Thrivent Financial for Lutherans Sells 1,864 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Thrivent Financial for Lutherans cut its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,446 shares of the company’s stock after selling 1,864 shares during the period. Thrivent Financial for Lutherans’ holdings in LiveRamp were worth $1,532,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. First Horizon Advisors Inc. bought a new stake in LiveRamp in the fourth quarter worth $38,000. Smartleaf Asset Management LLC raised its stake in shares of LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock valued at $49,000 after acquiring an additional 1,332 shares during the period. GAMMA Investing LLC lifted its holdings in shares of LiveRamp by 232.2% in the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after acquiring an additional 1,189 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of LiveRamp by 101.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock worth $62,000 after acquiring an additional 1,027 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of LiveRamp during the 3rd quarter worth about $92,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CTO Mohsin Hussain sold 3,554 shares of the business’s stock in a transaction on Friday, February 14th. The stock was 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 directly owns 57,594 shares of the company’s stock, valued at approximately $1,939,189.98. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Vihan Sharma sold 39,845 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $35.56, for a total value of $1,416,888.20. Following the sale, the executive now directly owns 110,902 shares in the company, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is owned by company insiders.

LiveRamp Stock Performance

Shares of NYSE RAMP opened at $26.33 on Monday. The stock has a 50 day moving average price of $30.81 and a 200 day moving average price of $29.01. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 2,632.90 and a beta of 0.96. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $38.00.

LiveRamp (NYSE:RAMP) last issued its 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 return on equity of 0.97% and a net margin of 0.01%. Analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Evercore ISI increased their price objective on shares of LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Benchmark restated a “buy” rating and set a $45.00 price objective on shares of LiveRamp in a report on Wednesday, February 26th. Finally, Morgan Stanley upped their price objective on LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.83.

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.