Boston Partners Acquires 360,440 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Boston Partners lifted its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 109.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 690,057 shares of the company's stock after acquiring an additional 360,440 shares during the quarter. Boston Partners owned 1.05% of LiveRamp worth $21,331,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of RAMP. American Capital Management Inc. increased its stake in shares of LiveRamp by 46.7% during the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company's stock worth $71,312,000 after purchasing an additional 916,578 shares during the last quarter. Franklin Resources Inc. grew its holdings in LiveRamp by 11.5% during the third quarter. Franklin Resources Inc. now owns 1,526,250 shares of the company's stock valued at $37,653,000 after purchasing an additional 157,696 shares during the period. Geode Capital Management LLC increased its position in LiveRamp by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,493,522 shares of the company's stock worth $37,017,000 after buying an additional 15,340 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of LiveRamp by 4.3% in the fourth quarter. Baillie Gifford & Co. now owns 1,416,642 shares of the company's stock valued at $43,023,000 after buying an additional 58,568 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of LiveRamp by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 995,960 shares of the company's stock worth $30,247,000 after acquiring an additional 49,152 shares during the period. 93.83% of the stock is currently owned by institutional investors.

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Insider Transactions at LiveRamp

In related news, CRO Vihan Sharma sold 39,845 shares of LiveRamp 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 transaction, the executive now owns 110,902 shares in the company, valued at $3,943,675.12. This trade represents a 26.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Mohsin Hussain sold 3,554 shares of the company's stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.39% of the company's stock.

LiveRamp Stock Performance

RAMP traded down $0.23 on Tuesday, reaching $27.53. The company had a trading volume of 425,455 shares, compared to its average volume of 603,488. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $38.00. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 2,753.00 and a beta of 0.96. The business has a 50 day simple moving average of $31.15 and a 200 day simple moving average of $28.94.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings data 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%. As a group, equities research analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RAMP. Morgan Stanley increased their target price on shares of LiveRamp from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Evercore ISI lifted their price target on LiveRamp from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Benchmark reiterated a "buy" rating and set a $45.00 price objective on shares of LiveRamp in a research note on Wednesday, February 26th. 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 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 company. Based on data from MarketBeat, the company presently 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.