Stanley Laman Group Ltd. Buys 34,100 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Stanley Laman Group Ltd. lifted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 43.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,273 shares of the company's stock after buying an additional 34,100 shares during the period. Stanley Laman Group Ltd. owned about 0.17% of LiveRamp worth $2,935,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in LiveRamp during the 4th quarter worth about $392,000. Empowered Funds LLC acquired a new stake in shares of LiveRamp during the fourth quarter worth approximately $220,000. Smartleaf Asset Management LLC grew its position in LiveRamp by 477.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $49,000 after purchasing an additional 1,332 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in LiveRamp by 4.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,557 shares of the company's stock valued at $1,141,000 after buying an additional 1,766 shares during the period. Finally, Baillie Gifford & Co. lifted its position in LiveRamp by 4.3% in the 4th quarter. Baillie Gifford & Co. now owns 1,416,642 shares of the company's stock worth $43,023,000 after buying an additional 58,568 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

Insider Buying and Selling

In other LiveRamp news, CTO Mohsin Hussain sold 17,529 shares of LiveRamp stock in a transaction that occurred on 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 now directly owns 79,616 shares of the company's stock, valued at $2,627,328. The trade was a 18.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RAMP has been the topic of several research analyst reports. Wall Street Zen upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Morgan Stanley upped their target price on LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Benchmark reaffirmed a "buy" rating and set a $48.00 price target (up from $45.00) on shares of LiveRamp in a research note on Thursday, May 22nd. Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company raised their price objective on shares of LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, LiveRamp currently has an average rating of "Moderate Buy" and a consensus target price of $40.67.

LiveRamp Trading Up 1.4%

LiveRamp stock traded up $0.43 during trading hours on Monday, reaching $31.73. 564,680 shares of the company were exchanged, compared to its average volume of 585,001. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $36.08. The stock has a 50-day moving average of $28.73 and a 200 day moving average of $29.84. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 3,173.00 and a beta of 1.01.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its 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 firm had revenue of $188.72 million during the quarter, compared to analyst estimates of $185.41 million. LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 earnings per share. As a group, research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

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.