Teacher Retirement System of Texas lifted its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 124.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,459 shares of the company's stock after acquiring an additional 49,013 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.13% of LiveRamp worth $2,687,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of LiveRamp during the 3rd quarter worth $1,187,000. HighTower Advisors LLC bought a new position in shares of LiveRamp during the 3rd quarter worth $439,000. American Capital Management Inc. increased its holdings in LiveRamp by 46.7% in the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company's stock worth $71,312,000 after acquiring an additional 916,578 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in LiveRamp by 49.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 206,700 shares of the company's stock valued at $5,122,000 after acquiring an additional 68,261 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in LiveRamp during the third quarter valued at about $444,000. 93.83% of the stock is owned by institutional investors.
Insider Transactions at LiveRamp
In other LiveRamp news, CRO Vihan Sharma sold 39,845 shares of the firm'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 owns 110,902 shares of the company's stock, valued at $3,943,675.12. This trade represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Mohsin Hussain sold 3,554 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $1,939,189.98. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.39% of the company's stock.
LiveRamp Stock Performance
Shares of LiveRamp stock traded down $0.69 during midday trading on Friday, hitting $26.33. The company had a trading volume of 537,962 shares, compared to its average volume of 627,980. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $38.00. The company has a 50 day moving average of $30.81 and a 200 day moving average of $28.98. The stock has a market capitalization of $1.73 billion, a P/E ratio of 2,632.90 and a beta of 0.96.
LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings data 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 return on equity of 0.97% and a net margin of 0.01%. Equities research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Evercore ISI boosted their target price on shares of LiveRamp from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Benchmark reiterated a "buy" rating and issued a $45.00 target price on shares of LiveRamp in a research note on Wednesday, February 26th. Morgan Stanley boosted 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. Finally, StockNews.com raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Sunday, December 22nd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.83.
Read Our Latest Stock Analysis on RAMP
LiveRamp Company Profile
(
Free Report)
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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