Capital Fund Management S.A. Acquires 44,578 Shares of LiveRamp Holdings, Inc. $RAMP

Key Points

• Capital Fund Management S.A. significantly increased its holdings in LiveRamp Holdings by 237.9%, owning 63,314 shares worth $1.655 million at the end of the reporting period.
• LiveRamp recently reported earnings of $0.44 per share, exceeding analyst estimates, and showed a 10.7% year-over-year increase in quarterly revenue.
• Analysts have mixed ratings on LiveRamp, with target prices ranging from $30.00 to $51.00, reflecting varying opinions on the stock's performance.

Capital Fund Management S.A. increased its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 237.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,314 shares of the company's stock after purchasing an additional 44,578 shares during the period. Capital Fund Management S.A. owned approximately 0.10% of LiveRamp worth $1,655,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Azzad Asset Management Inc. ADV grew its position in shares of LiveRamp by 3.1% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 22,870 shares of the company's stock worth $598,000 after buying an additional 695 shares during the period. Blue Trust Inc. boosted its stake in LiveRamp by 63.0% during the first 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. Quarry LP boosted its stake in LiveRamp by 344.4% during the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock worth $44,000 after acquiring an additional 1,133 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in LiveRamp by 1.0% during the first quarter. Summit Trail Advisors LLC now owns 117,111 shares of the company's stock worth $3,061,000 after acquiring an additional 1,187 shares in the last quarter. Finally, Clarius Group LLC boosted its stake in LiveRamp by 1.6% during the first quarter. Clarius Group LLC now owns 96,566 shares of the company's stock worth $2,524,000 after acquiring an additional 1,480 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

Insider Buying and Selling at LiveRamp

In related news, Director Timothy R. Cadogan sold 2,500 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $34.00, for a total transaction of $85,000.00. Following the transaction, the director directly owned 55,470 shares of the company's stock, valued at $1,885,980. This trade represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.31% of the stock is owned by insiders.

LiveRamp Price Performance

Shares of RAMP stock traded up $0.27 during trading hours on Thursday, reaching $27.61. The company had a trading volume of 535,721 shares, compared to its average volume of 755,205. LiveRamp Holdings, Inc. has a 12 month low of $22.82 and a 12 month high of $36.08. The business has a fifty day simple moving average of $30.90 and a 200-day simple moving average of $29.49. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 125.50 and a beta of 1.00.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%.The business had revenue of $194.82 million for the quarter, compared to analysts' expectations of $191.22 million. During the same period last year, the business earned $0.35 EPS. The business's revenue was up 10.7% on a year-over-year basis. On average, equities research analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on RAMP shares. DA Davidson started coverage on shares of LiveRamp in a research report on Wednesday, July 9th. They set a "buy" rating and a $45.00 price objective on the stock. Benchmark reiterated a "buy" rating and issued a $51.00 price target (up previously from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. Zacks Research lowered LiveRamp from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Morgan Stanley cut their price target on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Finally, Wells Fargo & Company increased their target price on LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $40.83.

LiveRamp 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.