Wealthfront Advisers LLC Purchases New Shares in LiveRamp Holdings, Inc. (NYSE:RAMP)

Wealthfront Advisers LLC bought a new position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 55,104 shares of the company's stock, valued at approximately $1,674,000. Wealthfront Advisers LLC owned about 0.08% of LiveRamp at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new position in LiveRamp in the 4th quarter worth about $38,000. Smartleaf Asset Management LLC boosted its stake in shares of 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 in the last quarter. GAMMA Investing LLC boosted its stake 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 in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of LiveRamp by 101.5% during the 4th 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, Point72 DIFC Ltd bought a new stake in shares of LiveRamp during the 3rd quarter worth about $92,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CRO Vihan Sharma sold 39,845 shares of the 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Mohsin Hussain sold 3,554 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $33.67, for a total value 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. Corporate insiders own 3.39% of the company's stock.

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LiveRamp Stock Up 1.0 %

Shares of RAMP stock traded up $0.26 during mid-day trading on Wednesday, reaching $26.93. The stock had a trading volume of 624,865 shares, compared to its average volume of 599,560. The firm's 50 day simple moving average is $31.35 and its 200 day simple moving average is $28.89. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $38.00. The firm has a market cap of $1.77 billion, a PE ratio of 2,693.40 and a beta of 0.96.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings data 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 return on equity of 0.97% and a net margin of 0.01%. Sell-side analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RAMP has been the subject of several recent analyst reports. Benchmark reiterated a "buy" rating and set a $45.00 price target on shares of LiveRamp in a research note on Wednesday, February 26th. Evercore ISI upped their price target on LiveRamp from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. StockNews.com upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Sunday, December 22nd. Finally, Morgan Stanley upped their price target on LiveRamp from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Two investment 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 stock. According to data from MarketBeat, LiveRamp presently has a consensus rating of "Moderate Buy" and an average price target of $39.83.

LiveRamp 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.