LiveRamp Holdings, Inc. (NYSE:RAMP) Insider Sells $100,680.00 in Stock

LiveRamp Holdings, Inc. (NYSE:RAMP) 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 value of $100,680.00. Following the sale, the insider now directly owns 117,247 shares in the company, valued at $2,951,106.99. The sale was disclosed in a filing with the SEC, which is available through this link.

LiveRamp Price Performance

NYSE RAMP opened at $25.09 on Monday. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $42.66. The company has a market capitalization of $1.68 billion, a P/E ratio of 139.39 and a beta of 0.96. The business has a 50 day moving average price of $26.03 and a 200 day moving average price of $30.09.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.04. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. The business had revenue of $175.96 million for the quarter, compared to analysts’ expectations of $171.92 million. During the same quarter last year, the firm earned $0.09 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis. On average, research analysts expect that LiveRamp Holdings, Inc. will post 0.37 earnings per share for the current fiscal year.

Institutional Trading of LiveRamp

A number of hedge funds and other institutional investors have recently modified their holdings of the business. DT Investment Partners LLC acquired a new position in shares of LiveRamp during the second quarter worth approximately $27,000. Quarry LP raised its stake in LiveRamp by 4,575.0% during the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock valued at $29,000 after purchasing an additional 915 shares during the period. Blue Trust Inc. raised its stake in LiveRamp by 187.1% during the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock valued at $33,000 after purchasing an additional 694 shares during the period. Covestor Ltd raised its stake in LiveRamp by 44.9% during the 1st quarter. Covestor Ltd now owns 2,131 shares of the company’s stock valued at $73,000 after purchasing an additional 660 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in LiveRamp during the 1st quarter valued at $87,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Craig Hallum cut their target price on LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. StockNews.com downgraded LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Benchmark restated a “buy” rating and issued a $56.00 target price on shares of LiveRamp in a research note on Tuesday, August 6th. Evercore ISI reduced their price target on LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Macquarie upgraded LiveRamp to a “strong-buy” rating in a research report on Thursday, August 8th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, LiveRamp currently has a consensus rating of “Buy” and an average target price of $46.80.

About LiveRamp

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.