Holocene Advisors LP Purchases Shares of 85,439 LiveRamp Holdings, Inc. (NYSE:RAMP)

Holocene Advisors LP bought a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 85,439 shares of the company's stock, valued at approximately $2,117,000. Holocene Advisors LP owned about 0.13% of LiveRamp at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. American Capital Management Inc. lifted its position in LiveRamp by 46.7% during the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company's stock worth $71,312,000 after acquiring an additional 916,578 shares during the last quarter. Fort Washington Investment Advisors Inc. OH bought a new stake in LiveRamp in the 2nd quarter valued at $13,214,000. Assenagon Asset Management S.A. grew its holdings in LiveRamp by 111.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company's stock valued at $13,857,000 after buying an additional 294,743 shares in the last quarter. Millennium Management LLC increased its position in LiveRamp by 143.8% during the 2nd quarter. Millennium Management LLC now owns 395,619 shares of the company's stock worth $12,240,000 after buying an additional 233,329 shares during the period. Finally, EVR Research LP acquired a new stake in shares of LiveRamp during the second quarter worth $5,879,000. Institutional investors own 93.83% of the company's stock.

LiveRamp Stock Up 2.7 %

Shares of RAMP stock traded up $0.84 during trading hours on Friday, reaching $31.75. The company's stock had a trading volume of 377,732 shares, compared to its average volume of 579,043. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $42.66. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 635.13 and a beta of 0.97. The firm's 50 day simple moving average is $26.90 and its 200-day simple moving average is $27.87.

LiveRamp (NYSE:RAMP - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.14. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The firm had revenue of $185.00 million for the quarter, compared to analysts' expectations of $176.16 million. During the same quarter in the previous year, the business posted $0.21 earnings per share. The business's revenue for the quarter was up 15.6% on a year-over-year basis. Sell-side analysts predict that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Debora B. Tomlin sold 9,765 shares of the business's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following the sale, the director now directly owns 24,509 shares in the company, valued at approximately $614,440.63. The trade was a 28.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kimberly Bloomston sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $25.17, for a total value of $100,680.00. Following the completion of the transaction, the insider now directly owns 117,247 shares of the company's stock, valued at $2,951,106.99. This represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

RAMP has been the subject of several analyst reports. Wells Fargo & Company assumed coverage on shares of LiveRamp in a research note on Monday, October 28th. They issued an "equal weight" rating and a $25.00 price objective for the company. Macquarie reissued an "outperform" rating and set a $43.00 price target on shares of LiveRamp in a research report on Thursday, November 7th. Finally, Benchmark dropped their price objective on LiveRamp from $48.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $41.14.

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.