LiveRamp Holdings, Inc. (NYSE:RAMP) CRO Sells $1,416,888.20 in Stock

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) 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 completion of the sale, the executive now directly owns 110,902 shares in the company, valued at approximately $3,943,675.12. This represents a 26.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

LiveRamp Stock Down 1.2 %

Shares of RAMP stock traded down $0.40 on Friday, reaching $33.64. The stock had a trading volume of 293,926 shares, compared to its average volume of 531,757. The firm's 50-day moving average is $32.15 and its two-hundred day moving average is $28.26. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 3,364.00 and a beta of 0.96. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $38.00.

LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings data 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 net margin of 0.01% and a return on equity of 0.97%. On average, sell-side analysts forecast that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on RAMP. StockNews.com raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Sunday, December 22nd. Benchmark reissued a "buy" rating and set a $42.00 price target on shares of LiveRamp in a research report on Tuesday, February 4th. Macquarie reissued an "outperform" rating and set a $43.00 price target on shares of LiveRamp in a research report on Thursday, November 7th. Morgan Stanley boosted their price target on shares of LiveRamp from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company started coverage on LiveRamp in a research note on Monday, October 28th. They issued an "equal weight" rating and a $25.00 price target for the company. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $39.33.

Hedge Funds Weigh In On LiveRamp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DT Investment Partners LLC grew its stake in LiveRamp by 62.6% in the 3rd quarter. DT Investment Partners LLC now owns 1,415 shares of the company's stock valued at $35,000 after buying an additional 545 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in LiveRamp in the 4th quarter valued at about $38,000. Quarry LP grew its stake in LiveRamp by 344.4% in the 4th quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after buying an additional 1,133 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in LiveRamp by 477.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $49,000 after buying an additional 1,332 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of LiveRamp by 232.2% during the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company's stock worth $52,000 after purchasing an additional 1,189 shares during the period. 93.83% of the stock is owned by institutional investors.

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.