Teacher Retirement System of Texas Acquires 49,013 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Teacher Retirement System of Texas boosted its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 124.3% during the fourth quarter, Holdings Channel reports. The fund owned 88,459 shares of the company’s stock after acquiring an additional 49,013 shares during the period. Teacher Retirement System of Texas’ holdings in LiveRamp were worth $2,687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RAMP. American Capital Management Inc. grew its stake in shares of LiveRamp by 46.7% during the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock valued at $71,312,000 after purchasing an additional 916,578 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of LiveRamp by 11.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,526,250 shares of the company’s stock valued at $37,653,000 after buying an additional 157,696 shares during the period. Geode Capital Management LLC raised its position in shares of LiveRamp by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,493,522 shares of the company’s stock worth $37,017,000 after acquiring an additional 15,340 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of LiveRamp by 4.3% during the fourth quarter. Baillie Gifford & Co. now owns 1,416,642 shares of the company’s stock valued at $43,023,000 after acquiring an additional 58,568 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in LiveRamp by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 995,960 shares of the company’s stock valued at $30,247,000 after acquiring an additional 49,152 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Stock Performance

Shares of RAMP opened at $27.53 on Wednesday. The firm has a market cap of $1.81 billion, a P/E ratio of 2,753.00 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. The firm’s 50 day moving average price is $31.10 and its two-hundred day moving average price is $28.95.

LiveRamp (NYSE:RAMP) last issued 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 return on equity of 0.97% and a net margin of 0.01%. On average, sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on RAMP shares. StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Morgan Stanley raised their price objective on shares of LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Benchmark reiterated a “buy” rating and issued a $45.00 price target on shares of LiveRamp in a research report on Wednesday, February 26th. Finally, Evercore ISI upped their price objective 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. Two investment 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.com, LiveRamp presently has an average rating of “Moderate Buy” and a consensus target price of $39.83.

Insider Transactions at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 3,554 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the transaction, the chief technology officer now owns 57,594 shares of the company’s stock, valued at $1,939,189.98. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Vihan Sharma sold 39,845 shares of LiveRamp 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 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 disclosure for this sale can be found here. Company insiders own 3.39% of the company’s stock.

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.