Peregrine Capital Management LLC Trims Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Peregrine Capital Management LLC lessened its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,340 shares of the company's stock after selling 14,644 shares during the period. Peregrine Capital Management LLC owned approximately 0.38% of LiveRamp worth $6,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund lifted its holdings in LiveRamp by 9.8% in the first quarter. Illinois Municipal Retirement Fund now owns 36,762 shares of the company's stock valued at $961,000 after acquiring an additional 3,275 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of LiveRamp by 87.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 132,029 shares of the company's stock valued at $3,451,000 after purchasing an additional 61,543 shares during the period. Legacy Advisors LLC lifted its stake in shares of LiveRamp by 53.0% in the 1st quarter. Legacy Advisors LLC now owns 21,880 shares of the company's stock valued at $572,000 after purchasing an additional 7,575 shares during the period. Blue Trust Inc. boosted its holdings 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 buying an additional 989 shares in the last quarter. Finally, Clarius Group LLC grew its position in LiveRamp by 1.6% during the first quarter. Clarius Group LLC now owns 96,566 shares of the company's stock valued at $2,524,000 after buying an additional 1,480 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other LiveRamp news, 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 completion of the sale, the chief technology officer owned 79,616 shares in the company, valued at approximately $2,627,328. This represents a 18.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.39% of the company's stock.

Analyst Upgrades and Downgrades

RAMP has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Morgan Stanley increased their price target 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 reissued a "buy" rating and issued a $48.00 price objective (up from $45.00) on shares of LiveRamp in a report on Thursday, May 22nd. Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.67.

LiveRamp Stock Down 0.3%

Shares of LiveRamp stock traded down $0.11 during mid-day trading on Wednesday, reaching $33.05. 65,273 shares of the stock traded hands, compared to its average volume of 610,681. The stock has a market capitalization of $2.15 billion, a PE ratio of -3,304.00 and a beta of 1.01. The business has a 50-day moving average of $30.36 and a 200 day moving average of $29.87. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week 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 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $188.72 million for the quarter, compared to analysts' expectations of $185.41 million. LiveRamp had a positive return on equity of 1.33% and a negative net margin of 0.11%. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. On average, equities research analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

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.