Inceptionr LLC Makes New $700,000 Investment in LiveRamp Holdings, Inc. (NYSE:RAMP)

Inceptionr LLC bought a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 23,051 shares of the company's stock, valued at approximately $700,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in LiveRamp in the third quarter valued at approximately $1,187,000. Royce & Associates LP grew its stake in LiveRamp by 75.6% in the 3rd quarter. Royce & Associates LP now owns 317,910 shares of the company's stock valued at $7,878,000 after acquiring an additional 136,900 shares during the period. HighTower Advisors LLC purchased a new stake in LiveRamp in the 3rd quarter worth $439,000. Robeco Institutional Asset Management B.V. raised its position in LiveRamp by 353.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 66,911 shares of the company's stock worth $1,658,000 after acquiring an additional 52,166 shares during the period. Finally, American Capital Management Inc. lifted its holdings in LiveRamp by 46.7% during the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company's stock valued at $71,312,000 after purchasing an additional 916,578 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Stock Up 5.1 %

Shares of RAMP traded up $1.28 during midday trading on Tuesday, reaching $26.46. The company had a trading volume of 1,083,779 shares, compared to its average volume of 582,773. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $38.00. The firm has a 50 day simple moving average of $31.82 and a 200-day simple moving average of $28.85. The stock has a market cap of $1.74 billion, a PE ratio of 2,645.50 and a beta of 0.96.

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LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. As a group, sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Activity at LiveRamp

In other news, CRO Vihan Sharma sold 39,845 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $35.56, for a total value of $1,416,888.20. Following the sale, the executive now directly owns 110,902 shares of the company's stock, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Mohsin Hussain sold 3,554 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the transaction, the chief technology officer now directly owns 57,594 shares of the company's stock, valued at $1,939,189.98. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

RAMP has been the topic of a number of research reports. Benchmark reaffirmed a "buy" rating and issued a $45.00 price target on shares of LiveRamp in a research note on Wednesday, February 26th. Morgan Stanley lifted their price target on LiveRamp from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Evercore ISI increased their price objective on LiveRamp from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, StockNews.com raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Sunday, December 22nd. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.83.

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.