Bank of Montreal Can Sells 55,780 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Bank of Montreal Can cut its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 75.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,690 shares of the company's stock after selling 55,780 shares during the period. Bank of Montreal Can's holdings in LiveRamp were worth $537,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. acquired a new position in LiveRamp during the 4th quarter worth approximately $38,000. Smartleaf Asset Management LLC boosted its stake in LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $49,000 after acquiring an additional 1,332 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of LiveRamp by 232.2% during the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company's stock worth $52,000 after purchasing an additional 1,189 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of LiveRamp by 101.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock worth $62,000 after purchasing an additional 1,027 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of LiveRamp by 57.0% in the 4th quarter. KBC Group NV now owns 3,457 shares of the company's stock valued at $105,000 after purchasing an additional 1,255 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RAMP has been the subject of a number of research reports. Morgan Stanley reaffirmed an "equal weight" rating on shares of LiveRamp in a report on Wednesday, April 16th. StockNews.com raised LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday. Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. Finally, Benchmark restated a "buy" rating and issued a $45.00 target price on shares of LiveRamp in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $38.17.

LiveRamp Trading Up 3.5 %

Shares of LiveRamp stock traded up $0.89 during trading hours on Thursday, reaching $26.60. 451,579 shares of the company's stock were exchanged, compared to its average volume of 632,220. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 2,660.00 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. The company has a fifty day moving average of $27.25 and a 200-day moving average of $28.92.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates 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 research 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 LiveRamp stock in a transaction that occurred on Monday, February 10th. The stock was 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 owns 110,902 shares in the company, valued at approximately $3,943,675.12. This trade represents a 26.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Mohsin Hussain sold 3,554 shares of the business's 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 sale, the chief technology officer now owns 57,594 shares of the company's stock, valued at approximately $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 company insiders.

About LiveRamp

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.