Arrowstreet Capital Limited Partnership Raises Stock Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Arrowstreet Capital Limited Partnership boosted its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 30.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 984,040 shares of the company’s stock after acquiring an additional 230,478 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.50% of LiveRamp worth $29,885,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in RAMP. Tributary Capital Management LLC acquired a new stake in shares of LiveRamp in the fourth quarter worth $15,251,000. Boston Partners grew its position in 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 purchasing an additional 360,440 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of LiveRamp by 451.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 248,573 shares of the company’s stock valued at $7,522,000 after buying an additional 203,471 shares during the last quarter. Norges Bank acquired a new position in shares of LiveRamp in the 4th quarter valued at about $5,057,000. Finally, 272 Capital LP purchased a new stake in shares of LiveRamp in the third quarter worth about $3,914,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Stock Up 0.3 %

RAMP opened at $26.67 on Thursday. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 2,667.00 and a beta of 0.96. The firm’s fifty day simple moving average is $30.43 and its two-hundred day simple moving average is $29.00. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $38.00.

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 return on equity of 0.97% and a net margin of 0.01%. On average, research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Analyst Ratings Changes

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

Insider Activity at LiveRamp

In related news, CRO Vihan Sharma sold 39,845 shares of the 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 owns 110,902 shares of the company’s stock, valued at approximately $3,943,675.12. This trade represents a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Mohsin Hussain sold 3,554 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $33.67, for a total value of $119,663.18. Following the transaction, the chief technology officer now directly owns 57,594 shares in the company, valued at $1,939,189.98. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is 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.