Mohsin Hussain Sells 12,734 Shares of LiveRamp (NYSE:RAMP) Stock

Key Points

• LiveRamp's CTO, Mohsin Hussain, sold 12,734 shares for approximately $355,788, reducing their holding by 16.72% to 63,409 shares.
• The company recently reported $0.44 earnings per share for the last quarter, exceeding estimates and showing a 10.7% revenue increase compared to the previous year.
• Analysts have varying views on LiveRamp, with price targets ranging from $30.00 to $51.00 and a consensus rating of "Hold" with an average price target of $40.83.

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) CTO Mohsin Hussain sold 12,734 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $27.94, for a total value of $355,787.96. Following the completion of the transaction, the chief technology officer owned 63,409 shares in the company, valued at $1,771,647.46. This represents a 16.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

LiveRamp Price Performance

RAMP traded down $0.62 during trading hours on Friday, reaching $26.42. The company's stock had a trading volume of 346,264 shares, compared to its average volume of 653,161. LiveRamp Holdings, Inc. has a fifty-two week low of $22.82 and a fifty-two week high of $36.08. The stock has a market cap of $1.73 billion, a PE ratio of 120.07 and a beta of 0.92. The business's 50-day moving average is $29.75 and its 200-day moving average is $29.07.

LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%.The firm had revenue of $194.82 million for the quarter, compared to analysts' expectations of $191.22 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The firm's quarterly revenue was up 10.7% on a year-over-year basis. Analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on RAMP shares. DA Davidson started coverage on LiveRamp in a research note on Wednesday, July 9th. They set a "buy" rating and a $45.00 price target on the stock. Wall Street Zen upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Morgan Stanley decreased their price target on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 12th. Benchmark restated a "buy" rating and set a $51.00 price target (up from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. Finally, Zacks Research cut LiveRamp from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $40.83.

Institutional Trading of LiveRamp

A number of large investors have recently modified their holdings of RAMP. Raymond James Financial Inc. purchased a new stake in shares of LiveRamp during the fourth quarter worth $206,000. Price T Rowe Associates Inc. MD increased its holdings in LiveRamp by 16.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,473 shares of the company's stock valued at $987,000 after buying an additional 4,503 shares during the last quarter. Northern Trust Corp increased its holdings in LiveRamp by 10.9% in the fourth quarter. Northern Trust Corp now owns 761,316 shares of the company's stock valued at $23,121,000 after buying an additional 74,560 shares during the last quarter. Comerica Bank increased its holdings in LiveRamp by 10.6% in the fourth quarter. Comerica Bank now owns 26,421 shares of the company's stock valued at $802,000 after buying an additional 2,530 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in LiveRamp by 427.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 97,899 shares of the company's stock valued at $2,973,000 after buying an additional 79,337 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

About LiveRamp

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.