King Luther Capital Management Corp Boosts Stock Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

King Luther Capital Management Corp grew its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 6.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,921 shares of the company’s stock after purchasing an additional 8,854 shares during the quarter. King Luther Capital Management Corp’s holdings in LiveRamp were worth $4,462,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in LiveRamp in the 3rd quarter worth $780,000. State of New Jersey Common Pension Fund D increased its holdings in LiveRamp by 30.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 77,696 shares of the company’s stock worth $1,925,000 after acquiring an additional 18,009 shares in the last quarter. Royce & Associates LP increased its holdings in LiveRamp by 75.6% in the 3rd quarter. Royce & Associates LP now owns 317,910 shares of the company’s stock worth $7,878,000 after acquiring an additional 136,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in LiveRamp by 55.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 355,131 shares of the company’s stock worth $8,800,000 after acquiring an additional 126,527 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in LiveRamp during the 3rd quarter worth $444,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Trading Up 0.9 %

Shares of RAMP stock opened at $26.57 on Thursday. The company’s 50-day moving average price is $31.67 and its 200-day moving average price is $28.84. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 2,656.90 and a beta of 0.96. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $38.00.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share 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 predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at LiveRamp

In other LiveRamp news, CRO Vihan Sharma sold 39,845 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $35.56, for a total value of $1,416,888.20. Following the transaction, the executive now owns 110,902 shares of the company’s stock, valued at $3,943,675.12. This represents a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Mohsin Hussain sold 3,554 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the transaction, the chief technology officer now directly owns 57,594 shares in the company, valued at $1,939,189.98. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by corporate insiders.

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.