Schroder Investment Management Group Sells 801,574 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Schroder Investment Management Group lowered its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 23.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,553,345 shares of the company's stock after selling 801,574 shares during the quarter. Schroder Investment Management Group owned 3.88% of LiveRamp worth $77,928,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RAMP. Carolina Wealth Advisors LLC increased its holdings in shares of LiveRamp by 2.2% in the fourth quarter. Carolina Wealth Advisors LLC now owns 25,608 shares of the company's stock valued at $778,000 after buying an additional 560 shares in the last quarter. Summit Trail Advisors LLC increased its stake in LiveRamp by 0.5% in the 4th quarter. Summit Trail Advisors LLC now owns 115,924 shares of the company's stock worth $3,521,000 after purchasing an additional 625 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 buying an additional 1,001 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of LiveRamp by 101.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock worth $62,000 after acquiring an additional 1,027 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of LiveRamp by 232.2% during the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company's stock valued at $52,000 after acquiring an additional 1,189 shares during the period. 93.83% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

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

LiveRamp Price Performance

RAMP traded down $0.95 during trading on Friday, reaching $24.28. 704,959 shares of the stock traded hands, compared to its average volume of 627,733. The stock's 50-day simple moving average is $30.09 and its two-hundred day simple moving average is $28.96. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $38.00. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 2,428.30 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 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%. Research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Activity at LiveRamp

In related news, CRO Vihan Sharma sold 39,845 shares of the business's stock in a transaction that occurred on 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Mohsin Hussain sold 3,554 shares of the 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 transaction, the chief technology officer now 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. 3.39% of the stock is owned by company insiders.

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.