Connor Clark & Lunn Investment Management Ltd. Grows Stock Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 55.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 355,131 shares of the company's stock after purchasing an additional 126,527 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.53% of LiveRamp worth $8,800,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RAMP. Louisiana State Employees Retirement System boosted its position in shares of LiveRamp by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the company's stock valued at $1,030,000 after acquiring an additional 500 shares during the period. Arizona State Retirement System grew its position in shares of LiveRamp by 2.9% during the 2nd quarter. Arizona State Retirement System now owns 18,528 shares of the company's stock worth $573,000 after purchasing an additional 523 shares in the last quarter. DT Investment Partners LLC increased its holdings in shares of LiveRamp by 62.6% during the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company's stock worth $35,000 after purchasing an additional 545 shares during the period. Covestor Ltd raised its position in shares of LiveRamp by 44.9% in the first quarter. Covestor Ltd now owns 2,131 shares of the company's stock valued at $73,000 after buying an additional 660 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of LiveRamp by 187.1% in the second quarter. Blue Trust Inc. now owns 1,065 shares of the company's stock valued at $33,000 after buying an additional 694 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Benchmark dropped their price target on LiveRamp from $48.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Craig Hallum reduced their price target on shares of LiveRamp from $55.00 to $43.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company began coverage on shares of LiveRamp in a research report on Monday, October 28th. They set an "equal weight" rating and a $25.00 price objective for the company. Evercore ISI reduced their target price on LiveRamp from $50.00 to $40.00 and set an "outperform" rating on the stock in a report on Thursday, August 8th. Finally, Macquarie reissued an "outperform" rating and set a $43.00 price target on shares of LiveRamp in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, LiveRamp has an average rating of "Moderate Buy" and an average price target of $41.14.

LiveRamp Stock Performance

Shares of NYSE RAMP traded up $0.32 during midday trading on Friday, reaching $30.71. The stock had a trading volume of 527,512 shares, compared to its average volume of 644,660. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $42.66. The company's 50 day moving average price is $25.72 and its 200 day moving average price is $28.05. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 613.00 and a beta of 0.96.

LiveRamp (NYSE:RAMP - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.37 by $0.14. The business had revenue of $185.00 million during the quarter, compared to analysts' expectations of $176.16 million. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The firm's revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 earnings per share. Equities analysts forecast that LiveRamp Holdings, Inc. will post 0.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Mohsin Hussain sold 5,773 shares of the business's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $25.98, for a total transaction of $149,982.54. Following the completion of the sale, the chief technology officer now directly owns 73,614 shares of the company's stock, valued at $1,912,491.72. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kimberly Bloomston sold 4,000 shares of LiveRamp stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.17, for a total value of $100,680.00. Following the transaction, the insider now owns 117,247 shares of the company's stock, valued at $2,951,106.99. This trade represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,538 shares of company stock worth $495,471. Corporate insiders own 3.39% of the company's stock.

LiveRamp Company 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.