Quantbot Technologies LP Trims Stock Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Quantbot Technologies LP trimmed its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 19.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,108 shares of the company's stock after selling 9,519 shares during the period. Quantbot Technologies LP owned about 0.06% of LiveRamp worth $1,188,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. purchased a new position in LiveRamp during the fourth quarter worth approximately $38,000. Smartleaf Asset Management LLC grew its holdings in shares of LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $49,000 after purchasing an additional 1,332 shares during the period. GAMMA Investing LLC increased its position in LiveRamp by 232.2% during the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company's stock worth $52,000 after purchasing an additional 1,189 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in LiveRamp by 101.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock worth $62,000 after purchasing an additional 1,027 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in LiveRamp in the 3rd quarter valued at about $92,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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Insider Transactions at LiveRamp

In other news, CRO Vihan Sharma sold 39,845 shares of the business's stock in a transaction dated Monday, February 10th. The stock was 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 of the company's stock, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 completion of the sale, the chief technology officer now directly owns 57,594 shares in the company, valued at approximately $1,939,189.98. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.39% of the company's stock.

LiveRamp Trading Down 2.6 %

LiveRamp stock traded down $0.69 during midday trading on Friday, reaching $26.33. 537,962 shares of the stock traded hands, compared to its average volume of 627,980. The firm has a market cap of $1.73 billion, a PE ratio of 2,632.90 and a beta of 0.96. The company has a 50-day simple moving average of $30.81 and a two-hundred day simple moving average of $28.98. 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 posted its quarterly earnings data 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%. Equities research analysts anticipate 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.