LiveRamp Holdings, Inc. (NYSE:RAMP) CTO Mohsin Hussain Sells 3,554 Shares

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) CTO Mohsin Hussain sold 3,554 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the sale, the chief technology officer now owns 57,594 shares of the company's stock, valued at approximately $1,939,189.98. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

LiveRamp Trading Down 4.1 %

Shares of LiveRamp stock traded down $1.32 during midday trading on Friday, reaching $31.25. The company had a trading volume of 395,495 shares, compared to its average volume of 518,053. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 3,124.80 and a beta of 0.96. The stock has a fifty day simple moving average of $32.25 and a 200 day simple moving average of $28.37. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $38.00.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly 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%. Sell-side analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Institutional Trading of LiveRamp

Hedge funds and other institutional investors have recently modified their holdings of the stock. DT Investment Partners LLC grew its holdings in LiveRamp by 62.6% during the 3rd quarter. DT Investment Partners LLC now owns 1,415 shares of the company's stock worth $35,000 after acquiring an additional 545 shares during the period. First Horizon Advisors Inc. acquired a new stake in LiveRamp during the 4th quarter worth $38,000. Quarry LP grew its holdings in LiveRamp by 344.4% during the 4th quarter. Quarry LP now owns 1,462 shares of the company's stock worth $44,000 after acquiring an additional 1,133 shares during the period. Smartleaf Asset Management LLC grew its holdings in LiveRamp by 477.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $49,000 after acquiring an additional 1,332 shares during the period. Finally, GAMMA Investing LLC grew its holdings in LiveRamp by 232.2% during the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company's stock worth $52,000 after acquiring an additional 1,189 shares during the period. Institutional investors and hedge funds own 93.83% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Macquarie restated an "outperform" rating and set a $43.00 price target on shares of LiveRamp in a research note on Thursday, November 7th. Wells Fargo & Company initiated coverage on shares of LiveRamp in a research note on Monday, October 28th. They set an "equal weight" rating and a $25.00 price target for the company. Benchmark reaffirmed a "buy" rating and set a $42.00 price objective on shares of LiveRamp in a report on Tuesday, February 4th. Evercore ISI raised their price objective 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 raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Sunday, December 22nd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $39.33.

About LiveRamp

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.