Banque Pictet & Cie SA Sells 83,000 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Banque Pictet & Cie SA cut its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 44.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm 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 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RAMP. US Bancorp DE raised its holdings in LiveRamp by 872.2% in the fourth quarter. US Bancorp DE now owns 8,244 shares of the company's stock worth $250,000 after purchasing an additional 7,396 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of LiveRamp by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 995,960 shares of the company's stock worth $30,247,000 after acquiring an additional 49,152 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of LiveRamp by 68.4% during the fourth quarter. Victory Capital Management Inc. now owns 28,640 shares of the company's stock worth $870,000 after acquiring an additional 11,629 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of LiveRamp during the fourth quarter worth $206,000. Finally, PNC Financial Services Group Inc. increased its position in shares of 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 acquiring an additional 2,665 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CTO Mohsin Hussain sold 17,529 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were 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 owned 79,616 shares of the company's stock, valued at approximately $2,627,328. This represents a 18.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 directly owned 55,470 shares of the company's stock, valued at approximately $1,885,980. This trade represents a 4.31% decrease in their position. The disclosure for this sale can be found here. 3.31% of the stock is owned by insiders.

LiveRamp Stock Performance

Shares of RAMP stock traded down $1.35 during midday trading on Friday, hitting $32.13. 350,350 shares of the company were exchanged, compared to its average volume of 612,206. The firm has a market capitalization of $2.09 billion, a P/E ratio of -3,213.00 and a beta of 1.01. The firm's 50 day moving average price is $31.44 and its two-hundred day moving average price is $30.00. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $36.08.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RAMP shares. DA Davidson started coverage on shares of LiveRamp in a research report on Wednesday. They set a "buy" rating and a $45.00 price objective for the company. Benchmark reissued a "buy" rating and set a $48.00 price objective (up previously from $45.00) on shares of LiveRamp in a research report on Thursday, May 22nd. Wall Street Zen raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Wells Fargo & Company lifted their price target on shares of LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Finally, Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $41.29.

About LiveRamp

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.