp by 95.6% in the 2nd quarter. Captrust Financial Advisors now owns 3,020 shares of the company’s stock valued at $78,000 after buying an additional 1,476 shares during the last quarter. Institutional investors and hedge funds own 93.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Susquehanna increased their price objective on shares of LiveRamp from $30.00 to $35.00 and gave the company a “positive” rating in a research note on Wednesday, February 8th. Craig Hallum increased their price objective on shares of LiveRamp from $25.00 to $34.00 in a research note on Wednesday, February 8th. Morgan Stanley increased their price objective on shares of LiveRamp from $29.00 to $34.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 8th. Finally, Stephens raised their price target on shares of LiveRamp from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 8th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Insider Buying and Selling

In related news, CTO Mohsin Hussain sold 6,415 shares of the firm’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $26.30, for a total value of $168,714.50. Following the completion of the transaction, the chief technology officer now directly owns 102,601 shares of the company’s stock, valued at approximately $2,698,406.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.01% of the stock is owned by insiders.

LiveRamp Stock Down 3.3 %

Shares of RAMP stock opened at $20.49 on Tuesday. The company has a 50 day moving average of $24.66 and a 200-day moving average of $21.47. LiveRamp Holdings, Inc. has a 12-month low of $15.37 and a 12-month high of $40.10. The firm has a market cap of $1.33 billion, a P/E ratio of -11.78 and a beta of 1.14.

About LiveRamp

(Get Rating)

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.