Vanguard Group Inc. Purchases 118,179 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Vanguard Group Inc. increased its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,847,543 shares of the company's stock after purchasing an additional 118,179 shares during the period. Vanguard Group Inc. owned approximately 13.45% of LiveRamp worth $268,700,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. LPL Financial LLC bought a new position in LiveRamp in the fourth quarter valued at about $321,000. Fox Run Management L.L.C. boosted its stake in shares of LiveRamp by 31.2% in the 4th quarter. Fox Run Management L.L.C. now owns 26,059 shares of the company's stock valued at $791,000 after purchasing an additional 6,193 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of LiveRamp during the 4th quarter valued at approximately $392,000. Hillsdale Investment Management Inc. lifted its stake in LiveRamp by 0.9% in the 4th quarter. Hillsdale Investment Management Inc. now owns 150,280 shares of the company's stock valued at $4,564,000 after purchasing an additional 1,400 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in LiveRamp by 112.4% in the fourth quarter. American Century Companies Inc. now owns 52,170 shares of the company's stock valued at $1,584,000 after buying an additional 27,607 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

LiveRamp Price Performance

Shares of RAMP traded up $2.76 during trading hours on Wednesday, hitting $26.31. The stock had a trading volume of 685,826 shares, compared to its average volume of 628,506. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $38.00. The firm has a market capitalization of $1.73 billion, a P/E ratio of 2,631.00 and a beta of 1.05. The firm has a 50 day simple moving average of $29.12 and a 200-day simple moving average of $28.92.

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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 return on equity of 0.97% and a net margin of 0.01%. Equities analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, CRO Vihan Sharma sold 39,845 shares of the company'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 transaction, the executive now owns 110,902 shares in the company, valued at approximately $3,943,675.12. This represents a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mohsin Hussain sold 3,554 shares of LiveRamp 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 completion of the transaction, the chief technology officer now owns 57,594 shares of the company's stock, valued at $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 insiders.

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.