Janney Montgomery Scott LLC Sells 13,990 Shares of LiveRamp Holdings, Inc. $RAMP

Janney Montgomery Scott LLC trimmed its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMPFree Report) by 60.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 9,214 shares of the company’s stock after selling 13,990 shares during the quarter. Janney Montgomery Scott LLC’s holdings in LiveRamp were worth $304,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of LiveRamp by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 380,060 shares of the company’s stock valued at $9,935,000 after acquiring an additional 10,624 shares during the last quarter. AQR Capital Management LLC increased its holdings in LiveRamp by 101.5% in the first quarter. AQR Capital Management LLC now owns 229,244 shares of the company’s stock valued at $5,869,000 after purchasing an additional 115,464 shares during the last quarter. Blue Trust Inc. lifted its stake in LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company’s stock valued at $67,000 after buying an additional 989 shares during the period. Voya Investment Management LLC boosted its holdings in LiveRamp by 38.3% during the first quarter. Voya Investment Management LLC now owns 65,840 shares of the company’s stock worth $1,721,000 after buying an additional 18,222 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in LiveRamp during the first quarter worth about $543,000. 93.83% of the stock is owned by institutional investors.

LiveRamp Stock Performance

Shares of RAMP stock opened at $27.32 on Monday. LiveRamp Holdings, Inc. has a 52 week low of $22.82 and a 52 week high of $36.08. The company’s 50 day moving average price is $27.25 and its two-hundred day moving average price is $29.12. The company has a market capitalization of $1.79 billion, a P/E ratio of 124.16 and a beta of 0.90.

LiveRamp (NYSE:RAMPGet Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. The company had revenue of $194.82 million during the quarter, compared to analysts’ expectations of $191.22 million. During the same quarter in the prior year, the company earned $0.35 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. Analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Zacks Research raised LiveRamp from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Benchmark restated a “buy” rating and set a $51.00 price objective (up previously from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of LiveRamp in a report on Wednesday, October 8th. DA Davidson assumed coverage on shares of LiveRamp in a research report on Wednesday, July 9th. They set a “buy” rating and a $45.00 price target on the stock. Finally, Wall Street Zen raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, LiveRamp presently has an average rating of “Hold” and an average price target of $40.83.

Read Our Latest Stock Analysis on LiveRamp

Insider Transactions at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 12,734 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $27.94, for a total transaction of $355,787.96. Following the completion of the transaction, the chief technology officer owned 63,409 shares in the company, valued at approximately $1,771,647.46. This represents a 16.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.31% of the company’s stock.

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.

See Also

Want to see what other hedge funds are holding RAMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LiveRamp Holdings, Inc. (NYSE:RAMPFree Report).

Institutional Ownership by Quarter for LiveRamp (NYSE:RAMP)

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