LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 12.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 810,917 shares of the company’s stock after purchasing an additional 90,878 shares during the period. JPMorgan Chase & Co. owned 1.23% of LiveRamp worth $24,628,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of RAMP. First Horizon Advisors Inc. acquired a new stake in LiveRamp during the fourth quarter valued at approximately $38,000. Smartleaf Asset Management LLC increased its holdings in shares of LiveRamp by 477.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock valued at $49,000 after acquiring an additional 1,332 shares during the last quarter. GAMMA Investing LLC raised its position in shares of LiveRamp by 232.2% during the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock valued at $52,000 after acquiring an additional 1,189 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in LiveRamp by 101.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock worth $62,000 after purchasing an additional 1,027 shares during the last quarter. Finally, KBC Group NV increased its stake in LiveRamp by 57.0% during the fourth quarter. KBC Group NV now owns 3,457 shares of the company’s stock valued at $105,000 after purchasing an additional 1,255 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Trading Up 11.7 %

RAMP opened at $26.31 on Thursday. The business’s 50 day moving average is $29.12 and its 200-day moving average is $28.92. The stock has a market cap of $1.73 billion, a PE ratio of 2,631.00 and a beta of 1.05. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $38.00.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. As a group, analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Insider Activity

In other news, CTO Mohsin Hussain sold 3,554 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the sale, the chief technology officer now owns 57,594 shares in the company, valued at approximately $1,939,189.98. This represents a 5.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Vihan Sharma sold 39,845 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $35.56, for a total value of $1,416,888.20. Following the completion of the transaction, the executive now owns 110,902 shares of the company’s stock, valued at $3,943,675.12. This trade represents a 26.43 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on RAMP shares. Morgan Stanley raised their price target on shares of LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Evercore ISI lifted their target price on LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Finally, Benchmark restated a “buy” rating and set a $45.00 price objective on shares of LiveRamp in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.83.

About LiveRamp

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.