LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC decreased its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 32.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 115,314 shares of the company’s stock after selling 55,000 shares during the quarter. ArrowMark Colorado Holdings LLC’s holdings in LiveRamp were worth $2,857,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Point72 Hong Kong Ltd raised its position in shares of LiveRamp by 11.4% in the 3rd quarter. Point72 Hong Kong Ltd now owns 32,317 shares of the company’s stock worth $801,000 after buying an additional 3,320 shares during the period. 272 Capital LP acquired a new stake in LiveRamp during the third quarter worth about $1,500,000. American Capital Management Inc. raised its holdings in shares of LiveRamp by 46.7% in the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock worth $71,312,000 after purchasing an additional 916,578 shares during the period. PDT Partners LLC lifted its stake in shares of LiveRamp by 162.1% in the 3rd quarter. PDT Partners LLC now owns 85,837 shares of the company’s stock valued at $2,127,000 after purchasing an additional 53,092 shares in the last quarter. Finally, Verition Fund Management LLC grew its holdings in shares of LiveRamp by 6.5% during the 3rd quarter. Verition Fund Management LLC now owns 32,898 shares of the company’s stock worth $815,000 after purchasing an additional 2,017 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

RAMP opened at $31.60 on Tuesday. The stock has a market capitalization of $2.06 billion, a PE ratio of 632.13 and a beta of 0.96. LiveRamp Holdings, Inc. has a 12-month low of $21.45 and a 12-month high of $42.66. The firm’s fifty day moving average price is $26.28 and its 200 day moving average price is $27.90.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.37 by $0.14. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The business had revenue of $185.00 million for the quarter, compared to analysts’ expectations of $176.16 million. During the same quarter last year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, equities research analysts forecast that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other LiveRamp news, insider Kimberly Bloomston sold 4,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the sale, the insider now directly owns 117,247 shares of the company’s stock, valued at $2,951,106.99. This trade represents a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Debora B. Tomlin sold 9,765 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total value of $244,808.55. Following the completion of the sale, the director now owns 24,509 shares in the company, valued at $614,440.63. The trade was a 28.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

RAMP has been the topic of several research reports. Macquarie restated an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a report on Thursday, November 7th. Wells Fargo & Company assumed coverage on shares of LiveRamp in a report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price on the stock. Evercore ISI cut their price objective on LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Craig Hallum decreased their target price on LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Benchmark dropped their target price on LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, LiveRamp currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.14.

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.