Cubist Systematic Strategies LLC Has $4.56 Million Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Cubist Systematic Strategies LLC decreased its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 16.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 149,979 shares of the company’s stock after selling 30,255 shares during the period. Cubist Systematic Strategies LLC’s holdings in LiveRamp were worth $4,555,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. First Horizon Advisors Inc. acquired a new position in shares of LiveRamp in the 4th quarter valued at about $38,000. Quarry LP lifted its stake in LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company’s stock valued at $44,000 after buying an additional 1,133 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of LiveRamp by 477.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $49,000 after buying an additional 1,332 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of LiveRamp by 232.2% during 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 in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of LiveRamp by 101.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock worth $62,000 after buying an additional 1,027 shares during the period. Institutional investors own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, 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 transaction of $119,663.18. Following the completion of the sale, the chief technology officer now directly owns 57,594 shares of the company’s stock, valued at approximately $1,939,189.98. This trade represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Vihan Sharma sold 39,845 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $3,943,675.12. This represents a 26.43 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by corporate insiders.

LiveRamp Stock Up 0.6 %

Shares of LiveRamp stock opened at $28.14 on Friday. The company has a market cap of $1.85 billion, a PE ratio of 2,814.00 and a beta of 1.02. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $38.00. The business has a 50 day moving average price of $26.25 and a 200-day moving average price of $29.13.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data 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%. As a group, research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current 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.