Marshall Wace LLP Makes New $1.11 Million Investment in LiveRamp Holdings, Inc. (NYSE:RAMP)

Marshall Wace LLP bought a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 36,664 shares of the company's stock, valued at approximately $1,113,000. Marshall Wace LLP owned approximately 0.06% of LiveRamp at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tributary Capital Management LLC bought a new position in shares of LiveRamp during the fourth quarter worth approximately $15,251,000. Boston Partners raised its stake in LiveRamp by 109.4% in the 4th quarter. Boston Partners now owns 690,057 shares of the company's stock worth $21,331,000 after purchasing an additional 360,440 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in LiveRamp by 30.6% in the 4th 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 during the period. Allspring Global Investments Holdings LLC grew its position in shares of LiveRamp by 451.1% during the 4th 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 in the last quarter. Finally, Norges Bank acquired a new position in shares of LiveRamp during the 4th quarter worth approximately $5,057,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RAMP has been the subject of several recent research reports. StockNews.com upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Benchmark reaffirmed a "buy" rating and set a $45.00 price target on shares of LiveRamp in a report on Wednesday, February 26th. Morgan Stanley reiterated an "equal weight" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Finally, Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.17.

Insider Activity at LiveRamp

In other news, CRO Vihan Sharma sold 39,845 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was 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 $3,943,675.12. This represents a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Mohsin Hussain sold 3,554 shares of the firm's 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 sale, the chief technology officer now owns 57,594 shares of the company's stock, valued at $1,939,189.98. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by insiders.

LiveRamp Stock Performance

Shares of LiveRamp stock traded up $0.26 on Friday, reaching $26.54. 603,693 shares of the company's stock were exchanged, compared to its average volume of 631,878. The firm's 50-day moving average is $26.48 and its two-hundred day moving average is $29.04. The company has a market capitalization of $1.75 billion, a P/E ratio of 2,654.00 and a beta of 1.05. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $38.00.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share 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%. On average, analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

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.