Bayesian Capital Management LP Invests $456,000 in LiveRamp Holdings, Inc. (NYSE:RAMP)

Bayesian Capital Management LP purchased a new position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,001 shares of the company's stock, valued at approximately $456,000.

A number of other institutional investors also recently bought and sold shares of the business. Summit Investment Advisors Inc. raised its stake in LiveRamp by 7.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,906 shares of the company's stock valued at $210,000 after purchasing an additional 462 shares during the last quarter. Carolina Wealth Advisors LLC lifted its stake in shares of LiveRamp by 2.2% in the fourth quarter. Carolina Wealth Advisors LLC now owns 25,608 shares of the company's stock worth $778,000 after buying an additional 560 shares in the last quarter. Summit Trail Advisors LLC boosted its position in LiveRamp by 0.5% during the fourth quarter. Summit Trail Advisors LLC now owns 115,924 shares of the company's stock worth $3,521,000 after acquiring an additional 625 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in LiveRamp by 101.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock valued at $62,000 after acquiring an additional 1,027 shares in the last quarter. Finally, Quarry LP raised its holdings in LiveRamp by 344.4% in the 4th quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after acquiring an additional 1,133 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CTO Mohsin Hussain sold 3,554 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $33.67, for a total value of $119,663.18. Following the sale, the chief technology officer now owns 57,594 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Vihan Sharma sold 39,845 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RAMP. Benchmark restated a "buy" rating and issued a $45.00 price target on shares of LiveRamp in a research report on Wednesday, February 26th. StockNews.com raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Morgan Stanley restated an "equal weight" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Finally, Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given 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 an average target price of $38.17.

LiveRamp Trading Up 0.6 %

LiveRamp stock traded up $0.17 during trading on Friday, hitting $28.14. The company had a trading volume of 332,492 shares, compared to its average volume of 633,145. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $38.00. The company's 50 day simple moving average is $26.25 and its 200-day simple moving average is $29.13. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 2,814.00 and a beta of 1.02.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. As a group, analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

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.