Wells Fargo & Company MN Purchases 52,226 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Wells Fargo & Company MN increased its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 84.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 113,736 shares of the company’s stock after purchasing an additional 52,226 shares during the quarter. Wells Fargo & Company MN owned approximately 0.17% of LiveRamp worth $3,454,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pitcairn Co. bought a new stake in shares of LiveRamp in the 4th quarter valued at approximately $334,000. ExodusPoint Capital Management LP bought a new stake in LiveRamp in the fourth quarter valued at $1,491,000. Motley Fool Asset Management LLC raised its stake in LiveRamp by 99.8% during the fourth quarter. Motley Fool Asset Management LLC now owns 93,814 shares of the company’s stock worth $2,849,000 after acquiring an additional 46,870 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of LiveRamp by 3.7% during the fourth quarter. Franklin Resources Inc. now owns 1,582,917 shares of the company’s stock valued at $48,073,000 after acquiring an additional 56,667 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in shares of LiveRamp by 46.5% in the 4th quarter. Alliancebernstein L.P. now owns 169,739 shares of the company’s stock valued at $5,155,000 after purchasing an additional 53,869 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Stock Performance

Shares of RAMP stock opened at $25.27 on Wednesday. The firm’s 50 day moving average price is $27.41 and its two-hundred day moving average price is $28.94. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $38.00. The stock has a market cap of $1.66 billion, a PE ratio of 2,527.00 and a beta of 1.05.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) 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, sell-side analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Transactions at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 3,554 shares of LiveRamp stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the transaction, the chief technology officer now directly owns 57,594 shares in the company, valued at approximately $1,939,189.98. The trade was a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Vihan Sharma sold 39,845 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $35.56, for a total value of $1,416,888.20. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.39% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on RAMP. Benchmark reissued a “buy” rating and set a $45.00 price target on shares of LiveRamp in a report on Wednesday, February 26th. Morgan Stanley reissued an “equal weight” rating on shares of LiveRamp in a research note on Wednesday, April 16th. Evercore ISI reiterated an “underperform” rating on shares of LiveRamp in a research report on Wednesday, April 16th. Finally, StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, LiveRamp currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.17.

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.