Vanguard Group Inc. Buys 283,747 Shares of LiveRamp Holdings, Inc. $RAMP

Key Points

• Vanguard Group Inc. increased its stake in LiveRamp Holdings by 3.2%, acquiring an additional 283,747 shares and now owns 9,131,290 shares, valued at approximately $238.7 million.
• Insiders of LiveRamp sold significant portions of their shares with Director Timothy R. Cadogan selling 2,500 shares and CTO Mohsin Hussain selling 17,529 shares, reflecting decreases in their respective ownerships.
• LiveRamp's stock has a current price of $26.99 with a market cap of $1.77 billion, and has shown positive earnings growth, reporting $0.44 EPS, beating expectations.

Vanguard Group Inc. grew its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,131,290 shares of the company's stock after purchasing an additional 283,747 shares during the period. Vanguard Group Inc. owned approximately 13.89% of LiveRamp worth $238,692,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its holdings in LiveRamp by 2.9% during 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 in the last quarter. Blue Trust Inc. boosted its stake in shares of LiveRamp by 63.0% during the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after acquiring an additional 989 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of LiveRamp in the 1st quarter worth $543,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of LiveRamp by 4.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,557 shares of the company's stock worth $1,141,000 after purchasing an additional 1,766 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of LiveRamp by 97.0% during the fourth quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock worth $121,000 after purchasing an additional 1,963 shares during the period. Institutional investors and hedge funds own 93.83% of the company's stock.

Insider Activity at LiveRamp

In other news, CTO Mohsin Hussain sold 17,529 shares of the stock in a transaction on Wednesday, May 28th. The shares were 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 $2,627,328. This represents a 18.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Timothy R. Cadogan sold 2,500 shares of LiveRamp 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 sale, the director directly owned 55,470 shares of the company's stock, valued at approximately $1,885,980. The trade was a 4.31% decrease in their position. The disclosure for this sale can be found here. 3.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RAMP has been the topic of a number of analyst reports. Benchmark reissued a "buy" rating and issued a $51.00 price target (up previously from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. Wells Fargo & Company lifted their target price on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Zacks Research downgraded shares of LiveRamp from a "hold" rating to a "strong sell" rating in a research report on Tuesday. Morgan Stanley cut their target price on shares of LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 12th. Finally, DA Davidson started coverage on LiveRamp in a research report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 target price for the company. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $40.83.

LiveRamp Stock Performance

Shares of NYSE RAMP traded up $0.2410 during mid-day trading on Thursday, reaching $26.9010. The company had a trading volume of 572,703 shares, compared to its average volume of 574,382. LiveRamp Holdings, Inc. has a twelve month low of $22.82 and a twelve month high of $36.08. The stock's 50 day moving average is $31.35 and its 200-day moving average is $29.80. The stock has a market capitalization of $1.76 billion, a PE ratio of 122.28 and a beta of 1.00.

LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%.The firm had revenue of $194.82 million during the quarter, compared to analysts' expectations of $191.22 million. During the same quarter last year, the firm earned $0.35 earnings per share. The business's revenue for the quarter was up 10.7% on a year-over-year basis. On average, sell-side analysts anticipate 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.