Pitcairn Co. Makes New Investment in LiveRamp Holdings, Inc. (NYSE:RAMP)

Pitcairn Co. purchased a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,011 shares of the company's stock, valued at approximately $334,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new position in shares of LiveRamp during the 4th quarter worth about $38,000. Smartleaf Asset Management LLC increased its stake in shares of LiveRamp by 477.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $49,000 after acquiring an additional 1,332 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of LiveRamp by 232.2% during the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company's stock worth $52,000 after acquiring an additional 1,189 shares during the period. 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. Hedge funds and other institutional investors own 93.83% of the company's stock.

Insider Activity at LiveRamp

In other news, CRO Vihan Sharma sold 39,845 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $35.56, for a total value of $1,416,888.20. Following the completion of the sale, the executive now directly owns 110,902 shares of the company's stock, valued at approximately $3,943,675.12. This represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Mohsin Hussain sold 3,554 shares of the company'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 value of $119,663.18. Following the sale, the chief technology officer now directly owns 57,594 shares of the company's stock, valued at approximately $1,939,189.98. This represents a 5.81 % 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.

Remove Ads

LiveRamp Trading Up 0.4 %

NYSE:RAMP traded up $0.09 during mid-day trading on Friday, hitting $24.98. The stock had a trading volume of 441,313 shares, compared to its average volume of 629,707. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $38.00. The stock has a 50-day simple moving average of $28.76 and a two-hundred day simple moving average of $28.92. The company has a market capitalization of $1.64 billion, a PE ratio of 2,498.10 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 earnings per share (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 predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RAMP has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on 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 raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Sunday, December 22nd. Evercore ISI increased their target price on LiveRamp from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Finally, Benchmark restated a "buy" rating and issued a $45.00 price objective on shares of LiveRamp in a report on Wednesday, February 26th. Two investment 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $39.83.

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.