LiveRamp Holdings, Inc. $RAMP Shares Sold by Algert Global LLC

Key Points

• Algert Global LLC reduced its stake in LiveRamp Holdings by 7.3%, selling 22,270 shares, and now owns approximately 0.43% of the company valued at $7.36 million.
• LiveRamp reported a quarterly earnings per share (EPS) of $0.44, surpassing analyst expectations of $0.43, with a revenue of $194.82 million which is a 10.7% increase year-over-year.
• Wall Street analysts show a consensus rating of "Moderate Buy" for LiveRamp, with target prices ranging from $26.00 to $51.00 per share.

Algert Global LLC cut its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 7.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,688 shares of the company's stock after selling 22,270 shares during the period. Algert Global LLC owned 0.43% of LiveRamp worth $7,363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in LiveRamp by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company's stock worth $238,692,000 after buying an additional 283,747 shares during the last quarter. Dimensional Fund Advisors LP raised its position in LiveRamp by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,694,801 shares of the company's stock worth $81,843,000 after buying an additional 121,856 shares during the last quarter. Janus Henderson Group PLC raised its position in LiveRamp by 10.3% during the 4th quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company's stock worth $54,600,000 after buying an additional 168,418 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in LiveRamp by 0.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,004,497 shares of the company's stock worth $26,258,000 after buying an additional 8,537 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its position in LiveRamp by 27.1% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 997,402 shares of the company's stock worth $26,072,000 after buying an additional 212,572 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Trading Up 3.6%

NYSE RAMP traded up $0.98 during trading hours on Friday, reaching $27.89. The company had a trading volume of 634,259 shares, compared to its average volume of 671,849. The stock has a 50-day moving average of $31.18 and a 200 day moving average of $29.71. LiveRamp Holdings, Inc. has a 1-year low of $22.82 and a 1-year high of $36.08. The stock has a market capitalization of $1.83 billion, a P/E ratio of 126.78 and a beta of 1.00.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $194.82 million for the quarter, compared to analysts' expectations of $191.22 million. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. LiveRamp's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. As a group, sell-side analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on RAMP. DA Davidson began coverage on shares of LiveRamp in a report on Wednesday, July 9th. They set a "buy" rating and a $45.00 target price for the company. Morgan Stanley cut their target price on shares of LiveRamp from $34.00 to $30.00 and set an "equal weight" rating for the company in a report on Tuesday, August 12th. Benchmark reaffirmed a "buy" rating and set a $51.00 target price (up from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. Zacks Research lowered shares of LiveRamp from a "hold" rating to a "strong sell" rating in a report on Tuesday. Finally, Wells Fargo & Company lifted their target price on shares of LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, LiveRamp has a consensus rating of "Hold" and an average target price of $40.83.

Insider Transactions at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 17,529 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total transaction of $578,457.00. Following the sale, the chief technology officer directly owned 79,616 shares in the company, valued at $2,627,328. This represents a 18.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy R. Cadogan sold 2,500 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $34.00, for a total transaction of $85,000.00. Following the sale, the director owned 55,470 shares in the company, valued at $1,885,980. The trade was a 4.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.31% of the stock is owned by corporate insiders.

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.