Invesco Ltd. Sells 34,120 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Invesco Ltd. lowered its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 12.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 250,791 shares of the company's stock after selling 34,120 shares during the period. Invesco Ltd. owned approximately 0.38% of LiveRamp worth $7,617,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tributary Capital Management LLC bought a new position in LiveRamp during the 4th quarter worth $15,251,000. Boston Partners increased its position in shares of LiveRamp by 109.4% in the fourth quarter. Boston Partners now owns 690,057 shares of the company's stock worth $21,331,000 after purchasing an additional 360,440 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in LiveRamp by 30.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,040 shares of the company's stock valued at $29,885,000 after purchasing an additional 230,478 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in LiveRamp by 451.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 248,573 shares of the company's stock worth $7,522,000 after purchasing an additional 203,471 shares during the period. Finally, Norges Bank bought a new position in LiveRamp in the 4th quarter valued at about $5,057,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Trading Down 4.1 %

NYSE:RAMP traded down $1.13 during trading hours on Wednesday, hitting $26.19. 824,294 shares of the company were exchanged, compared to its average volume of 629,219. The company has a fifty day simple moving average of $26.64 and a 200 day simple moving average of $29.01. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $38.00. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 2,619.00 and a beta of 1.05.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. Equities research analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RAMP. Benchmark reiterated a "buy" rating and set a $45.00 price target on shares of LiveRamp in a research report on Wednesday, February 26th. Morgan Stanley restated an "equal weight" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Finally, StockNews.com upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, LiveRamp has an average rating of "Moderate Buy" and an average price target of $38.17.

Insider Buying and Selling at LiveRamp

In related news, CRO Vihan Sharma sold 39,845 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $35.56, for a total value of $1,416,888.20. Following the transaction, the executive now owns 110,902 shares of the company's stock, valued at approximately $3,943,675.12. This trade represents a 26.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the chief technology officer now directly owns 57,594 shares in the company, valued at approximately $1,939,189.98. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.39% of the company's stock.

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.