Baillie Gifford & Co. Sells 104,619 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Key Points

• Baillie Gifford & Co. reduced its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 7.4%, selling 104,619 shares and retaining approximately 1.31 million shares worth $34.3 million.
• LiveRamp reported higher revenue of $188.72 million for the last quarter, up 9.8% year-over-year, but missed earnings expectations with an EPS of $0.30.
• Several analysts have given positive ratings on LiveRamp stock, with a consensus rating of "Moderate Buy" and an average target price of $41.29.

Baillie Gifford & Co. lowered its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 7.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,312,023 shares of the company's stock after selling 104,619 shares during the period. Baillie Gifford & Co. owned 2.00% of LiveRamp worth $34,296,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RAMP. KLP Kapitalforvaltning AS bought a new stake in LiveRamp in the 4th quarter valued at $392,000. Principal Financial Group Inc. increased its stake in shares of LiveRamp by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 380,060 shares of the company's stock worth $9,935,000 after purchasing an additional 10,624 shares during the last quarter. Blue Trust Inc. raised its position in shares of LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after purchasing an additional 989 shares during the period. SG Americas Securities LLC bought a new position in shares of LiveRamp in the first quarter valued at about $543,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of LiveRamp by 4.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,557 shares of the company's stock valued at $1,141,000 after purchasing an additional 1,766 shares during the period. Institutional investors and hedge funds own 93.83% of the company's stock.

LiveRamp Price Performance

Shares of NYSE:RAMP traded up $0.43 during mid-day trading on Wednesday, hitting $33.49. The company had a trading volume of 40,892 shares, compared to its average volume of 552,075. The firm has a fifty day moving average price of $32.49 and a 200 day moving average price of $30.22. The company has a market capitalization of $2.18 billion, a PE ratio of -3,346.50 and a beta of 1.01. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $188.72 million during the quarter, compared to the consensus estimate of $185.41 million. LiveRamp had a negative net margin of 0.11% and a positive return on equity of 1.33%. The business's revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS. Research analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RAMP has been the topic of several research analyst reports. Benchmark reissued a "buy" rating and issued a $48.00 price objective (up from $45.00) on shares of LiveRamp in a research report on Thursday, May 22nd. Evercore ISI restated an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. DA Davidson initiated coverage on shares of LiveRamp in a report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Finally, Morgan Stanley increased their price objective on shares of LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $41.29.

Insider Buying and Selling at LiveRamp

In other LiveRamp news, Director Timothy R. Cadogan sold 2,500 shares of LiveRamp stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the sale, the director owned 55,470 shares of the company's stock, valued at approximately $1,885,980. The trade was a 4.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Mohsin Hussain sold 17,529 shares of LiveRamp stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total transaction of $578,457.00. Following the completion of the sale, the chief technology officer directly owned 79,616 shares in the company, valued at approximately $2,627,328. This represents a 18.04% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.31% 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.