LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC cut its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 2.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 487,919 shares of the company's stock after selling 14,243 shares during the period. Tributary Capital Management LLC owned approximately 0.74% of LiveRamp worth $12,754,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RAMP. Victory Capital Management Inc. raised its holdings in shares of LiveRamp by 118.1% in the first quarter. Victory Capital Management Inc. now owns 62,474 shares of the company's stock worth $1,633,000 after buying an additional 33,834 shares during the period. CWM LLC raised its holdings in shares of LiveRamp by 248.4% in the first quarter. CWM LLC now owns 8,305 shares of the company's stock worth $217,000 after buying an additional 5,921 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of LiveRamp by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 76,230 shares of the company's stock worth $1,993,000 after buying an additional 1,858 shares during the period. Principal Financial Group Inc. raised its holdings in shares of LiveRamp by 2.9% in the first quarter. Principal Financial Group Inc. now owns 380,060 shares of the company's stock worth $9,935,000 after buying an additional 10,624 shares during the period. Finally, Summit Trail Advisors LLC raised its holdings in shares of LiveRamp by 1.0% in the first quarter. Summit Trail Advisors LLC now owns 117,111 shares of the company's stock worth $3,061,000 after buying an additional 1,187 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 17,529 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total value of $578,457.00. Following the sale, the chief technology officer directly owned 79,616 shares in the company, valued at $2,627,328. This trade represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy R. Cadogan sold 2,500 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the completion of the sale, 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 disclosure for this sale can be found here. 3.31% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on RAMP shares. Benchmark reaffirmed a "buy" rating and set a $48.00 target price (up previously from $45.00) on shares of LiveRamp in a research report on Thursday, May 22nd. DA Davidson started coverage on LiveRamp in a research report on Wednesday, July 9th. They set a "buy" rating and a $45.00 target price on the stock. Wells Fargo & Company increased their target price on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Morgan Stanley raised their price objective on LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $41.29.

LiveRamp Stock Performance

Shares of RAMP stock traded up $0.02 during trading hours on Friday, reaching $33.12. The company had a trading volume of 283,650 shares, compared to its average volume of 608,144. The stock has a fifty day moving average of $31.98 and a 200-day moving average of $30.08. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of -3,312.00 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 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 analysts' expectations of $185.41 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company's revenue was up 9.8% on a year-over-year basis. On average, analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

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.