Newport Trust Company LLC Reduces Stake in LiveRamp Holdings, Inc. $RAMP

Key Points

• Newport Trust Company LLC sold 9,770 shares of LiveRamp Holdings, decreasing its stake by 1.5%, but still retains approximately 646,446 shares valued at about $16.9 million.
• Institutional investors hold a substantial 93.83% of LiveRamp's stock, indicating strong institutional interest in the company.
• LiveRamp's last earnings report showed a 10.7% revenue increase year-over-year, with an EPS of $0.44, surpassing analysts' expectations.

Newport Trust Company LLC reduced its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 1.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 646,446 shares of the company's stock after selling 9,770 shares during the quarter. Newport Trust Company LLC owned approximately 0.98% of LiveRamp worth $16,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Quarry LP increased its position in LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock worth $44,000 after buying an additional 1,133 shares during the last quarter. Blue Trust Inc. raised its stake in shares of LiveRamp by 63.0% during the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after purchasing an additional 989 shares during the period. Russell Investments Group Ltd. raised its stake in shares of LiveRamp by 97.0% during the 4th quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock valued at $121,000 after purchasing an additional 1,963 shares during the period. Raymond James Financial Inc. bought a new stake in shares of LiveRamp during the 4th quarter valued at $206,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of LiveRamp during the 4th quarter valued at $211,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

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 sale, the director directly owned 55,470 shares in the company, valued at $1,885,980. This represents a 4.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Mohsin Hussain sold 17,529 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total value of $578,457.00. Following the sale, the chief technology officer owned 79,616 shares of the company's stock, valued at $2,627,328. This represents a 18.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.31% of the company's stock.

LiveRamp Trading Up 3.6%

Shares of RAMP traded up $0.98 during midday trading on Friday, reaching $27.89. The stock had a trading volume of 634,259 shares, compared to its average volume of 689,288. The company's 50-day moving average is $31.18 and its 200 day moving average is $29.63. LiveRamp Holdings, Inc. has a 12-month low of $22.82 and a 12-month high of $36.08. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 126.78 and a beta of 1.00.

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. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%.The firm had revenue of $194.82 million during the quarter, compared to analysts' expectations of $191.22 million. During the same period in the prior year, the business earned $0.35 EPS. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. Research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

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.