LiveRamp Holdings, Inc. $RAMP Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 7.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,150 shares of the company’s stock after purchasing an additional 2,712 shares during the period. State of Alaska Department of Revenue owned 0.06% of LiveRamp worth $1,292,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of RAMP. Strs Ohio acquired a new stake in LiveRamp in the 1st quarter worth approximately $31,000. State of Wyoming acquired a new stake in LiveRamp during the 1st quarter valued at approximately $49,000. Blue Trust Inc. lifted its stake in LiveRamp by 63.0% during the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company’s stock valued at $67,000 after acquiring an additional 989 shares during the period. Jump Financial LLC acquired a new stake in LiveRamp during the 1st quarter valued at approximately $209,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in LiveRamp during the 1st quarter valued at approximately $212,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 12,734 shares of LiveRamp stock in a transaction on Monday, September 8th. The shares were sold at an average price of $27.94, for a total transaction of $355,787.96. Following the sale, the chief technology officer owned 63,409 shares of the company’s stock, valued at $1,771,647.46. The trade was a 16.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Timothy R. Cadogan sold 2,500 shares of LiveRamp stock in a transaction on Monday, July 7th. The stock was sold at an average price of $34.00, for a total transaction of $85,000.00. Following the sale, the director directly owned 55,470 shares in the company, valued at approximately $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 Stock Performance

Shares of NYSE RAMP opened at $27.37 on Friday. The firm has a market cap of $1.80 billion, a PE ratio of 124.41 and a beta of 0.90. The firm has a fifty day moving average of $28.07 and a 200 day moving average of $29.06. LiveRamp Holdings, Inc. has a one year low of $22.82 and a one year high of $36.08.

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 company had revenue of $194.82 million during the quarter, compared to analyst estimates of $191.22 million. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 EPS. On average, equities analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

RAMP has been the subject of several research reports. Zacks Research cut shares of LiveRamp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 19th. Wall Street Zen upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Weiss Ratings restated a “hold (c-)” rating on shares of LiveRamp in a research note on Saturday, September 27th. Morgan Stanley decreased their price objective on shares of LiveRamp from $34.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 12th. Finally, Benchmark restated a “buy” rating and set a $51.00 price objective (up from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, LiveRamp has a consensus rating of “Hold” and an average target price of $40.83.

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.