LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by Banque Pictet & Cie SA

Banque Pictet & Cie SA trimmed its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 44.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 102,000 shares of the company's stock after selling 83,000 shares during the period. Banque Pictet & Cie SA owned about 0.16% of LiveRamp worth $2,666,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP grew its stake in shares of LiveRamp by 344.4% during 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 period. Blue Trust Inc. raised its holdings in shares of LiveRamp by 63.0% during the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after acquiring an additional 989 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in LiveRamp by 97.0% during the 4th quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock valued at $121,000 after buying an additional 1,963 shares during the period. PNC Financial Services Group Inc. boosted its stake in LiveRamp by 67.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,637 shares of the company's stock worth $202,000 after buying an additional 2,665 shares during the period. Finally, Raymond James Financial Inc. bought a new position in LiveRamp during the fourth quarter valued at $206,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley boosted their price objective on shares of LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a report on Wednesday, April 16th. Wells Fargo & Company increased their price target on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Benchmark reiterated a "buy" rating and issued a $48.00 price target (up previously from $45.00) on shares of LiveRamp in a report on Thursday, May 22nd. Finally, Wall Street Zen 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, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.29.

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 business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $34.00, for a total value of $85,000.00. Following the transaction, the director directly owned 55,470 shares of the company's stock, valued at approximately $1,885,980. This represents 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 Trading Down 4.0%

RAMP traded down $1.35 on Friday, hitting $32.13. The company had a trading volume of 350,350 shares, compared to its average volume of 611,650. The firm has a market cap of $2.09 billion, a P/E ratio of -3,213.00 and a beta of 1.01. The company's fifty day moving average price is $31.44 and its 200 day moving average price is $30.01. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $36.08.

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