Maryland State Retirement & Pension System Sells 516 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Maryland State Retirement & Pension System lessened its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,978 shares of the company’s stock after selling 516 shares during the period. Maryland State Retirement & Pension System’s holdings in LiveRamp were worth $667,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Boston Partners grew its stake in shares of LiveRamp by 109.4% during the 4th quarter. Boston Partners now owns 690,057 shares of the company’s stock worth $21,331,000 after acquiring an additional 360,440 shares in the last quarter. Royce & Associates LP boosted its holdings in LiveRamp by 15.2% during the fourth quarter. Royce & Associates LP now owns 366,350 shares of the company’s stock worth $11,126,000 after purchasing an additional 48,440 shares during the last quarter. Natixis Advisors LLC bought a new position in LiveRamp in the fourth quarter valued at $567,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in LiveRamp by 43.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 508,186 shares of the company’s stock valued at $15,434,000 after buying an additional 153,055 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in LiveRamp during the 4th quarter worth about $1,674,000. Institutional investors own 93.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

LiveRamp Price Performance

Shares of LiveRamp stock opened at $27.80 on Tuesday. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $38.00. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 2,779.70 and a beta of 0.96. The business has a fifty day simple moving average of $31.15 and a two-hundred day simple moving average of $28.94.

LiveRamp (NYSE:RAMP) last announced its quarterly 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%. As a group, equities analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Transactions at LiveRamp

In related news, CTO Mohsin Hussain sold 3,554 shares of the firm’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 transaction, the chief technology officer now directly owns 57,594 shares of the company’s stock, valued at approximately $1,939,189.98. This trade represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $35.56, for a total transaction 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 represents a 26.43 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is owned by corporate 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.