Connor Clark & Lunn Investment Management Ltd. Buys 153,055 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 43.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 508,186 shares of the company's stock after purchasing an additional 153,055 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.77% of LiveRamp worth $15,434,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. acquired a new position in LiveRamp during the fourth quarter worth $38,000. Smartleaf Asset Management LLC increased its holdings in shares of LiveRamp by 477.4% during the 4th 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 during the last quarter. GAMMA Investing LLC raised its stake in shares of LiveRamp by 232.2% in the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company's stock valued at $52,000 after acquiring an additional 1,189 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of LiveRamp by 101.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock valued at $62,000 after acquiring an additional 1,027 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in LiveRamp in the 3rd quarter worth approximately $92,000. Institutional investors own 93.83% of the company's stock.

Insiders Place Their Bets

In related news, CRO Vihan Sharma sold 39,845 shares of the company's stock in a transaction dated 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 sale, the executive now owns 110,902 shares of the company's stock, valued at $3,943,675.12. The trade was a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Mohsin Hussain sold 3,554 shares of LiveRamp stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $33.67, for a total value of $119,663.18. Following the sale, the chief technology officer now directly owns 57,594 shares in the company, 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. Corporate insiders own 3.39% of the company's stock.

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LiveRamp Stock Up 0.0 %

LiveRamp stock traded up $0.00 during mid-day trading on Monday, reaching $26.33. The company had a trading volume of 834,096 shares, compared to its average volume of 600,028. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 2,633.40 and a beta of 0.96. The company has a 50 day moving average of $31.49 and a 200-day moving average of $28.88. 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 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%. On average, analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RAMP has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of LiveRamp from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Benchmark reiterated a "buy" rating and issued a $45.00 target price 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 report on Sunday, December 22nd. Finally, Evercore ISI raised 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. Two 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. Based on data from MarketBeat.com, LiveRamp has a consensus rating of "Moderate Buy" and an average price target of $39.83.

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.