LiveRamp Holdings (RAMP) Shares Sold by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD decreased its position in LiveRamp Holdings (NASDAQ:RAMP) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 678,645 shares of the company’s stock after selling 55,625 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in LiveRamp were worth $37,033,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James & Associates acquired a new stake in shares of LiveRamp in the 1st quarter worth about $394,000. Meridian Management Co. boosted its holdings in LiveRamp by 5.6% in the 1st quarter. Meridian Management Co. now owns 5,659 shares of the company’s stock worth $309,000 after buying an additional 300 shares during the period. First Mercantile Trust Co. bought a new position in LiveRamp in the 1st quarter worth approximately $90,000. California Public Employees Retirement System boosted its holdings in LiveRamp by 21.5% in the 1st quarter. California Public Employees Retirement System now owns 164,340 shares of the company’s stock worth $8,968,000 after buying an additional 29,032 shares during the period. Finally, Water Island Capital LLC bought a new position in LiveRamp in the 1st quarter worth approximately $388,000.

In related news, insider James F. Arra sold 106,888 shares of the company’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $52.54, for a total transaction of $5,615,895.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jerry C. Jones sold 14,740 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $59.20, for a total transaction of $872,608.00. The disclosure for this sale can be found here.

Several analysts have recently weighed in on RAMP shares. Zacks Investment Research upgraded shares of LiveRamp from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Tuesday, March 5th. Evercore ISI began coverage on shares of LiveRamp in a research report on Thursday, February 28th. They issued an “outperform” rating and a $70.00 target price on the stock. Four investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of $62.75.

LiveRamp stock traded up $1.03 during trading hours on Wednesday, hitting $55.71. The stock had a trading volume of 7,023 shares, compared to its average volume of 740,080. LiveRamp Holdings has a 12-month low of $25.49 and a 12-month high of $63.23.

LiveRamp (NASDAQ:RAMP) last announced its earnings results on Monday, February 11th. The company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.38) by $0.41. The business had revenue of $80.02 million for the quarter, compared to analysts’ expectations of $76.86 million.

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LiveRamp Company Profile

LiveRamp Holdings, Inc provides identity and data connectivity for powering exceptional customer experiences. The company offers IdentityLink, an identity resolution platform that connects people, data, and devices across the physical and digital world, powering privacy-compliant, people-based marketing that allows consumers to better connect with the brands and products they love.

See Also: Initial Public Offering (IPO)

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Institutional Ownership by Quarter for LiveRamp (NASDAQ:RAMP)

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