LiveRamp Holdings, Inc. (NYSE:RAMP) CTO Sells $149,982.54 in Stock

LiveRamp Holdings, Inc. (NYSE:RAMP) CTO Mohsin Hussain sold 5,773 shares of LiveRamp stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $25.98, for a total value of $149,982.54. Following the sale, the chief technology officer now directly owns 73,614 shares of the company’s stock, valued at $1,912,491.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

LiveRamp Stock Performance

Shares of LiveRamp stock opened at $24.94 on Friday. The company’s fifty day moving average is $27.98 and its two-hundred day moving average is $31.16. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $42.66. The company has a market capitalization of $1.67 billion, a P/E ratio of 138.53 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. The firm had revenue of $175.96 million for the quarter, compared to analysts’ expectations of $171.92 million. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 EPS. As a group, equities analysts expect that LiveRamp Holdings, Inc. will post 0.37 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. StockNews.com cut LiveRamp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 16th. Morgan Stanley lowered their target price on shares of LiveRamp from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, May 23rd. Macquarie upgraded shares of LiveRamp to a “strong-buy” rating in a research note on Thursday, August 8th. Benchmark restated a “buy” rating and issued a $56.00 price objective on shares of LiveRamp in a research note on Tuesday, August 6th. Finally, Evercore ISI cut their target price on LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, LiveRamp currently has a consensus rating of “Buy” and an average price target of $46.80.

Institutional Investors Weigh In On LiveRamp

Several large investors have recently modified their holdings of the stock. Victory Capital Management Inc. raised its position in LiveRamp by 13.9% during the 4th quarter. Victory Capital Management Inc. now owns 13,760 shares of the company’s stock worth $521,000 after buying an additional 1,674 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in LiveRamp by 33.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 24,595 shares of the company’s stock valued at $932,000 after purchasing an additional 6,200 shares during the period. Spire Wealth Management purchased a new stake in LiveRamp in the 4th quarter valued at approximately $739,000. Bronte Capital Management Pty Ltd. acquired a new position in LiveRamp during the 4th quarter worth approximately $2,307,000. Finally, Teacher Retirement System of Texas raised its stake in shares of LiveRamp by 18.3% during the 4th quarter. Teacher Retirement System of Texas now owns 48,089 shares of the company’s stock worth $1,822,000 after buying an additional 7,445 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

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.