LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. boosted its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 427.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,899 shares of the company's stock after buying an additional 79,337 shares during the quarter. Balyasny Asset Management L.P. owned 0.15% of LiveRamp worth $2,973,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. acquired a new stake in shares of LiveRamp in the 4th quarter valued at $38,000. Quarry LP increased its position in shares of LiveRamp by 344.4% during the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock worth $44,000 after purchasing an additional 1,133 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of LiveRamp by 477.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $49,000 after purchasing an additional 1,332 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of LiveRamp by 232.2% during the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company's stock worth $52,000 after buying an additional 1,189 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of LiveRamp by 101.5% during the fourth 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 last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Price Performance

Shares of RAMP stock traded down $0.01 during midday trading on Wednesday, reaching $29.70. 369,634 shares of the company traded hands, compared to its average volume of 633,144. The firm's 50 day simple moving average is $26.32 and its two-hundred day simple moving average is $29.24. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $38.00. The firm has a market cap of $1.95 billion, a PE ratio of 2,970.00 and a beta of 1.02.

Insider Activity

In other news, CTO Mohsin Hussain sold 3,554 shares of LiveRamp stock in a transaction that occurred 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 sale, the chief technology officer now directly owns 57,594 shares in the company, valued at approximately $1,939,189.98. This trade represents a 5.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.39% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a report on Wednesday, April 16th. StockNews.com raised LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Morgan Stanley reaffirmed an "equal weight" rating on shares of LiveRamp in a report on Wednesday, April 16th. Finally, Benchmark reaffirmed a "buy" rating and issued a $45.00 price objective on shares of LiveRamp in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.17.

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.