12,900 Shares in LiveRamp Holdings, Inc. (NYSE:RAMP) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,900 shares of the company's stock, valued at approximately $392,000.

A number of other institutional investors and hedge funds have also modified their holdings of RAMP. First Horizon Advisors Inc. acquired a new stake in LiveRamp in the 4th quarter worth about $38,000. Smartleaf Asset Management LLC boosted its stake in shares of LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $49,000 after acquiring an additional 1,332 shares during the last quarter. GAMMA Investing LLC increased its position in shares of LiveRamp by 232.2% during the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company's stock worth $52,000 after purchasing an additional 1,189 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in LiveRamp by 101.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock valued at $62,000 after purchasing an additional 1,027 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in LiveRamp in the 3rd quarter valued at $92,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

LiveRamp Price Performance

Shares of RAMP stock traded up $2.76 during trading on Wednesday, hitting $26.31. 685,826 shares of the stock traded hands, compared to its average volume of 628,506. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $38.00. The firm has a market capitalization of $1.73 billion, a P/E ratio of 2,631.00 and a beta of 1.05. The firm's fifty day moving average price is $29.12 and its 200-day moving average price is $28.92.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on RAMP shares. Evercore ISI increased their target price on shares of LiveRamp from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Benchmark reiterated a "buy" rating and issued a $45.00 price objective on shares of LiveRamp in a report on Wednesday, February 26th. StockNews.com upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Sunday, December 22nd. Finally, Morgan Stanley increased their price target on LiveRamp from $35.00 to $38.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $39.83.

Insider Activity

In related news, CTO Mohsin Hussain sold 3,554 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the transaction, the chief technology officer now owns 57,594 shares of the company's stock, valued at approximately $1,939,189.98. This represents a 5.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Vihan Sharma sold 39,845 shares of LiveRamp 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 completion of the transaction, the executive now directly owns 110,902 shares of the company's stock, valued at approximately $3,943,675.12. This represents a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.39% of the company's stock.

LiveRamp 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.