Vihan Sharma Sells 39,845 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) Stock

LiveRamp Holdings, Inc. (NYSE:RAMP) CRO Vihan Sharma sold 39,845 shares of LiveRamp stock in a transaction on Monday, February 10th. The stock was sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the completion of the transaction, the executive now directly owns 110,902 shares in the company, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

LiveRamp Stock Down 3.5 %

Shares of RAMP stock traded down $1.24 during mid-day trading on Tuesday, reaching $34.37. 439,324 shares of the company’s stock traded hands, compared to its average volume of 530,164. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $39.07. The company has a market cap of $2.26 billion, a P/E ratio of 3,437.00 and a beta of 0.96. The company’s 50-day moving average price is $31.94 and its 200-day moving average price is $28.14.

LiveRamp (NYSE:RAMP) last announced its earnings results 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 net margin of 0.01% and a return on equity of 0.97%. Equities analysts predict that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current year.

Hedge Funds Weigh In On LiveRamp

A number of hedge funds have recently bought and sold shares of RAMP. American Capital Management Inc. boosted its stake in LiveRamp by 46.7% in the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock worth $71,312,000 after purchasing an additional 916,578 shares in the last quarter. Tributary Capital Management LLC purchased a new position in LiveRamp in the 4th quarter worth about $15,251,000. Boston Partners raised its position in LiveRamp by 109.4% in the 4th quarter. Boston Partners now owns 690,057 shares of the company’s stock worth $21,331,000 after buying an additional 360,440 shares during the last quarter. Assenagon Asset Management S.A. raised its position in LiveRamp by 111.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock worth $13,857,000 after buying an additional 294,743 shares during the last quarter. Finally, Invenomic Capital Management LP raised its position in LiveRamp by 257.7% in the 3rd quarter. Invenomic Capital Management LP now owns 337,574 shares of the company’s stock worth $8,365,000 after buying an additional 243,198 shares during the last quarter. Institutional investors own 93.83% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on RAMP. Evercore ISI lifted their price target on shares of LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Macquarie reiterated an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a report on Thursday, November 7th. Wells Fargo & Company began coverage on shares of LiveRamp in a report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price target on the stock. Finally, Morgan Stanley lifted their price target on shares of LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Two investment 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 company’s stock. Based on data from MarketBeat.com, LiveRamp has an average rating of “Moderate Buy” and an average target price of $39.33.

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.