Janus Henderson Group PLC Buys 44,808 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Janus Henderson Group PLC lifted its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,251,094 shares of the company’s stock after buying an additional 44,808 shares during the quarter. Janus Henderson Group PLC owned about 3.44% of LiveRamp worth $77,662,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Illinois Municipal Retirement Fund grew its holdings in LiveRamp by 1.2% during the first quarter. Illinois Municipal Retirement Fund now owns 38,264 shares of the company’s stock worth $1,320,000 after purchasing an additional 461 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of LiveRamp by 198.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 786 shares of the company’s stock worth $30,000 after acquiring an additional 523 shares during the last quarter. Covestor Ltd raised its stake in LiveRamp by 44.9% in the 1st quarter. Covestor Ltd now owns 2,131 shares of the company’s stock valued at $73,000 after acquiring an additional 660 shares during the period. ProShare Advisors LLC raised its stake in LiveRamp by 5.7% in the 1st quarter. ProShare Advisors LLC now owns 13,057 shares of the company’s stock valued at $450,000 after acquiring an additional 708 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in LiveRamp by 62.9% during the 4th quarter. Pacer Advisors Inc. now owns 1,908 shares of the company’s stock valued at $72,000 after purchasing an additional 737 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Benchmark reissued a “buy” rating and issued a $56.00 price target on shares of LiveRamp in a report on Wednesday, July 10th. Finally, Morgan Stanley reduced 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. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $50.25.

LiveRamp Trading Up 0.4 %

NYSE RAMP traded up $0.12 during trading on Wednesday, reaching $30.65. The company’s stock had a trading volume of 121,560 shares, compared to its average volume of 619,312. LiveRamp Holdings, Inc. has a 12 month low of $27.04 and a 12 month high of $42.66. The firm has a 50 day moving average price of $31.05 and a 200 day moving average price of $33.83. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 169.18 and a beta of 1.00.

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

Insider Buying and Selling

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

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.