AlphaQuest LLC Makes New Investment in LiveRamp Holdings, Inc. (NYSE:RAMP)

AlphaQuest LLC purchased a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,662 shares of the company’s stock, valued at approximately $1,113,000. AlphaQuest LLC owned approximately 0.06% of LiveRamp as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RAMP. Janney Montgomery Scott LLC purchased a new stake in LiveRamp in the third quarter worth about $780,000. Robeco Institutional Asset Management B.V. grew its position in shares of LiveRamp by 353.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 66,911 shares of the company’s stock worth $1,658,000 after purchasing an additional 52,166 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of LiveRamp by 30.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 77,696 shares of the company’s stock worth $1,925,000 after purchasing an additional 18,009 shares in the last quarter. Royce & Associates LP grew its position in shares of LiveRamp by 75.6% during the third quarter. Royce & Associates LP now owns 317,910 shares of the company’s stock worth $7,878,000 after purchasing an additional 136,900 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of LiveRamp by 55.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 355,131 shares of the company’s stock worth $8,800,000 after purchasing an additional 126,527 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Insider Activity

In other news, CRO Vihan Sharma sold 39,845 shares of the firm’s 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 sale, the executive now directly owns 110,902 shares of the company’s stock, valued at $3,943,675.12. This trade represents a 26.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Mohsin Hussain sold 3,554 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $33.67, for a total value of $119,663.18. Following the completion of the sale, the chief technology officer now directly owns 57,594 shares of the company’s stock, valued at $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.

LiveRamp Trading Down 5.5 %

Shares of LiveRamp stock opened at $26.83 on Monday. The stock has a 50 day moving average of $31.93 and a 200 day moving average of $28.85. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $38.00. The firm has a market cap of $1.76 billion, a PE ratio of 2,683.40 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. As a group, equities research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Morgan Stanley increased their target price on LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Evercore ISI increased their target price on LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Benchmark reissued a “buy” rating and set a $45.00 price target on shares of LiveRamp in a research note on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, LiveRamp currently has a consensus rating of “Moderate Buy” and an average price target of $39.83.

LiveRamp Company 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.