Norges Bank Acquires New Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Norges Bank acquired a new position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 166,514 shares of the company's stock, valued at approximately $5,057,000. Norges Bank owned approximately 0.25% of LiveRamp as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of LiveRamp by 18.6% in the 3rd quarter. FMR LLC now owns 171,501 shares of the company's stock worth $4,250,000 after buying an additional 26,935 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 valued at $4,041,000 after purchasing an additional 1,001 shares in the last quarter. HighTower Advisors LLC bought a new stake in LiveRamp during the third quarter worth about $439,000. Point72 Asset Management L.P. boosted its holdings in shares of LiveRamp by 35.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 18,172 shares of the company's stock worth $450,000 after purchasing an additional 4,725 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of LiveRamp by 35.1% during the 3rd quarter. Wellington Management Group LLP now owns 31,306 shares of the company's stock valued at $776,000 after purchasing an additional 8,133 shares during the last quarter. Institutional investors own 93.83% of the company's stock.

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Insiders Place Their Bets

In related news, CRO Vihan Sharma sold 39,845 shares of the business'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 sale, the executive now owns 110,902 shares of the company's stock, valued at $3,943,675.12. The trade was a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction, the chief technology officer now directly owns 57,594 shares of the company's stock, valued at $1,939,189.98. This represents 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 company insiders.

LiveRamp Price Performance

RAMP traded up $0.31 during midday trading on Tuesday, reaching $25.58. 52,057 shares of the company's stock traded hands, compared to its average volume of 588,784. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $38.00. The firm has a fifty day moving average of $28.58 and a two-hundred day moving average of $28.95. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 2,557.50 and a beta of 1.05.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 EPS 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%. Sell-side analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on RAMP shares. Morgan Stanley increased 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 cut shares of LiveRamp from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Evercore ISI raised 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. Finally, Benchmark reissued a "buy" rating and issued a $45.00 target price on shares of LiveRamp in a research note on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, LiveRamp has a consensus rating of "Moderate Buy" and an average target price of $39.83.

LiveRamp 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.