AlphaQuest LLC Invests $1.11 Million in LiveRamp Holdings, Inc. (NYSE:RAMP)

AlphaQuest LLC purchased a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 36,662 shares of the company's stock, valued at approximately $1,113,000. AlphaQuest LLC owned about 0.06% of LiveRamp as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RAMP. Janney Montgomery Scott LLC purchased a new position in shares of LiveRamp in the third quarter worth approximately $780,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of LiveRamp by 353.8% during the 3rd 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 last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of LiveRamp by 30.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 77,696 shares of the company's stock worth $1,925,000 after purchasing an additional 18,009 shares in the last quarter. Royce & Associates LP increased its stake in shares of LiveRamp by 75.6% in the 3rd quarter. Royce & Associates LP now owns 317,910 shares of the company's stock worth $7,878,000 after purchasing an additional 136,900 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in LiveRamp by 55.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 355,131 shares of the company's stock valued at $8,800,000 after purchasing an additional 126,527 shares in the last quarter. Institutional investors own 93.83% of the company's stock.

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LiveRamp Price Performance

Shares of LiveRamp stock traded down $1.06 during trading on Thursday, hitting $25.54. The stock had a trading volume of 576,887 shares, compared to its average volume of 588,714. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $38.00. The firm's fifty day simple moving average is $31.67 and its 200-day simple moving average is $28.84. The stock has a market cap of $1.68 billion, a PE ratio of 2,553.50 and a beta of 0.96.

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

Insider Buying and Selling

In other news, 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 transaction of $119,663.18. Following the completion of the sale, the chief technology officer now directly owns 57,594 shares in the company, valued at approximately $1,939,189.98. The trade was a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of the company's stock in a transaction 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 completion of the transaction, the executive now directly owns 110,902 shares in the company, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Benchmark reaffirmed a "buy" rating and set a $45.00 price target on shares of LiveRamp in a report on Wednesday, February 26th. StockNews.com upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Sunday, December 22nd. Morgan Stanley increased 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. Finally, Evercore ISI boosted their target price on shares of LiveRamp from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.83.

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.