LiveRamp (NYSE:RAMP) CTO Sells $355,787.96 in 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 firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $27.94, for a total transaction of $355,787.96. Following the transaction, the chief technology officer owned 63,409 shares of the company's stock, valued at approximately $1,771,647.46. This represents a 16.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

LiveRamp Price Performance

Shares of RAMP traded down $0.91 during mid-day trading on Monday, reaching $27.48. The company had a trading volume of 999,986 shares, compared to its average volume of 701,290. The company's 50-day moving average is $30.38 and its 200-day moving average is $29.19. The company has a market capitalization of $1.80 billion, a P/E ratio of 88.69 and a beta of 0.92. LiveRamp Holdings, Inc. has a twelve month low of $22.82 and a twelve month high of $36.08.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Morgan Stanley cut their price objective on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 12th. DA Davidson started coverage on LiveRamp in a report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price target on the stock. Benchmark reiterated a "buy" rating and issued a $51.00 price objective (up from $48.00) on shares of LiveRamp in a research report on Tuesday, August 5th. Zacks Research cut LiveRamp from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Finally, Wells Fargo & Company raised their price target on LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $40.83.

Hedge Funds Weigh In On LiveRamp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of LiveRamp by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 380,060 shares of the company's stock valued at $9,935,000 after acquiring an additional 10,624 shares during the period. Blue Trust Inc. grew its holdings in LiveRamp by 63.0% during the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after purchasing an additional 989 shares during the period. SG Americas Securities LLC acquired a new position in LiveRamp during the first quarter worth approximately $543,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in LiveRamp by 4.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,557 shares of the company's stock valued at $1,141,000 after buying an additional 1,766 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in LiveRamp by 2,715.3% during the 1st quarter. GAMMA Investing LLC now owns 47,888 shares of the company's stock valued at $1,252,000 after purchasing an additional 46,187 shares during the last quarter. 93.83% of the stock is owned by 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.

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