PDT Partners LLC Acquires 7,923 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

PDT Partners LLC increased its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 9.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 93,760 shares of the company’s stock after buying an additional 7,923 shares during the period. PDT Partners LLC’s holdings in LiveRamp were worth $2,847,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in LiveRamp by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 8,847,543 shares of the company’s stock worth $268,700,000 after buying an additional 118,179 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in LiveRamp by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,694,801 shares of the company’s stock worth $81,843,000 after buying an additional 121,856 shares during the last quarter. Franklin Resources Inc. grew its stake in LiveRamp by 3.7% during 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. Baillie Gifford & Co. grew its stake in LiveRamp by 4.3% during the 4th quarter. Baillie Gifford & Co. now owns 1,416,642 shares of the company’s stock worth $43,023,000 after buying an additional 58,568 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in LiveRamp by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 995,960 shares of the company’s stock worth $30,247,000 after buying an additional 49,152 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, CTO Mohsin Hussain sold 3,554 shares of the company’s stock in a transaction dated 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 transaction, the chief technology officer now owns 57,594 shares of the company’s stock, valued at approximately $1,939,189.98. This represents a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the executive now directly owns 110,902 shares of the company’s stock, valued at $3,943,675.12. The trade was a 26.43 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.39% of the company’s stock.

LiveRamp Stock Performance

Shares of RAMP opened at $27.33 on Wednesday. The stock has a market cap of $1.80 billion, a P/E ratio of 2,732.80 and a beta of 1.05. The stock has a 50-day moving average of $26.74 and a two-hundred day moving average of $29.03. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $38.00.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) 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%. Analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

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.