Teacher Retirement System of Texas Sells 13,599 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Teacher Retirement System of Texas reduced its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 15.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,860 shares of the company's stock after selling 13,599 shares during the quarter. Teacher Retirement System of Texas owned 0.11% of LiveRamp worth $1,957,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in LiveRamp by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 8,847,543 shares of the company's stock worth $268,700,000 after acquiring an additional 118,179 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of LiveRamp by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,694,801 shares of the company's stock worth $81,843,000 after buying an additional 121,856 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of LiveRamp by 10.3% during the 4th quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company's stock worth $54,600,000 after buying an additional 168,418 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of LiveRamp by 3.7% during the 4th quarter. Franklin Resources Inc. now owns 1,582,917 shares of the company's stock worth $48,073,000 after buying an additional 56,667 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its stake in shares of LiveRamp by 27.1% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 997,402 shares of the company's stock worth $26,072,000 after buying an additional 212,572 shares during the last quarter. 93.83% of the stock is owned by institutional investors.

LiveRamp Price Performance

LiveRamp stock traded up $0.44 during midday trading on Monday, hitting $32.60. The company's stock had a trading volume of 386,155 shares, compared to its average volume of 611,302. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $36.08. The company has a 50-day moving average price of $31.44 and a two-hundred day moving average price of $30.00. The company has a market cap of $2.12 billion, a price-to-earnings ratio of -3,259.50 and a beta of 1.01.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). LiveRamp had a positive return on equity of 1.33% and a negative net margin of 0.11%. The business had revenue of $188.72 million during the quarter, compared to analyst estimates of $185.41 million. During the same quarter last year, the firm earned $0.25 EPS. LiveRamp's revenue for the quarter was up 9.8% compared to the same quarter last year. Sell-side analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Insider Activity

In other LiveRamp news, CTO Mohsin Hussain sold 17,529 shares of the firm's 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 transaction, the chief technology officer directly owned 79,616 shares of the company's stock, valued at $2,627,328. This trade represents a 18.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy R. Cadogan sold 2,500 shares of the firm's stock in a transaction dated 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 disclosure for this sale can be found here. 3.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Benchmark restated a "buy" rating and set a $48.00 target price (up previously from $45.00) on shares of LiveRamp in a research note on Thursday, May 22nd. Wells Fargo & Company raised their target price on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Evercore ISI restated an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. Finally, DA Davidson assumed coverage on shares of LiveRamp in a research note on Wednesday, July 9th. They set a "buy" rating and a $45.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.29.

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.