Wells Fargo & Company MN Has $3.45 Million Stock Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Wells Fargo & Company MN grew its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 84.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 113,736 shares of the company's stock after purchasing an additional 52,226 shares during the quarter. Wells Fargo & Company MN owned approximately 0.17% of LiveRamp worth $3,454,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. KLP Kapitalforvaltning AS bought a new stake in shares of LiveRamp during the 4th quarter valued at about $392,000. Empowered Funds LLC bought a new stake in shares of LiveRamp during the 4th quarter valued at about $220,000. Tributary Capital Management LLC bought a new stake in shares of LiveRamp during the 4th quarter valued at about $15,251,000. Smartleaf Asset Management LLC grew its position in shares of LiveRamp by 477.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $49,000 after buying an additional 1,332 shares during the last quarter. Finally, 272 Capital LP bought a new stake in shares of LiveRamp during the 3rd quarter valued at about $3,914,000. Institutional investors and hedge funds own 93.83% of the company's stock.

LiveRamp Stock Down 0.4 %

LiveRamp stock traded down $0.12 during mid-day trading on Monday, hitting $26.90. The company's stock had a trading volume of 374,619 shares, compared to its average volume of 628,874. The stock has a market capitalization of $1.77 billion, a P/E ratio of 2,690.00 and a beta of 1.05. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $38.00. The stock's fifty day moving average price is $26.84 and its two-hundred day moving average price is $29.05.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. Equities analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Mohsin Hussain sold 3,554 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $33.67, for a total value of $119,663.18. Following the completion of the transaction, the chief technology officer now owns 57,594 shares of the company's stock, valued at approximately $1,939,189.98. This trade represents a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Vihan Sharma sold 39,845 shares of the firm'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 transaction 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 position. The disclosure for this sale can be found here. Company insiders own 3.39% of the company's stock.

Analyst Ratings Changes

RAMP has been the subject of a number of recent research reports. Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. StockNews.com upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Morgan Stanley restated an "equal weight" rating on shares of LiveRamp in a research note on Wednesday, April 16th. Finally, Benchmark restated a "buy" rating and issued a $45.00 price target on shares of LiveRamp in a research note on Wednesday, February 26th. 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 MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $38.17.

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.