LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 35.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 160,835 shares of the company’s stock after selling 87,738 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.24% of LiveRamp worth $4,277,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in LiveRamp during the fourth quarter worth approximately $392,000. Blue Trust Inc. raised its holdings in LiveRamp by 63.0% during the first quarter. Blue Trust Inc. now owns 2,558 shares of the company’s stock worth $67,000 after purchasing an additional 989 shares in the last quarter. SG Americas Securities LLC acquired a new stake in LiveRamp during the first quarter worth approximately $543,000. Smartleaf Asset Management LLC raised its holdings in LiveRamp by 477.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $49,000 after purchasing an additional 1,332 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in LiveRamp by 4.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,557 shares of the company’s stock worth $1,141,000 after purchasing an additional 1,766 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analyst Upgrades and Downgrades

RAMP has been the topic of a number of research analyst reports. Morgan Stanley raised their price objective on shares of LiveRamp from $28.00 to $34.00 and gave the stock an “equal weight” rating in a report on Friday, May 23rd. Benchmark reaffirmed a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of LiveRamp in a report on Thursday, May 22nd. Wall Street Zen raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 22nd. Wells Fargo & Company lifted their target price on shares of LiveRamp from $26.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, May 22nd. Finally, Evercore ISI reaffirmed an “underperform” rating on shares of LiveRamp in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, LiveRamp presently has a consensus rating of “Moderate Buy” and an average price target of $40.67.

Insider Transactions at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 17,529 shares of the business’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total value of $578,457.00. Following the transaction, the chief technology officer directly owned 79,616 shares of the company’s stock, valued at approximately $2,627,328. The trade was a 18.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.31% of the company’s stock.

LiveRamp Stock Performance

Shares of RAMP opened at $33.55 on Monday. The stock has a market capitalization of $2.18 billion, a P/E ratio of -3,355.00 and a beta of 1.01. The company’s fifty day moving average is $30.77 and its two-hundred day moving average is $29.91. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $36.08.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $188.72 million during the quarter, compared to analyst estimates of $185.41 million. LiveRamp had a negative net margin of 0.11% and a positive return on equity of 1.33%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 earnings per share. Sell-side analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

LiveRamp Company 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.