LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,811 shares of the company’s stock after selling 569 shares during the quarter. Maryland State Retirement & Pension System’s holdings in LiveRamp were worth $902,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its position in LiveRamp by 187.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 14,206 shares of the company’s stock worth $410,000 after purchasing an additional 9,269 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in LiveRamp by 20.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,676 shares of the company’s stock worth $394,000 after buying an additional 2,294 shares in the last quarter. Mackenzie Financial Corp grew its position in LiveRamp by 27.0% during the third quarter. Mackenzie Financial Corp now owns 34,298 shares of the company’s stock valued at $985,000 after buying an additional 7,285 shares during the period. Teacher Retirement System of Texas increased its holdings in LiveRamp by 147.5% in the third quarter. Teacher Retirement System of Texas now owns 40,644 shares of the company’s stock valued at $1,172,000 after buying an additional 24,225 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC acquired a new position in shares of LiveRamp in the third quarter worth about $1,957,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

Shares of LiveRamp stock opened at $32.69 on Friday. The business has a 50 day simple moving average of $33.54 and a two-hundred day simple moving average of $34.79. The stock has a market capitalization of $2.14 billion, a P/E ratio of -148.57 and a beta of 1.00. LiveRamp Holdings, Inc. has a 12 month low of $23.15 and a 12 month high of $42.66.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. The firm had revenue of $173.87 million during the quarter, compared to the consensus estimate of $174.00 million. LiveRamp had a positive return on equity of 1.57% and a negative net margin of 2.22%. As a group, research analysts anticipate that LiveRamp Holdings, Inc. will post 0.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on RAMP shares. Benchmark restated a “buy” rating and set a $51.00 target price on shares of LiveRamp in a research report on Monday, March 4th. Craig Hallum boosted their price objective on LiveRamp from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Susquehanna increased their target price on LiveRamp from $45.00 to $50.00 and gave the company a “positive” rating in a research report on Friday, February 9th. Finally, StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 16th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $47.75.

Insiders Place Their Bets

In related news, Director Timothy R. Cadogan sold 1,500 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $37.00, for a total transaction of $55,500.00. Following the completion of the sale, the director now owns 51,016 shares of the company’s stock, valued at approximately $1,887,592. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.93% of the stock is currently owned by corporate insiders.

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.