Mohsin Hussain Sells 17,529 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) Stock

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) CTO Mohsin Hussain sold 17,529 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total transaction of $578,457.00. Following the completion of the transaction, the chief technology officer now owns 79,616 shares in the company, valued at approximately $2,627,328. The trade was a 18.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

LiveRamp Trading Up 1.0%

Shares of RAMP traded up $0.33 during mid-day trading on Tuesday, hitting $32.70. The company's stock had a trading volume of 384,313 shares, compared to its average volume of 630,982. The firm has a 50-day simple moving average of $27.43 and a 200 day simple moving average of $29.66. The firm has a market capitalization of $2.12 billion, a P/E ratio of 3,269.50 and a beta of 1.02. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.30 earnings per share (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 analysts' expectations of $185.41 million. LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. LiveRamp's revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $0.25 EPS. As a group, sell-side analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On LiveRamp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio bought a new position in LiveRamp during the first quarter valued at about $31,000. First Horizon Advisors Inc. bought a new position in LiveRamp in the 4th quarter valued at about $38,000. Quarry LP boosted its position in LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after buying an additional 1,133 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in LiveRamp by 477.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $49,000 after buying an additional 1,332 shares during the last quarter. Finally, State of Wyoming purchased a new position in LiveRamp during the first quarter worth about $49,000. 93.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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