LiveRamp Holdings, Inc. (NYSE:RAMP) Director Sells $85,000.00 in Stock

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) 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 directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link.

LiveRamp Price Performance

RAMP stock traded down $1.39 during trading on Friday, hitting $32.09. 126,083 shares of the stock traded hands, compared to its average volume of 610,835. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $36.08. The firm's 50 day moving average is $31.32 and its two-hundred day moving average is $30.00. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of -3,217.00 and a beta of 1.01.

LiveRamp (NYSE:RAMP - Get Free Report) last announced 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). 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 for the quarter, compared to analysts' expectations of $185.41 million. During the same period last year, the company posted $0.25 earnings per share. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. DA Davidson initiated coverage on shares of LiveRamp in a research report on Wednesday. They issued a "buy" rating and a $45.00 target price on the stock. Wall Street Zen raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Benchmark reaffirmed a "buy" rating and issued a $48.00 target price (up from $45.00) on shares of LiveRamp in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, LiveRamp presently has an average rating of "Moderate Buy" and a consensus target price of $41.29.

Institutional Trading of LiveRamp

Several institutional investors have recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new stake in shares of LiveRamp during the 4th quarter valued at about $392,000. Blue Trust Inc. boosted its holdings in shares of LiveRamp by 63.0% during the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after acquiring an additional 989 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of LiveRamp during the 1st quarter valued at about $543,000. Smartleaf Asset Management LLC boosted its holdings in shares of LiveRamp by 477.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $49,000 after acquiring an additional 1,332 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of LiveRamp by 4.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,557 shares of the company's stock valued at $1,141,000 after acquiring an additional 1,766 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

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.