LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 6.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 33,487 shares of the company’s stock after selling 2,388 shares during the period. Illinois Municipal Retirement Fund’s holdings in LiveRamp were worth $1,017,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in RAMP. First Horizon Advisors Inc. acquired a new position in shares of LiveRamp during the fourth quarter valued at approximately $38,000. GAMMA Investing LLC grew its position in LiveRamp by 232.2% in the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after buying an additional 1,189 shares during the last quarter. Point72 DIFC Ltd acquired a new position in LiveRamp in the third quarter worth approximately $92,000. KBC Group NV grew its position in LiveRamp by 57.0% in the fourth quarter. KBC Group NV now owns 3,457 shares of the company’s stock worth $105,000 after buying an additional 1,255 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new position in LiveRamp in the fourth quarter worth approximately $115,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Benchmark restated a “buy” rating and issued a $45.00 price target on shares of LiveRamp in a research report on Wednesday, February 26th. Morgan Stanley lifted their price target on shares of LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Evercore ISI raised their price objective 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, Macquarie reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of LiveRamp in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, LiveRamp presently has an average 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 LiveRamp stock in a transaction on 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 completion of the sale, the executive now owns 110,902 shares of the company’s stock, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mohsin Hussain sold 3,554 shares of LiveRamp stock in a transaction on 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 sale, the chief technology officer now directly owns 57,594 shares of the company’s stock, valued at approximately $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 owned by company insiders.

LiveRamp Stock Up 1.3 %

Shares of NYSE:RAMP opened at $29.92 on Monday. The firm has a fifty day moving average of $32.14 and a two-hundred day moving average of $28.70. The firm has a market capitalization of $1.97 billion, a P/E ratio of 2,992.00 and a beta of 0.96. LiveRamp Holdings, Inc. has a 12-month low of $21.45 and a 12-month high of $38.00.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (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 research analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

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.