Louisiana State Employees Retirement System Sells 1,100 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Louisiana State Employees Retirement System lessened its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,200 shares of the company’s stock after selling 1,100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in LiveRamp were worth $798,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. DT Investment Partners LLC lifted its position in shares of LiveRamp by 62.6% in the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock worth $35,000 after buying an additional 545 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of LiveRamp by 111.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after acquiring an additional 294,743 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in LiveRamp by 18.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 45,102 shares of the company’s stock worth $1,118,000 after purchasing an additional 6,873 shares during the last quarter. Blue Trust Inc. boosted its position in LiveRamp by 668.9% during the third quarter. Blue Trust Inc. now owns 8,189 shares of the company’s stock worth $203,000 after purchasing an additional 7,124 shares during the period. Finally, Creative Planning acquired a new position in LiveRamp during the third quarter valued at approximately $365,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at LiveRamp

In related news, insider Kimberly Bloomston sold 4,000 shares of LiveRamp stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the transaction, the insider now directly owns 117,247 shares of the company’s stock, valued at $2,951,106.99. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other LiveRamp news, insider Kimberly Bloomston sold 4,000 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the transaction, the insider now owns 117,247 shares of the company’s stock, valued at approximately $2,951,106.99. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Mohsin Hussain sold 5,773 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $25.98, for a total value of $149,982.54. Following the completion of the sale, the chief technology officer now owns 73,614 shares of the company’s stock, valued at approximately $1,912,491.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,538 shares of company stock valued at $495,471. 3.39% of the stock is owned by insiders.

LiveRamp Price Performance

Shares of LiveRamp stock opened at $24.79 on Tuesday. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $42.66. The firm has a market capitalization of $1.65 billion, a PE ratio of 275.48 and a beta of 0.96. The company’s fifty day moving average price is $24.95 and its two-hundred day moving average price is $28.42.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.04. LiveRamp had a net margin of 0.88% and a return on equity of 2.14%. The firm had revenue of $175.96 million during the quarter, compared to analyst estimates of $171.92 million. During the same quarter in the prior year, the business posted $0.09 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. Analysts predict that LiveRamp Holdings, Inc. will post 0.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RAMP. StockNews.com downgraded shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 16th. Benchmark dropped their price objective on LiveRamp from $56.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, October 7th. Craig Hallum cut their price objective on LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company assumed coverage on LiveRamp in a report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 target price on the stock. Finally, Evercore ISI cut their price target on LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $41.83.

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.