LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lessened its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 25.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,493 shares of the company's stock after selling 24,927 shares during the period. Two Sigma Investments LP owned 0.11% of LiveRamp worth $2,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in RAMP. Boston Partners lifted its stake in shares of LiveRamp by 109.4% during the 4th quarter. Boston Partners now owns 690,057 shares of the company's stock worth $21,331,000 after acquiring an additional 360,440 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of LiveRamp by 30.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,040 shares of the company's stock worth $29,885,000 after purchasing an additional 230,478 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of LiveRamp by 451.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 248,573 shares of the company's stock valued at $7,522,000 after purchasing an additional 203,471 shares during the period. Janus Henderson Group PLC boosted its stake in shares of LiveRamp by 10.3% during the fourth quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company's stock valued at $54,600,000 after purchasing an additional 168,418 shares during the period. Finally, Norges Bank bought a new position in shares of LiveRamp in the fourth quarter worth about $5,057,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

Insider Buying and Selling

In related news, CTO Mohsin Hussain sold 17,529 shares of the 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 now directly owns 79,616 shares in the company, valued at approximately $2,627,328. This represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.39% of the stock is owned by insiders.

LiveRamp Trading Down 0.0%

LiveRamp stock traded down $0.01 during mid-day trading on Wednesday, hitting $32.68. The company's stock had a trading volume of 352,598 shares, compared to its average volume of 630,532. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $36.08. The firm has a market capitalization of $2.12 billion, a PE ratio of 3,268.00 and a beta of 1.02. The stock's fifty day moving average is $27.67 and its two-hundred day moving average is $29.70.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $188.72 million during the quarter, compared to analyst estimates of $185.41 million. LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. The business's revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 earnings per share. On average, equities analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RAMP. Benchmark reaffirmed a "buy" rating and set a $48.00 price target (up previously from $45.00) on shares of LiveRamp in a research note on Thursday, May 22nd. Morgan Stanley boosted their price objective 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. Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Wells Fargo & Company lifted their price target on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Finally, Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, LiveRamp currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.67.

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.