Northern Trust Corp Trims Holdings in LiveRamp Holdings, Inc. $RAMP

Northern Trust Corp reduced its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 734,351 shares of the company's stock after selling 26,965 shares during the period. Northern Trust Corp owned approximately 1.12% of LiveRamp worth $19,196,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted 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 purchasing an additional 989 shares during the last quarter. Raymond James Financial Inc. bought a new stake in LiveRamp during the fourth quarter worth $206,000. Sherbrooke Park Advisers LLC bought a new stake in LiveRamp during the fourth quarter worth $211,000. Mariner LLC bought a new stake in LiveRamp during the fourth quarter worth $241,000. Finally, Bridgefront Capital LLC bought a new stake in LiveRamp during the fourth quarter worth $242,000. 93.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at LiveRamp

In related news, Director Timothy R. Cadogan sold 2,500 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $34.00, for a total value of $85,000.00. Following the transaction, the director owned 55,470 shares in the company, valued at approximately $1,885,980. This 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 accessible through this link. 3.31% of the stock is owned by insiders.

LiveRamp Trading Up 2.2%

NYSE:RAMP traded up $0.61 during trading hours on Friday, hitting $28.38. 958,995 shares of the company were exchanged, compared to its average volume of 722,380. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 128.99 and a beta of 0.92. LiveRamp Holdings, Inc. has a one year low of $22.82 and a one year high of $36.08. The company has a fifty day simple moving average of $30.38 and a 200 day simple moving average of $29.21.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The company 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%.The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS. Equities research analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

RAMP has been the subject of a number of research reports. Wall Street Zen cut LiveRamp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 30th. Morgan Stanley dropped their price target on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 12th. Benchmark reiterated a "buy" rating and issued a $51.00 price target (up from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. DA Davidson initiated coverage on LiveRamp in a research note on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price target for the company. Finally, Wells Fargo & Company increased their price target on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus 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.