Teacher Retirement System of Texas Has $1.96 Million Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Teacher Retirement System of Texas lessened its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 15.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,860 shares of the company's stock after selling 13,599 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.11% of LiveRamp worth $1,957,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. US Bancorp DE raised its holdings in LiveRamp by 872.2% in the fourth quarter. US Bancorp DE now owns 8,244 shares of the company's stock valued at $250,000 after buying an additional 7,396 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in LiveRamp by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 995,960 shares of the company's stock valued at $30,247,000 after buying an additional 49,152 shares during the period. Victory Capital Management Inc. raised its holdings in LiveRamp by 68.4% in the fourth quarter. Victory Capital Management Inc. now owns 28,640 shares of the company's stock valued at $870,000 after buying an additional 11,629 shares during the period. Raymond James Financial Inc. purchased a new position in LiveRamp in the fourth quarter valued at approximately $206,000. Finally, PNC Financial Services Group Inc. raised its holdings in LiveRamp by 67.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,637 shares of the company's stock valued at $202,000 after buying an additional 2,665 shares during the period. Hedge funds and other institutional investors own 93.83% of the company's stock.

Insider Activity at LiveRamp

In related news, Director Timothy R. Cadogan sold 2,500 shares of the company'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 transaction, the director 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Mohsin Hussain sold 17,529 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $2,627,328. This trade represents a 18.04% decrease in their position. The disclosure for this sale can be found here. 3.31% of the stock is owned by insiders.

LiveRamp Stock Down 4.0%

NYSE RAMP traded down $1.35 during trading on Friday, hitting $32.13. The company's stock had a trading volume of 350,350 shares, compared to its average volume of 611,662. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $36.08. The firm has a market cap of $2.09 billion, a P/E ratio of -3,213.00 and a beta of 1.01. The firm has a 50 day moving average price of $31.32 and a 200 day moving average price of $30.00.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its 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). LiveRamp had a negative net margin of 0.11% and a positive return on equity of 1.33%. The firm had revenue of $188.72 million during the quarter, compared to analyst estimates of $185.41 million. During the same quarter in the prior year, the firm posted $0.25 EPS. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

RAMP has been the topic of a number of analyst reports. Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. DA Davidson assumed coverage on shares of LiveRamp in a research note on Wednesday. They issued a "buy" rating and a $45.00 price target for the company. Wells Fargo & Company upped their target price on shares of LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Benchmark reaffirmed a "buy" rating and issued a $48.00 price objective (up previously from $45.00) on shares of LiveRamp in a report on Thursday, May 22nd. Finally, Morgan Stanley upped their price objective on shares of LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, LiveRamp currently has an average rating of "Moderate Buy" and an average target price of $41.29.

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.