Federated Hermes Inc. Has $13.27 Million Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Federated Hermes Inc. trimmed its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 436,976 shares of the company's stock after selling 25,991 shares during the period. Federated Hermes Inc. owned about 0.66% of LiveRamp worth $13,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. acquired a new stake in LiveRamp during the 4th quarter worth approximately $38,000. Smartleaf Asset Management LLC lifted its position in LiveRamp by 477.4% in 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 in the last quarter. GAMMA Investing LLC boosted its stake in LiveRamp by 232.2% in the 4th 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 period. Parkside Financial Bank & Trust increased its holdings in LiveRamp by 101.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock worth $62,000 after purchasing an additional 1,027 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of LiveRamp by 57.0% in the 4th quarter. KBC Group NV now owns 3,457 shares of the company's stock valued at $105,000 after purchasing an additional 1,255 shares during the period. Institutional investors and hedge funds own 93.83% of the company's stock.

LiveRamp Stock Performance

NYSE:RAMP traded up $0.09 during mid-day trading on Tuesday, hitting $25.36. The stock had a trading volume of 102,555 shares, compared to its average volume of 628,564. The company's 50 day simple moving average is $28.58 and its 200 day simple moving average is $28.95. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 2,540.40 and a beta of 1.05. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve 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 for the quarter, missing analysts' consensus estimates of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. As a group, equities analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Insider Activity at LiveRamp

In other news, CRO Vihan Sharma sold 39,845 shares of LiveRamp stock in a transaction on Monday, February 10th. The stock was sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the completion of the sale, the executive now owns 110,902 shares of the company's stock, valued at approximately $3,943,675.12. This trade represents a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 in the company, valued at approximately $1,939,189.98. This represents 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 company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RAMP. Morgan Stanley increased their price objective on LiveRamp from $35.00 to $38.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Benchmark reaffirmed a "buy" rating and set a $45.00 price target on shares of LiveRamp in a research note on Wednesday, February 26th. Evercore ISI increased their target price on shares of LiveRamp from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Finally, StockNews.com cut shares of LiveRamp from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, LiveRamp has an average rating of "Moderate Buy" and an average target price 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.