LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Acquired by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC boosted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 82.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,104 shares of the company’s stock after acquiring an additional 3,652 shares during the period. CIBC Private Wealth Group LLC’s holdings in LiveRamp were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Tributary Capital Management LLC acquired a new stake in shares of LiveRamp in the fourth quarter valued at approximately $15,251,000. Boston Partners grew its holdings in LiveRamp by 109.4% during the 4th quarter. Boston Partners now owns 690,057 shares of the company’s stock valued at $21,331,000 after buying an additional 360,440 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in LiveRamp by 30.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,040 shares of the company’s stock worth $29,885,000 after buying an additional 230,478 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in LiveRamp by 451.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 248,573 shares of the company’s stock worth $7,522,000 after buying an additional 203,471 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of LiveRamp in the fourth quarter worth $5,057,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

LiveRamp Price Performance

Shares of RAMP stock opened at $24.28 on Monday. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $38.00. The firm’s 50-day simple moving average is $30.09 and its 200-day simple moving average is $29.01. The firm has a market cap of $1.60 billion, a P/E ratio of 2,428.30 and a beta of 1.05.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. Analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling at LiveRamp

In related news, CTO Mohsin Hussain sold 3,554 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the sale, the chief technology officer now directly owns 57,594 shares of the company’s stock, valued at approximately $1,939,189.98. This represents a 5.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of the stock in a transaction on 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 completion of the sale, the executive now owns 110,902 shares of the company’s stock, valued at approximately $3,943,675.12. This represents a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

RAMP has been the subject of a number of recent research reports. Evercore ISI lifted their price objective on LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Benchmark reiterated a “buy” rating and set a $45.00 price target on shares of LiveRamp in a report on Wednesday, February 26th. Morgan Stanley upped their price objective on shares of LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock 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.