Putnam Investments LLC Sells 1,023 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Putnam Investments LLC decreased its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP – Get Rating) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,004 shares of the company’s stock after selling 1,023 shares during the quarter. Putnam Investments LLC owned approximately 0.08% of LiveRamp worth $1,017,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Ziegler Capital Management LLC grew its stake in shares of LiveRamp by 46.5% in the third quarter. Ziegler Capital Management LLC now owns 57,836 shares of the company’s stock worth $1,050,000 after purchasing an additional 18,360 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of LiveRamp by 183.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 165,775 shares of the company’s stock worth $3,010,000 after purchasing an additional 107,291 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in shares of LiveRamp in the third quarter worth $610,000. Bank of Montreal Can grew its stake in shares of LiveRamp by 4.9% in the second quarter. Bank of Montreal Can now owns 189,255 shares of the company’s stock worth $5,590,000 after purchasing an additional 8,758 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in LiveRamp during the third quarter valued at $650,000. Institutional investors own 93.19% of the company’s stock.

LiveRamp Price Performance

RAMP opened at $20.49 on Tuesday. LiveRamp Holdings, Inc. has a fifty-two week low of $15.37 and a fifty-two week high of $40.10. The firm has a market capitalization of $1.33 billion, a PE ratio of -11.78 and a beta of 1.14. The company’s 50-day moving average is $24.66 and its 200 day moving average is $21.47.

Insider Buying and Selling

In related news, CTO Mohsin Hussain sold 6,415 shares of the company’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $26.30, for a total value of $168,714.50. Following the sale, the chief technology officer now owns 102,601 shares in the company, valued at approximately $2,698,406.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.01% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Susquehanna upped their price target on shares of LiveRamp from $30.00 to $35.00 and gave the company a “positive” rating in a research report on Wednesday, February 8th. Craig Hallum upped their price target on shares of LiveRamp from $25.00 to $34.00 in a research report on Wednesday, February 8th. Morgan Stanley upped their price target on shares of LiveRamp from $29.00 to $34.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 8th. Finally, Stephens upped their price target on shares of LiveRamp from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, LiveRamp has a consensus rating of “Moderate Buy” and an average target price of $37.00.

About LiveRamp

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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.