Algert Global LLC Has $5.42 Million Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Algert Global LLC lifted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 107.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,906 shares of the company’s stock after acquiring an additional 113,161 shares during the quarter. Algert Global LLC owned approximately 0.34% of LiveRamp worth $5,424,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of RAMP. DT Investment Partners LLC bought a new stake in shares of LiveRamp during the second quarter worth $27,000. Quarry LP increased its position in LiveRamp by 4,575.0% in the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock valued at $29,000 after acquiring an additional 915 shares in the last quarter. Blue Trust Inc. increased its position in LiveRamp by 187.1% in the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock valued at $33,000 after acquiring an additional 694 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of LiveRamp in the first quarter worth about $87,000. Finally, Quest Partners LLC lifted its position in shares of LiveRamp by 68.8% during the second quarter. Quest Partners LLC now owns 2,998 shares of the company’s stock worth $93,000 after purchasing an additional 1,222 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RAMP has been the topic of a number of recent research reports. Wells Fargo & Company initiated coverage on LiveRamp in a research report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price objective on the stock. Macquarie reiterated an “outperform” rating and issued a $43.00 price objective on shares of LiveRamp in a research report on Thursday, November 7th. Evercore ISI cut their target price on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Craig Hallum lowered their price target on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Benchmark cut their price objective on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, LiveRamp presently has an average rating of “Moderate Buy” and a consensus target price of $41.14.

Insiders Place Their Bets

In other news, insider Kimberly Bloomston sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the sale, the insider now owns 117,247 shares in the company, valued at $2,951,106.99. This represents a 3.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Debora B. Tomlin sold 9,765 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total value of $244,808.55. Following the completion of the sale, the director now directly owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. The trade was a 28.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,538 shares of company stock valued at $495,471 in the last quarter. 3.39% of the stock is currently owned by insiders.

LiveRamp Trading Up 1.1 %

RAMP stock opened at $30.71 on Monday. The firm has a market cap of $2.00 billion, a PE ratio of 614.32 and a beta of 0.96. The business’s 50-day moving average price is $25.81 and its two-hundred day moving average price is $27.97. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $42.66.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.14. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The firm had revenue of $185.00 million for the quarter, compared to analyst estimates of $176.16 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The business’s revenue was up 15.6% on a year-over-year basis. On average, analysts forecast that LiveRamp Holdings, Inc. will post 0.37 earnings per share for the current year.

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.