Invenomic Capital Management LP boosted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 12.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 381,020 shares of the company's stock after purchasing an additional 43,446 shares during the quarter. Invenomic Capital Management LP owned about 0.58% of LiveRamp worth $11,572,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Summit Investment Advisors Inc. raised its position in LiveRamp by 7.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,906 shares of the company's stock worth $210,000 after buying an additional 462 shares during the last quarter. Carolina Wealth Advisors LLC increased its holdings in LiveRamp by 2.2% during the 4th quarter. Carolina Wealth Advisors LLC now owns 25,608 shares of the company's stock valued at $778,000 after acquiring an additional 560 shares in the last quarter. Summit Trail Advisors LLC increased its holdings in LiveRamp by 0.5% during the 4th quarter. Summit Trail Advisors LLC now owns 115,924 shares of the company's stock valued at $3,521,000 after acquiring an additional 625 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in LiveRamp by 101.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock valued at $62,000 after acquiring an additional 1,027 shares in the last quarter. Finally, Quarry LP increased its holdings in LiveRamp by 344.4% during the 4th quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after acquiring an additional 1,133 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.
Wall Street Analyst Weigh In
RAMP has been the topic of several recent analyst reports. Morgan Stanley reissued an "equal weight" rating on shares of LiveRamp in a research note on Wednesday, April 16th. Benchmark reissued a "buy" rating and set a $45.00 price objective on shares of LiveRamp in a research note on Wednesday, February 26th. StockNews.com raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Evercore ISI reaffirmed 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 given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.17.
Get Our Latest Analysis on RAMP
LiveRamp Stock Performance
Shares of LiveRamp stock traded up $0.04 during trading hours on Wednesday, reaching $29.75. The company's stock had a trading volume of 46,263 shares, compared to its average volume of 630,941. The company's 50 day simple moving average is $26.26 and its 200 day simple moving average is $29.24. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $38.00. The stock has a market cap of $1.96 billion, a P/E ratio of 2,974.70 and a beta of 1.02.
Insiders Place Their Bets
In other LiveRamp news, CTO Mohsin Hussain sold 3,554 shares of LiveRamp stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $33.67, for a total value of $119,663.18. Following the completion of the sale, the chief technology officer now directly owns 57,594 shares in the company, valued at $1,939,189.98. The trade was a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.39% of the stock is owned by insiders.
About LiveRamp
(
Free Report)
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.
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