Millennium Management LLC Has $5.66 Million Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Millennium Management LLC decreased its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 36.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 186,247 shares of the company's stock after selling 105,204 shares during the quarter. Millennium Management LLC owned approximately 0.28% of LiveRamp worth $5,656,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in LiveRamp by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 8,847,543 shares of the company's stock valued at $268,700,000 after purchasing an additional 118,179 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in LiveRamp by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,694,801 shares of the company's stock valued at $81,843,000 after purchasing an additional 121,856 shares during the last quarter. Janus Henderson Group PLC raised its stake in LiveRamp by 10.3% during the 4th quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company's stock valued at $54,600,000 after purchasing an additional 168,418 shares during the last quarter. Franklin Resources Inc. raised its stake in LiveRamp by 3.7% during the 4th quarter. Franklin Resources Inc. now owns 1,582,917 shares of the company's stock valued at $48,073,000 after purchasing an additional 56,667 shares during the last quarter. Finally, Baillie Gifford & Co. increased its holdings in LiveRamp by 4.3% in the 4th quarter. Baillie Gifford & Co. now owns 1,416,642 shares of the company's stock valued at $43,023,000 after buying an additional 58,568 shares during the period. Institutional investors own 93.83% of the company's stock.

LiveRamp Trading Down 0.1%

NYSE RAMP traded down $0.04 on Friday, hitting $32.59. 590,092 shares of the company were exchanged, compared to its average volume of 632,701. The firm has a 50 day moving average of $27.33 and a two-hundred day moving average of $29.63. The company has a market cap of $2.12 billion, a P/E ratio of 3,259.00 and a beta of 1.02. 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 the consensus estimate of $0.31 by ($0.01). The company had revenue of $188.72 million for the quarter, compared to analyst estimates of $185.41 million. LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. The firm's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS. Research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Mohsin Hussain sold 17,529 shares of the company'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 transaction, the chief technology officer now owns 79,616 shares in the company, valued at $2,627,328. This represents a 18.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.39% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.