LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by US Bancorp DE

US Bancorp DE reduced its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 7.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,613 shares of the company’s stock after selling 631 shares during the quarter. US Bancorp DE’s holdings in LiveRamp were worth $199,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RAMP. Dimensional Fund Advisors LP increased its position in shares of LiveRamp by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,694,801 shares of the company’s stock valued at $81,843,000 after buying an additional 121,856 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of LiveRamp by 10.3% in the fourth quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company’s stock valued at $54,600,000 after buying an additional 168,418 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in shares of LiveRamp by 27.1% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 997,402 shares of the company’s stock valued at $26,072,000 after buying an additional 212,572 shares in the last quarter. Northern Trust Corp increased its position in shares of LiveRamp by 10.9% in the fourth quarter. Northern Trust Corp now owns 761,316 shares of the company’s stock valued at $23,121,000 after buying an additional 74,560 shares in the last quarter. Finally, Barclays PLC increased its position in shares of LiveRamp by 6.9% in the fourth quarter. Barclays PLC now owns 468,322 shares of the company’s stock valued at $14,222,000 after buying an additional 30,201 shares in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RAMP has been the subject of a number of recent analyst reports. DA Davidson initiated coverage on LiveRamp in a research report on Wednesday, July 9th. They issued a “buy” rating and a $45.00 price objective for the company. Wells Fargo & Company boosted their price objective on LiveRamp from $26.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, May 22nd. Wall Street Zen upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 22nd. Morgan Stanley dropped their price target on LiveRamp from $34.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, Benchmark reiterated a “buy” rating and set a $51.00 price target (up from $48.00) on shares of LiveRamp in a research report on Tuesday, August 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, LiveRamp presently has an average rating of “Moderate Buy” and a consensus target price of $40.83.

LiveRamp Stock Performance

Shares of RAMP opened at $26.64 on Friday. LiveRamp Holdings, Inc. has a one year low of $22.82 and a one year high of $36.08. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 121.10 and a beta of 1.00. The stock has a 50 day moving average price of $31.73 and a 200 day moving average price of $29.95.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $194.82 million during the quarter, compared to analysts’ expectations of $191.22 million. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share. On average, analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Insiders Place Their Bets

In other LiveRamp news, CTO Mohsin Hussain sold 17,529 shares of the business’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total transaction of $578,457.00. Following the transaction, the chief technology officer owned 79,616 shares of the company’s stock, valued at approximately $2,627,328. The trade was a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Timothy R. Cadogan sold 2,500 shares of the business’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $34.00, for a total value of $85,000.00. Following the transaction, the director directly owned 55,470 shares in the company, valued at $1,885,980. This trade represents a 4.31% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.31% of the company’s stock.

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.