Renaissance Technologies LLC Has $15.26 Million Stock Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Renaissance Technologies LLC lowered its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 22.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 502,578 shares of the company's stock after selling 144,600 shares during the quarter. Renaissance Technologies LLC owned 0.76% of LiveRamp worth $15,263,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RAMP. First Horizon Advisors Inc. acquired a new stake in shares of LiveRamp during the fourth quarter worth approximately $38,000. Smartleaf Asset Management LLC grew its position in LiveRamp by 477.4% during 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 position in 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 purchasing an additional 1,189 shares during the last quarter. Parkside Financial Bank & Trust raised its position in LiveRamp by 101.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock valued at $62,000 after purchasing an additional 1,027 shares during the last quarter. Finally, KBC Group NV boosted its stake in LiveRamp by 57.0% in the fourth quarter. KBC Group NV now owns 3,457 shares of the company's stock worth $105,000 after purchasing an additional 1,255 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RAMP shares. Benchmark reaffirmed a "buy" rating and issued a $45.00 price target on shares of LiveRamp in a report on Wednesday, February 26th. StockNews.com cut shares of LiveRamp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, April 12th. Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a research report on Wednesday. Finally, Morgan Stanley reissued an "equal weight" rating on shares of LiveRamp in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, LiveRamp has an average rating of "Hold" and an average target price of $38.17.

LiveRamp Stock Performance

RAMP traded up $0.03 during trading on Friday, reaching $24.91. 687,796 shares of the company's stock were exchanged, compared to its average volume of 632,639. The company's fifty day moving average price is $27.76 and its 200-day moving average price is $28.97. The firm has a market capitalization of $1.64 billion, a PE ratio of 2,490.60 and a beta of 1.05. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $38.00.

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 net margin of 0.01% and a return on equity of 0.97%. Research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling at LiveRamp

In other LiveRamp news, CRO Vihan Sharma sold 39,845 shares of LiveRamp stock in a transaction that occurred on 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 transaction, the executive now 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 is available through the SEC website. Also, CTO Mohsin Hussain sold 3,554 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the transaction, the chief technology officer now directly owns 57,594 shares of the company's stock, valued at approximately $1,939,189.98. The trade was a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.39% of the company's stock.

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.