Principal Financial Group Inc. Boosts Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Principal Financial Group Inc. boosted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 2.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 380,060 shares of the company's stock after purchasing an additional 10,624 shares during the quarter. Principal Financial Group Inc. owned about 0.58% of LiveRamp worth $9,935,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP raised its position in shares of LiveRamp by 344.4% during the 4th quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after purchasing an additional 1,133 shares during the period. Blue Trust Inc. grew its stake in shares of LiveRamp by 63.0% in the 1st 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. Russell Investments Group Ltd. grew its stake in shares of LiveRamp by 97.0% in the 4th quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock worth $121,000 after buying an additional 1,963 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of LiveRamp by 67.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,637 shares of the company's stock worth $202,000 after buying an additional 2,665 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of LiveRamp in the 4th quarter worth $206,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

LiveRamp Trading Up 0.2%

Shares of RAMP stock traded up $0.06 during trading hours on Friday, hitting $33.16. The company's stock had a trading volume of 89,531 shares, compared to its average volume of 606,042. The company has a 50 day moving average of $31.88 and a 200 day moving average of $30.06. The stock has a market cap of $2.16 billion, a PE ratio of -3,312.30 and a beta of 1.01. LiveRamp Holdings, Inc. has a 12-month low of $21.45 and a 12-month high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly 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 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 business's quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $0.25 earnings per share. As a group, analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RAMP has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Morgan Stanley lifted their price target on shares of LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. DA Davidson began coverage on shares of LiveRamp in a research report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price objective for the company. Benchmark reissued a "buy" rating and issued a $48.00 price objective (up from $45.00) on shares of LiveRamp in a research report on Thursday, May 22nd. Finally, Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.29.

Insiders Place Their Bets

In other LiveRamp news, Director Timothy R. Cadogan sold 2,500 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $34.00, for a total transaction of $85,000.00. Following the completion of the transaction, the director directly 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 legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Mohsin Hussain sold 17,529 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total transaction of $578,457.00. Following the transaction, 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.

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.