Franklin Resources Inc. Purchases 56,667 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Franklin Resources Inc. boosted its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 3.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,582,917 shares of the company's stock after buying an additional 56,667 shares during the period. Franklin Resources Inc. owned 2.41% of LiveRamp worth $48,073,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Tributary Capital Management LLC bought a new position in shares of LiveRamp in the fourth quarter valued at approximately $15,251,000. Boston Partners raised its stake in shares of LiveRamp by 109.4% in the 4th quarter. Boston Partners now owns 690,057 shares of the company's stock worth $21,331,000 after buying an additional 360,440 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in LiveRamp by 30.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,040 shares of the company's stock valued at $29,885,000 after buying an additional 230,478 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in LiveRamp by 451.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 248,573 shares of the company's stock worth $7,522,000 after acquiring an additional 203,471 shares during the period. Finally, Norges Bank acquired a new stake in LiveRamp in the 4th quarter valued at about $5,057,000. Institutional investors and hedge funds own 93.83% of the company's stock.

Insider Activity

In related news, CRO Vihan Sharma sold 39,845 shares of the business's stock in a transaction that occurred 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 sale, the executive now owns 110,902 shares of the company's stock, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Mohsin Hussain sold 3,554 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were 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. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on RAMP shares. Morgan Stanley increased their target price on shares of LiveRamp from $35.00 to $38.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Benchmark reiterated a "buy" rating and set a $45.00 price objective on shares of LiveRamp in a research report on Wednesday, February 26th. Evercore ISI lifted their target price on LiveRamp from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Finally, StockNews.com raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Sunday, December 22nd. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $39.83.

LiveRamp Stock Performance

Shares of RAMP stock traded down $1.34 on Thursday, reaching $24.94. 90,360 shares of the company's stock traded hands, compared to its average volume of 626,407. The business's 50 day moving average price is $29.12 and its two-hundred day moving average price is $28.92. The company has a market capitalization of $1.64 billion, a P/E ratio of 2,501.00 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 issued 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 net margin of 0.01% and a return on equity of 0.97%. Research analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

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.