LiveRamp Holdings, Inc. (NYSE:RAMP) Holdings Decreased by Arizona State Retirement System

Arizona State Retirement System cut its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,509 shares of the company’s stock after selling 456 shares during the period. Arizona State Retirement System’s holdings in LiveRamp were worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of LiveRamp in the 4th quarter worth about $21,513,000. Dimensional Fund Advisors LP boosted its stake in LiveRamp by 39.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,203,920 shares of the company’s stock valued at $48,330,000 after acquiring an additional 626,372 shares during the period. Nuveen Asset Management LLC boosted its stake in LiveRamp by 290.9% in the second quarter. Nuveen Asset Management LLC now owns 686,355 shares of the company’s stock valued at $19,602,000 after acquiring an additional 510,785 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in shares of LiveRamp during the third quarter valued at approximately $12,742,000. Finally, Millennium Management LLC raised its position in shares of LiveRamp by 173.6% during the 4th quarter. Millennium Management LLC now owns 693,887 shares of the company’s stock worth $16,265,000 after purchasing an additional 440,300 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Insider Activity at LiveRamp

In other LiveRamp news, Director Timothy R. Cadogan sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $37.00, for a total value of $55,500.00. Following the completion of the sale, the director now directly owns 51,016 shares in the company, valued at $1,887,592. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.93% of the company’s stock.

LiveRamp Stock Performance

Shares of RAMP stock opened at $32.18 on Friday. LiveRamp Holdings, Inc. has a 1 year low of $22.52 and a 1 year high of $42.66. The firm has a market capitalization of $2.11 billion, a PE ratio of -146.27 and a beta of 1.00. The stock has a fifty day moving average of $34.74 and a two-hundred day moving average of $34.44.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $173.87 million for the quarter, compared to analysts’ expectations of $174.00 million. LiveRamp had a negative net margin of 2.22% and a positive return on equity of 1.57%. Equities research analysts predict that LiveRamp Holdings, Inc. will post 0.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RAMP has been the subject of a number of analyst reports. Craig Hallum boosted their price objective on LiveRamp from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Benchmark reaffirmed a “buy” rating and issued a $51.00 price objective on shares of LiveRamp in a report on Monday, March 4th. Finally, Susquehanna boosted their target price on shares of LiveRamp from $45.00 to $50.00 and gave the company a “positive” rating in a research note on Friday, February 9th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $47.75.

LiveRamp Profile

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.