King Luther Capital Management Corp Sells 21,535 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Key Points

• King Luther Capital Management Corp reduced its stake in LiveRamp Holdings, Inc. by 14.7% in Q1, selling 21,535 shares and now owning approximately 0.19% of the company, valued at $3.28 million.
• LiveRamp's recent earnings report showed an EPS of $0.44, beating the consensus estimate by $0.01, with a 10.7% increase in revenue compared to the previous year.
• Analysts have given LiveRamp a consensus rating of "Moderate Buy" with an average price target of $41.50, with several firms adjusting their price targets upwards recently.

King Luther Capital Management Corp lowered its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 14.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,386 shares of the company's stock after selling 21,535 shares during the quarter. King Luther Capital Management Corp owned approximately 0.19% of LiveRamp worth $3,278,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP grew its stake in 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 in the last quarter. Blue Trust Inc. grew its stake in shares of LiveRamp by 63.0% in the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after buying an additional 989 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of LiveRamp by 97.0% in 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 in the last quarter. Raymond James Financial Inc. bought a new stake in shares of LiveRamp in the 4th quarter valued at approximately $206,000. Finally, Summit Investment Advisors Inc. grew its stake in shares of LiveRamp by 7.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,906 shares of the company's stock valued at $210,000 after buying an additional 462 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

LiveRamp Trading Down 1.4%

Shares of NYSE RAMP traded down $0.36 during mid-day trading on Thursday, reaching $25.81. 837,324 shares of the company's stock were exchanged, compared to its average volume of 571,738. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 117.32 and a beta of 1.00. LiveRamp Holdings, Inc. has a twelve month low of $22.82 and a twelve month high of $36.08. The business has a fifty day simple moving average of $32.01 and a 200 day simple moving average of $30.07.

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

Analyst Ratings Changes

Several equities research analysts recently commented on RAMP shares. Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Morgan Stanley cut their price target on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating for the company in a report on Tuesday. DA Davidson assumed coverage on LiveRamp in a report on Wednesday, July 9th. They set a "buy" rating and a $45.00 price target for the company. Benchmark restated a "buy" rating and set a $51.00 price objective (up from $48.00) on shares of LiveRamp in a research report on Tuesday, August 5th. Finally, Wells Fargo & Company upped their price target on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $40.83.

Insider Transactions at LiveRamp

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