LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its stake in LiveRamp Holdings, Inc. (NYSE:RAMPFree Report) by 63.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 2,558 shares of the company’s stock after purchasing an additional 989 shares during the quarter. Blue Trust Inc.’s holdings in LiveRamp were worth $67,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Rhumbline Advisers boosted its position in shares of LiveRamp by 1.3% during the fourth quarter. Rhumbline Advisers now owns 185,383 shares of the company’s stock worth $5,630,000 after buying an additional 2,419 shares during the period. Principal Financial Group Inc. boosted its position in shares of LiveRamp by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 369,436 shares of the company’s stock worth $11,220,000 after buying an additional 10,931 shares during the period. Handelsbanken Fonder AB boosted its position in shares of LiveRamp by 23.6% during the fourth quarter. Handelsbanken Fonder AB now owns 16,767 shares of the company’s stock worth $509,000 after buying an additional 3,200 shares during the period. First Horizon Advisors Inc. purchased a new position in shares of LiveRamp during the fourth quarter worth $38,000. Finally, Y Intercept Hong Kong Ltd boosted its position in shares of LiveRamp by 10.8% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 30,884 shares of the company’s stock worth $938,000 after buying an additional 3,020 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 22nd. Evercore ISI restated an “underperform” rating on shares of LiveRamp in a research report on Wednesday, April 16th. Wells Fargo & Company raised their price target on LiveRamp from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 22nd. Morgan Stanley raised their price target on LiveRamp from $28.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Friday, May 23rd. Finally, Benchmark restated a “buy” rating and set a $48.00 price target (up from $45.00) on shares of LiveRamp in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.67.

Get Our Latest Research Report on LiveRamp

LiveRamp Trading Up 0.9%

NYSE:RAMP opened at $32.75 on Friday. The firm has a market cap of $2.13 billion, a PE ratio of -3,275.40 and a beta of 1.01. The stock has a fifty day moving average price of $29.87 and a 200 day moving average price of $29.87. LiveRamp Holdings, Inc. has a 12-month low of $21.45 and a 12-month high of $36.08.

LiveRamp (NYSE:RAMPGet Free Report) last released its earnings results on Wednesday, May 21st. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The company had revenue of $188.72 million during the quarter, compared to analysts’ expectations of $185.41 million. LiveRamp had a negative net margin of 0.11% and a positive return on equity of 1.33%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $0.25 earnings per share. Equities analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Insider Activity at LiveRamp

In related news, CTO Mohsin Hussain sold 17,529 shares of LiveRamp stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total value of $578,457.00. Following the completion of the transaction, the chief technology officer now directly owns 79,616 shares in the company, valued at approximately $2,627,328. This trade represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.39% of the stock is currently owned by company insiders.

About LiveRamp

(Free Report)

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.

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Institutional Ownership by Quarter for LiveRamp (NYSE:RAMP)

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