Baillie Gifford & Co. Has $56.33 Million Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Baillie Gifford & Co. lowered its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 0.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,632,833 shares of the company’s stock after selling 1,831 shares during the quarter. Baillie Gifford & Co. owned approximately 2.49% of LiveRamp worth $56,333,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of LiveRamp in the fourth quarter valued at about $29,000. Parkside Financial Bank & Trust boosted its position in LiveRamp by 198.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 786 shares of the company’s stock valued at $30,000 after buying an additional 523 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of LiveRamp by 62.9% in the 4th quarter. Pacer Advisors Inc. now owns 1,908 shares of the company’s stock valued at $72,000 after buying an additional 737 shares during the period. Quest Partners LLC bought a new stake in shares of LiveRamp during the fourth quarter worth $93,000. Finally, Prudent Man Advisors LLC acquired a new position in shares of LiveRamp during the fourth quarter valued at $209,000. 93.83% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Kimberly Bloomston sold 13,055 shares of LiveRamp stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $31.11, for a total value of $406,141.05. Following the sale, the insider now owns 127,404 shares of the company’s stock, valued at approximately $3,963,538.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CTO Mohsin Hussain sold 17,299 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $31.15, for a total value of $538,863.85. Following the completion of the transaction, the chief technology officer now directly owns 88,546 shares of the company’s stock, valued at $2,758,207.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kimberly Bloomston sold 13,055 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $31.11, for a total transaction of $406,141.05. Following the completion of the sale, the insider now owns 127,404 shares of the company’s stock, valued at approximately $3,963,538.44. The disclosure for this sale can be found here. Corporate insiders own 2.93% of the company’s stock.

LiveRamp Stock Down 0.5 %

Shares of RAMP traded down $0.16 during trading hours on Friday, reaching $31.71. The stock had a trading volume of 360,545 shares, compared to its average volume of 688,355. The firm has a 50-day moving average of $31.53 and a 200 day moving average of $34.52. The company has a market cap of $2.13 billion, a P/E ratio of 176.18 and a beta of 1.00. LiveRamp Holdings, Inc. has a 52 week low of $26.99 and a 52 week high of $42.66.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). LiveRamp had a net margin of 1.80% and a return on equity of 3.27%. The business had revenue of $171.85 million during the quarter, compared to analyst estimates of $159.95 million. As a group, equities analysts expect that LiveRamp Holdings, Inc. will post 0.3 earnings per share for the current year.

Analysts Set New Price Targets

RAMP has been the subject of several recent research reports. Morgan Stanley dropped their price objective on LiveRamp from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, May 23rd. StockNews.com cut shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Benchmark raised their price target on LiveRamp from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $50.25.

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.