Arrowstreet Capital Limited Partnership Purchases 230,478 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Arrowstreet Capital Limited Partnership lifted its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 30.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 984,040 shares of the company's stock after acquiring an additional 230,478 shares during the period. Arrowstreet Capital Limited Partnership owned 1.50% of LiveRamp worth $29,885,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of LiveRamp in the fourth quarter valued at approximately $5,057,000. JPMorgan Chase & Co. raised its stake in shares of LiveRamp by 12.6% during the fourth quarter. JPMorgan Chase & Co. now owns 810,917 shares of the company's stock valued at $24,628,000 after purchasing an additional 90,878 shares in the last quarter. EFG Asset Management North America Corp. lifted its holdings in LiveRamp by 106.0% in the fourth quarter. EFG Asset Management North America Corp. now owns 91,881 shares of the company's stock worth $2,788,000 after purchasing an additional 47,273 shares during the period. Vanguard Group Inc. grew its position in LiveRamp by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 8,847,543 shares of the company's stock valued at $268,700,000 after buying an additional 118,179 shares in the last quarter. Finally, LPL Financial LLC acquired a new position in LiveRamp during the 4th quarter valued at about $321,000. Institutional investors and hedge funds own 93.83% of the company's stock.

Insider Buying and Selling

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

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LiveRamp Price Performance

LiveRamp stock traded down $0.40 during mid-day trading on Monday, hitting $23.87. The company's stock had a trading volume of 762,439 shares, compared to its average volume of 627,318. The firm's 50 day moving average is $29.89 and its 200 day moving average is $28.99. The company has a market cap of $1.57 billion, a PE ratio of 2,387.20 and a beta of 1.05. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $38.00.

LiveRamp (NYSE:RAMP - Get Free Report) last released its 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%. As a group, analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on RAMP. Evercore ISI increased their price objective on shares of LiveRamp from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. StockNews.com upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Sunday, December 22nd. Benchmark restated a "buy" rating and issued a $45.00 price objective on shares of LiveRamp in a report on Wednesday, February 26th. Finally, Morgan Stanley lifted their price objective on shares of LiveRamp from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Two 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.