LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 118.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,474 shares of the company's stock after buying an additional 33,834 shares during the quarter. Victory Capital Management Inc. owned 0.10% of LiveRamp worth $1,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its position in LiveRamp by 30.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,040 shares of the company's stock worth $29,885,000 after acquiring an additional 230,478 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of LiveRamp by 27.1% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 997,402 shares of the company's stock valued at $26,072,000 after buying an additional 212,572 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of LiveRamp by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company's stock valued at $54,600,000 after buying an additional 168,418 shares during the period. Norges Bank acquired a new position in shares of LiveRamp in the 4th quarter valued at about $5,057,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of LiveRamp by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,694,801 shares of the company's stock valued at $81,843,000 after buying an additional 121,856 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a report on Wednesday, April 16th. Benchmark reissued 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. Wells Fargo & Company boosted their price objective on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Morgan Stanley lifted their price target on LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Finally, DA Davidson started coverage on LiveRamp in a research note on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price target for the company. One investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $41.29.

Insider Buying and Selling at LiveRamp

In related news, CTO Mohsin Hussain sold 17,529 shares of LiveRamp 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 completion of the transaction, the chief technology officer directly owned 79,616 shares in the company, valued at approximately $2,627,328. This trade represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 value of $85,000.00. Following the completion of the transaction, the director owned 55,470 shares of the company's stock, valued at approximately $1,885,980. This trade represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.31% of the company's stock.

LiveRamp Stock Down 2.6%

Shares of LiveRamp stock traded down $0.84 during mid-day trading on Friday, reaching $31.98. 453,044 shares of the stock traded hands, compared to its average volume of 339,738. The business has a 50-day moving average of $32.60 and a 200 day moving average of $30.28. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $36.08. The stock has a market capitalization of $2.08 billion, a PE ratio of -3,198.00 and a beta of 1.00.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). The company had revenue of $188.72 million during the quarter, compared to analysts' expectations of $185.41 million. LiveRamp had a negative net margin of 0.11% and a positive return on equity of 1.33%. LiveRamp's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share. On average, equities research analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal 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.