LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 451.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 248,573 shares of the company's stock after purchasing an additional 203,471 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.38% of LiveRamp worth $7,522,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in RAMP. American Capital Management Inc. lifted its stake in LiveRamp by 46.7% in the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company's stock valued at $71,312,000 after buying an additional 916,578 shares in the last quarter. Franklin Resources Inc. grew its stake in LiveRamp by 11.5% during the third quarter. Franklin Resources Inc. now owns 1,526,250 shares of the company's stock worth $37,653,000 after buying an additional 157,696 shares during the period. Geode Capital Management LLC increased its holdings in LiveRamp by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,493,522 shares of the company's stock valued at $37,017,000 after purchasing an additional 15,340 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of LiveRamp by 7.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 946,808 shares of the company's stock worth $23,462,000 after purchasing an additional 69,063 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in LiveRamp by 111.4% in the third quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company's stock valued at $13,857,000 after acquiring an additional 294,743 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RAMP. Morgan Stanley boosted their target price on shares of LiveRamp from $35.00 to $38.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Evercore ISI increased their target price on LiveRamp from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Wells Fargo & Company started coverage on shares of LiveRamp in a research note on Monday, October 28th. They issued an "equal weight" rating and a $25.00 price objective on the stock. Benchmark reiterated a "buy" rating and set a $42.00 price target on shares of LiveRamp in a report on Tuesday, February 4th. Finally, Macquarie reaffirmed an "outperform" rating and issued a $43.00 price target on shares of LiveRamp in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $39.33.

LiveRamp Price Performance

Shares of NYSE RAMP traded down $1.32 during trading on Friday, hitting $31.25. The stock had a trading volume of 396,087 shares, compared to its average volume of 524,683. The company has a market capitalization of $2.05 billion, a PE ratio of 3,124.80 and a beta of 0.96. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $38.00. The firm has a fifty day moving average of $32.24 and a two-hundred day moving average of $28.40.

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

Insider Activity

In other LiveRamp news, CRO Vihan Sharma sold 39,845 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive now owns 110,902 shares of the company's stock, valued at $3,943,675.12. This trade represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Mohsin Hussain sold 3,554 shares of LiveRamp stock in a transaction on Friday, February 14th. The shares were sold at an average price of $33.67, for a total value of $119,663.18. Following the sale, the chief technology officer now directly owns 57,594 shares of the company's stock, valued at approximately $1,939,189.98. This trade represents a 5.81 % 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 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.