AlphaQuest LLC Buys Shares of 36,662 LiveRamp Holdings, Inc. (NYSE:RAMP)

AlphaQuest LLC bought a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 36,662 shares of the company’s stock, valued at approximately $1,113,000.

A number of other institutional investors and hedge funds have also bought and sold shares of RAMP. First Horizon Advisors Inc. bought a new stake in LiveRamp during the 4th quarter valued at $38,000. Smartleaf Asset Management LLC raised its position in LiveRamp by 477.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock valued at $49,000 after purchasing an additional 1,332 shares in the last quarter. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 1,189 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of LiveRamp by 101.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock worth $62,000 after acquiring an additional 1,027 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of LiveRamp in the 3rd quarter worth $92,000. 93.83% of the stock is owned by institutional investors.

Insider Transactions at LiveRamp

In other news, CRO Vihan Sharma sold 39,845 shares of the company’s stock in a transaction dated 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 sale, the executive now owns 110,902 shares in the company, valued at $3,943,675.12. This represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Mohsin Hussain sold 3,554 shares of the stock in a transaction that occurred 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 transaction, the chief technology officer now owns 57,594 shares in the company, valued at $1,939,189.98. This represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on RAMP shares. Evercore ISI boosted their price target on LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Morgan Stanley boosted their price target on LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Finally, Benchmark reissued a “buy” rating and issued a $45.00 price target on shares of LiveRamp in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.83.

LiveRamp Price Performance

Shares of NYSE:RAMP opened at $26.83 on Monday. The business’s 50-day moving average is $31.93 and its 200 day moving average is $28.85. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $38.00. The firm has a market capitalization of $1.76 billion, a P/E ratio of 2,683.40 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last posted 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 net margin of 0.01% and a return on equity of 0.97%. On average, analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

LiveRamp Company 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.