37,743 Shares in LiveRamp Holdings, Inc. (NYSE:RAMP) Acquired by Seven Eight Capital LP

Seven Eight Capital LP acquired a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 37,743 shares of the company’s stock, valued at approximately $1,302,000. Seven Eight Capital LP owned about 0.06% of LiveRamp as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of LiveRamp by 1.4% in the first quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company’s stock valued at $282,037,000 after buying an additional 115,685 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of LiveRamp by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,238,534 shares of the company’s stock worth $84,798,000 after purchasing an additional 21,705 shares in the last quarter. Jennison Associates LLC grew its stake in shares of LiveRamp by 286.9% during the first quarter. Jennison Associates LLC now owns 1,407,098 shares of the company’s stock valued at $48,545,000 after purchasing an additional 1,043,457 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of LiveRamp by 13.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 763,084 shares of the company’s stock valued at $28,906,000 after purchasing an additional 92,480 shares in the last quarter. Finally, Ophir Asset Management Pty Ltd raised its position in LiveRamp by 5,308.7% in the 4th quarter. Ophir Asset Management Pty Ltd now owns 746,079 shares of the company’s stock worth $28,261,000 after purchasing an additional 732,285 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on RAMP. Benchmark reiterated a “buy” rating and issued a $56.00 price objective on shares of LiveRamp in a research report on Wednesday, July 10th. StockNews.com lowered LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Finally, Morgan Stanley cut their target price on shares of LiveRamp from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, May 23rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $50.25.

Insider Buying and Selling at LiveRamp

In other news, CTO Mohsin Hussain sold 17,299 shares of the business’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 owns 88,546 shares of the company’s stock, valued at approximately $2,758,207.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CTO Mohsin Hussain sold 17,299 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $31.15, for a total transaction of $538,863.85. Following the sale, the chief technology officer now owns 88,546 shares of the company’s stock, valued at $2,758,207.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kimberly Bloomston sold 13,055 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $31.11, for a total value of $406,141.05. Following the completion of the transaction, the insider now owns 127,404 shares of the company’s stock, valued at $3,963,538.44. The disclosure for this sale can be found here. Insiders own 3.39% of the company’s stock.

LiveRamp Trading Down 2.6 %

Shares of NYSE:RAMP traded down $0.80 during midday trading on Wednesday, hitting $29.58. The company had a trading volume of 927,762 shares, compared to its average volume of 624,111. LiveRamp Holdings, Inc. has a 12 month low of $27.04 and a 12 month high of $42.66. The firm has a fifty day simple moving average of $31.34 and a 200 day simple moving average of $34.05. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 167.17 and a beta of 1.00.

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

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.