ExodusPoint Capital Management LP Takes Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

ExodusPoint Capital Management LP acquired a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 49,104 shares of the company's stock, valued at approximately $1,491,000. ExodusPoint Capital Management LP owned 0.07% of LiveRamp as of its most recent filing with the Securities and Exchange Commission (SEC).

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

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LiveRamp Price Performance

NYSE:RAMP traded up $0.17 during mid-day trading on Tuesday, reaching $25.44. 92,482 shares of the company's stock traded hands, compared to its average volume of 628,515. The company has a 50 day moving average price of $28.58 and a 200-day moving average price of $28.95. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 2,542.40 and a beta of 1.05. LiveRamp Holdings, Inc. has a 12-month low of $21.45 and a 12-month high of $38.00.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) 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, analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on RAMP shares. StockNews.com cut shares of LiveRamp from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Evercore ISI increased their target price on shares of LiveRamp from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Benchmark reissued a "buy" rating and issued a $45.00 price target on shares of LiveRamp in a research note on Wednesday, February 26th. Finally, Morgan Stanley upped 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, LiveRamp has an average rating of "Moderate Buy" and a consensus price target of $39.83.

Insider Transactions at LiveRamp

In other news, CTO Mohsin Hussain sold 3,554 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $33.67, for a total value of $119,663.18. Following the completion of the transaction, the chief technology officer now owns 57,594 shares of the company's stock, valued at approximately $1,939,189.98. This represents a 5.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of LiveRamp stock in a transaction that occurred 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 sale, the executive now owns 110,902 shares in the company, valued at $3,943,675.12. This represents a 26.43 % 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.

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.