LiveRamp Holdings, Inc. (NYSE:RAMP) Stake Cut by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 534,005 shares of the company's stock after selling 13,457 shares during the quarter. Bank of New York Mellon Corp owned 0.82% of LiveRamp worth $16,218,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RAMP. American Capital Management Inc. lifted its stake 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 purchasing an additional 916,578 shares during the last quarter. Tributary Capital Management LLC bought a new position in LiveRamp during the fourth quarter worth $15,251,000. Invenomic Capital Management LP lifted its stake in LiveRamp by 257.7% during the third quarter. Invenomic Capital Management LP now owns 337,574 shares of the company's stock worth $8,365,000 after purchasing an additional 243,198 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in LiveRamp by 451.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 248,573 shares of the company's stock worth $7,522,000 after purchasing an additional 203,471 shares during the last quarter. Finally, 272 Capital LP bought a new position in LiveRamp during the third quarter worth $3,914,000. 93.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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Insider Buying and Selling

In related news, 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 transaction, the chief technology officer now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of LiveRamp stock in a transaction dated 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 directly owns 110,902 shares in the company, valued at approximately $3,943,675.12. The trade was 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 corporate insiders.

LiveRamp Stock Up 5.1 %

Shares of NYSE RAMP opened at $26.46 on Wednesday. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $38.00. The firm's 50-day simple moving average is $31.74 and its 200 day simple moving average is $28.86. The stock has a market cap of $1.74 billion, a P/E ratio of 2,645.50 and a beta of 0.96.

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

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.

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