LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 10.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 30,884 shares of the company’s stock after acquiring an additional 3,020 shares during the period. Y Intercept Hong Kong Ltd’s holdings in LiveRamp were worth $938,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. American Capital Management Inc. increased its position in LiveRamp by 46.7% during the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock worth $71,312,000 after purchasing an additional 916,578 shares during the last quarter. Tributary Capital Management LLC purchased a new position in shares of LiveRamp in the fourth quarter valued at approximately $15,251,000. Invenomic Capital Management LP boosted its stake in shares of LiveRamp by 257.7% in the third quarter. Invenomic Capital Management LP now owns 337,574 shares of the company’s stock valued at $8,365,000 after purchasing an additional 243,198 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of LiveRamp by 451.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 248,573 shares of the company’s stock valued at $7,522,000 after purchasing an additional 203,471 shares during the period. Finally, 272 Capital LP purchased a new position in LiveRamp in the third quarter worth approximately $3,914,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CRO Vihan Sharma sold 39,845 shares of LiveRamp stock in a transaction on Monday, February 10th. The shares were sold at an average price of $35.56, for a total value of $1,416,888.20. Following the transaction, the executive now directly owns 110,902 shares in the company, valued at $3,943,675.12. This trade represents a 26.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Mohsin Hussain sold 3,554 shares of LiveRamp stock in a transaction on Friday, February 14th. The shares were sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the transaction, the chief technology officer now owns 57,594 shares in the company, valued at approximately $1,939,189.98. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.39% of the company’s stock.

LiveRamp Price Performance

Shares of LiveRamp stock opened at $29.56 on Friday. The firm’s fifty day simple moving average is $32.14 and its 200-day simple moving average is $28.56. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 2,955.50 and a beta of 0.96. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $38.00.

LiveRamp (NYSE:RAMP) last announced its 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 net margin of 0.01% and a return on equity of 0.97%. Analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on RAMP. Macquarie reiterated an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a research note on Thursday, November 7th. Benchmark reiterated a “buy” rating and issued a $45.00 price target on shares of LiveRamp in a research note on Wednesday. Morgan Stanley lifted their price target on shares of LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Finally, Evercore ISI raised their price objective on shares of LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Two 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 company. Based on data from MarketBeat.com, LiveRamp currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.83.

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.