Charles Schwab Investment Management Inc. Buys 49,152 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Charles Schwab Investment Management Inc. raised its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 995,960 shares of the company's stock after buying an additional 49,152 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.53% of LiveRamp worth $30,247,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. American Capital Management Inc. raised its stake in LiveRamp by 46.7% during the third 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 period. Tributary Capital Management LLC purchased a new position in shares of LiveRamp in the fourth quarter valued at $15,251,000. Invenomic Capital Management LP grew its stake in shares of LiveRamp by 257.7% during the third quarter. Invenomic Capital Management LP now owns 337,574 shares of the company's stock valued at $8,365,000 after acquiring an additional 243,198 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in LiveRamp by 451.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 248,573 shares of the company's stock worth $7,522,000 after purchasing an additional 203,471 shares during the last quarter. Finally, 272 Capital LP acquired a new stake in LiveRamp in the third quarter valued at $3,914,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

Insider Activity at LiveRamp

In related news, CRO Vihan Sharma sold 39,845 shares of the company's stock in a transaction 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 directly owns 110,902 shares in the company, valued at approximately $3,943,675.12. This represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Mohsin Hussain sold 3,554 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the transaction, the chief technology officer now directly owns 57,594 shares of the company's stock, valued at $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. 3.39% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

RAMP has been the subject of several research reports. StockNews.com upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Sunday, December 22nd. Benchmark reiterated a "buy" rating and set a $45.00 price objective on shares of LiveRamp in a research note on Wednesday, February 26th. Evercore ISI lifted their target price on LiveRamp from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, 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 report 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, LiveRamp presently has an average rating of "Moderate Buy" and an average price target of $39.83.

LiveRamp Stock Performance

Shares of NYSE RAMP traded up $0.15 during mid-day trading on Thursday, reaching $27.08. The company had a trading volume of 364,693 shares, compared to its average volume of 599,368. The stock has a market capitalization of $1.78 billion, a PE ratio of 2,714.90 and a beta of 0.96. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $38.00. The stock's 50 day moving average is $31.28 and its 200-day moving average is $28.88.

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

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.