Insider Selling: LiveRamp Holdings, Inc. (NYSE:RAMP) CTO Sells 17,529 Shares of Stock

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) CTO Mohsin Hussain sold 17,529 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total value of $578,457.00. Following the sale, the chief technology officer now owns 79,616 shares in the company, valued at approximately $2,627,328. This represents a 18.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

LiveRamp Price Performance

Shares of RAMP stock traded down $0.25 during trading hours on Monday, reaching $32.33. 404,740 shares of the company traded hands, compared to its average volume of 631,790. The firm has a 50-day moving average price of $27.43 and a 200 day moving average price of $29.66. The company has a market cap of $2.10 billion, a P/E ratio of 3,233.00 and a beta of 1.02. LiveRamp Holdings, Inc. has a 12-month low of $21.45 and a 12-month high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). The firm had revenue of $188.72 million for the quarter, compared to the consensus estimate of $185.41 million. LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. LiveRamp's revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 EPS. Sell-side analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Summit Investment Advisors Inc. lifted its position in shares of LiveRamp by 7.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,906 shares of the company's stock valued at $210,000 after acquiring an additional 462 shares in the last quarter. Summit Trail Advisors LLC raised its stake in LiveRamp by 0.5% during the 4th quarter. Summit Trail Advisors LLC now owns 115,924 shares of the company's stock valued at $3,521,000 after purchasing an additional 625 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in LiveRamp by 1.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company's stock valued at $999,000 after purchasing an additional 677 shares during the period. Azzad Asset Management Inc. ADV lifted its holdings in LiveRamp by 3.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 22,870 shares of the company's stock worth $598,000 after purchasing an additional 695 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in LiveRamp by 12.9% in the 1st quarter. Empowered Funds LLC now owns 8,164 shares of the company's stock worth $213,000 after purchasing an additional 936 shares during the period. Institutional investors own 93.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RAMP. Wall Street Zen raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Morgan Stanley increased their price objective on shares of LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Benchmark restated a "buy" rating and issued a $48.00 target price (up previously from $45.00) on shares of LiveRamp in a report on Thursday, May 22nd. Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company increased their price target on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.67.

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.