Algert Global LLC Raises Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

by · The Cerbat Gem

Algert Global LLC lifted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP – Free Report) by 38.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,958 shares of the company’s stock after purchasing an additional 85,052 shares during the quarter. Algert Global LLC owned about 0.46% of LiveRamp worth $9,231,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of RAMP. Barclays PLC grew its position in LiveRamp by 56.3% during the 3rd quarter. Barclays PLC now owns 438,121 shares of the company’s stock worth $10,857,000 after purchasing an additional 157,775 shares during the last quarter. Franklin Resources Inc. grew its stake in LiveRamp by 11.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,526,250 shares of the company’s stock valued at $37,653,000 after purchasing an additional 157,696 shares during the last quarter. GAMMA Investing LLC increased its holdings in LiveRamp by 232.2% in the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after buying an additional 1,189 shares during the period. Carolina Wealth Advisors LLC raised its position in LiveRamp by 2.2% during the 4th quarter. Carolina Wealth Advisors LLC now owns 25,608 shares of the company’s stock worth $778,000 after buying an additional 560 shares during the last quarter. Finally, Clarius Group LLC lifted its stake in LiveRamp by 1.9% during the 4th quarter. Clarius Group LLC now owns 95,086 shares of the company’s stock valued at $2,888,000 after acquiring an additional 1,758 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on RAMP shares. Benchmark reissued a “buy” rating and set a $45.00 target price on shares of LiveRamp in a report on Wednesday, February 26th. StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 22nd. Morgan Stanley reaffirmed an “equal weight” rating on shares of LiveRamp in a report on Wednesday, April 16th. Finally, Evercore ISI reiterated an “underperform” rating on shares of LiveRamp in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, LiveRamp currently has an average rating of “Moderate Buy” and an average price target of $38.17.

View Our Latest Stock Report on LiveRamp

LiveRamp Stock Performance

Shares of NYSE RAMP opened at $26.54 on Monday. The firm has a market cap of $1.75 billion, a PE ratio of 2,654.00 and a beta of 1.02. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $38.00. The firm has a fifty day moving average of $26.48 and a 200 day moving average of $29.10.

LiveRamp (NYSE:RAMP – Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 EPS 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, equities analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 3,554 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $33.67, for a total value of $119,663.18. Following the completion of the sale, the chief technology officer now directly owns 57,594 shares in the company, valued at $1,939,189.98. This represents a 5.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the sale, the executive now owns 110,902 shares of the company’s stock, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by insiders.

LiveRamp Company Profile

(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.

Featured Articles