Cubist Systematic Strategies LLC Decreases Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Cubist Systematic Strategies LLC trimmed its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 16.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,979 shares of the company's stock after selling 30,255 shares during the quarter. Cubist Systematic Strategies LLC owned 0.23% of LiveRamp worth $4,555,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of RAMP. First Horizon Advisors Inc. bought a new stake in shares of LiveRamp during the fourth quarter worth $38,000. Quarry LP raised its holdings in shares of LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after acquiring an additional 1,133 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $49,000 after acquiring an additional 1,332 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of LiveRamp by 232.2% in the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company's stock valued at $52,000 after acquiring an additional 1,189 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of LiveRamp by 101.5% in the fourth 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. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Stock Performance

Shares of NYSE:RAMP traded down $0.02 during midday trading on Thursday, reaching $29.74. 88,155 shares of the company's stock traded hands, compared to its average volume of 631,002. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $38.00. The company has a market cap of $1.96 billion, a P/E ratio of 2,976.50 and a beta of 1.02. The company has a fifty day simple moving average of $26.32 and a two-hundred day simple moving average of $29.24.

Insider Activity

In other news, CTO Mohsin Hussain sold 3,554 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $33.67, for a total value 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 $1,939,189.98. This represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a report on Wednesday, April 16th. Morgan Stanley reiterated an "equal weight" rating on shares of LiveRamp in a report on Wednesday, April 16th. Benchmark restated a "buy" rating and set a $45.00 price objective on shares of LiveRamp in a report on Wednesday, February 26th. Finally, StockNews.com upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, LiveRamp presently has an average 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.