272 Capital LP Acquires Shares of 157,962 LiveRamp Holdings, Inc. (NYSE:RAMP)

272 Capital LP purchased a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 157,962 shares of the company's stock, valued at approximately $3,914,000. LiveRamp accounts for approximately 2.0% of 272 Capital LP's portfolio, making the stock its 17th biggest holding. 272 Capital LP owned approximately 0.24% of LiveRamp at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in LiveRamp by 11.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,526,250 shares of the company's stock valued at $37,653,000 after acquiring an additional 157,696 shares during the period. Geode Capital Management LLC boosted its holdings in shares of LiveRamp by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,493,522 shares of the company's stock worth $37,017,000 after acquiring an additional 15,340 shares during the period. Barclays PLC grew its position in shares of LiveRamp by 56.3% in the third quarter. Barclays PLC now owns 438,121 shares of the company's stock valued at $10,857,000 after purchasing an additional 157,775 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in shares of LiveRamp by 164.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 27,864 shares of the company's stock valued at $690,000 after purchasing an additional 17,310 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in LiveRamp by 35.1% during the 3rd quarter. Wellington Management Group LLP now owns 31,306 shares of the company's stock worth $776,000 after purchasing an additional 8,133 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

Insider Transactions at LiveRamp

In other LiveRamp news, insider Kimberly Bloomston sold 4,000 shares of the business's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.17, for a total value of $100,680.00. Following the transaction, the insider now owns 117,247 shares in the company, valued at approximately $2,951,106.99. The trade was a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Debora B. Tomlin sold 9,765 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following the sale, the director now owns 24,509 shares of the company's stock, valued at approximately $614,440.63. This represents a 28.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.39% of the company's stock.

LiveRamp Trading Down 0.8 %

Shares of RAMP traded down $0.25 during midday trading on Friday, reaching $31.86. The stock had a trading volume of 279,149 shares, compared to its average volume of 636,748. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 642.20 and a beta of 0.97. LiveRamp Holdings, Inc. has a 12-month low of $21.45 and a 12-month high of $42.66. The company's 50-day moving average is $27.53 and its 200 day moving average is $27.89.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.37 by $0.14. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The firm had revenue of $185.00 million for the quarter, compared to the consensus estimate of $176.16 million. During the same period last year, the firm posted $0.21 earnings per share. The business's revenue was up 15.6% compared to the same quarter last year. Research analysts forecast that LiveRamp Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RAMP. Benchmark lowered their price target on shares of LiveRamp from $48.00 to $42.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Wells Fargo & Company initiated coverage on shares of LiveRamp in a report on Monday, October 28th. They issued an "equal weight" rating and a $25.00 price target for the company. Finally, Macquarie reaffirmed an "outperform" rating and issued a $43.00 price target on shares of LiveRamp in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, LiveRamp currently has an average rating of "Moderate Buy" and a consensus target price of $41.14.

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.