LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 75.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,690 shares of the company's stock after selling 55,780 shares during the quarter. Bank of Montreal Can's holdings in LiveRamp were worth $537,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Tributary Capital Management LLC purchased a new stake in shares of LiveRamp in the 4th quarter valued at approximately $15,251,000. Boston Partners raised its holdings in LiveRamp by 109.4% in the 4th quarter. Boston Partners now owns 690,057 shares of the company's stock valued at $21,331,000 after buying an additional 360,440 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in LiveRamp by 30.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,040 shares of the company's stock worth $29,885,000 after buying an additional 230,478 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of LiveRamp by 451.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 248,573 shares of the company's stock valued at $7,522,000 after acquiring an additional 203,471 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of LiveRamp in the 4th quarter worth approximately $5,057,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on RAMP. Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and set a $45.00 price objective on shares of LiveRamp in a research report on Wednesday, February 26th. StockNews.com upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday. Finally, Morgan Stanley reissued an "equal weight" rating on shares of LiveRamp in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, LiveRamp has a consensus rating of "Moderate Buy" and a consensus price target of $38.17.

LiveRamp Price Performance

Shares of LiveRamp stock traded up $0.42 during trading hours on Friday, hitting $27.02. The company had a trading volume of 310,339 shares, compared to its average volume of 629,970. The company's 50-day moving average is $26.97 and its two-hundred day moving average is $28.96. The company has a market cap of $1.78 billion, a P/E ratio of 2,702.00 and a beta of 1.05. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $38.00.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share 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%. Sell-side analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Insider Transactions at LiveRamp

In related news, CRO Vihan Sharma sold 39,845 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive now owns 110,902 shares in the company, valued at $3,943,675.12. This trade represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $119,663.18. Following the transaction, the chief technology officer now owns 57,594 shares in the company, valued at $1,939,189.98. The trade was a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.39% of the company's stock.

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.