JPMorgan Chase & Co. Boosts Stock Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

JPMorgan Chase & Co. raised its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 12.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 810,917 shares of the company's stock after buying an additional 90,878 shares during the quarter. JPMorgan Chase & Co. owned about 1.23% of LiveRamp worth $24,628,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RAMP. Carolina Wealth Advisors LLC raised its position in shares of LiveRamp by 2.2% in the 4th quarter. Carolina Wealth Advisors LLC now owns 25,608 shares of the company's stock valued at $778,000 after purchasing an additional 560 shares during the last quarter. Summit Trail Advisors LLC raised its holdings in shares of LiveRamp by 0.5% in the fourth quarter. Summit Trail Advisors LLC now owns 115,924 shares of the company's stock worth $3,521,000 after buying an additional 625 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of LiveRamp by 0.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,059 shares of the company's stock worth $4,041,000 after buying an additional 1,001 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of LiveRamp by 101.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock valued at $62,000 after buying an additional 1,027 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of LiveRamp by 232.2% in the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company's stock valued at $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.

Remove Ads

Insider Activity at LiveRamp

In other news, CTO Mohsin Hussain sold 3,554 shares of the business's 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 $1,939,189.98. The trade was a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Vihan Sharma sold 39,845 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the completion of the transaction, the executive now directly owns 110,902 shares in the company, valued at $3,943,675.12. This represents a 26.43 % 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.

Analysts Set New Price Targets

A number of analysts have commented on the company. Benchmark reaffirmed a "buy" rating and set a $45.00 price target on shares of LiveRamp in a research report on Wednesday, February 26th. Evercore ISI upped their target price on LiveRamp from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. StockNews.com lowered shares of LiveRamp from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, Morgan Stanley raised their target price on shares of LiveRamp from $35.00 to $38.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $39.83.

LiveRamp Trading Up 1.2 %

LiveRamp stock traded up $0.31 during mid-day trading on Tuesday, hitting $25.58. The company had a trading volume of 52,057 shares, compared to its average volume of 588,784. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 2,557.50 and a beta of 1.05. The company's fifty day moving average is $28.58 and its 200-day moving average is $28.95. 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 released its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. As a group, sell-side analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal 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.