Vihan Sharma Sells 39,845 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) Stock

LiveRamp Holdings, Inc. (NYSE:RAMP) CRO Vihan Sharma sold 39,845 shares of the company’s stock in a transaction on 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

LiveRamp Stock Down 1.6 %

NYSE:RAMP opened at $33.79 on Thursday. The stock’s 50 day moving average price is $32.05 and its two-hundred day moving average price is $28.21. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $38.15. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 3,379.00 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. As a group, analysts anticipate that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current year.

Institutional Investors Weigh In On LiveRamp

Several hedge funds have recently modified their holdings of the company. Pitcairn Co. bought a new position in shares of LiveRamp in the 4th quarter worth about $334,000. ExodusPoint Capital Management LP bought a new stake in LiveRamp during the fourth quarter worth $1,491,000. Motley Fool Asset Management LLC lifted its position in shares of LiveRamp by 99.8% during the fourth quarter. Motley Fool Asset Management LLC now owns 93,814 shares of the company’s stock valued at $2,849,000 after purchasing an additional 46,870 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of LiveRamp by 3.7% in the 4th quarter. Franklin Resources Inc. now owns 1,582,917 shares of the company’s stock worth $48,073,000 after buying an additional 56,667 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in LiveRamp by 46.5% in the 4th quarter. Alliancebernstein L.P. now owns 169,739 shares of the company’s stock valued at $5,155,000 after purchasing an additional 53,869 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on RAMP shares. StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Benchmark reaffirmed a “buy” rating and issued a $42.00 target price on shares of LiveRamp in a research note on Tuesday, February 4th. Wells Fargo & Company started coverage on LiveRamp in a research note on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price objective on the stock. Morgan Stanley increased their price objective on shares of LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Finally, Evercore ISI increased their price target on shares of LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, LiveRamp presently has a consensus rating of “Moderate Buy” and an average target price of $39.33.

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.