JPMorgan Chase & Co. Purchases 90,878 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

JPMorgan Chase & Co. increased its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 12.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 810,917 shares of the company’s stock after buying an additional 90,878 shares during the period. JPMorgan Chase & Co.’s holdings in LiveRamp were worth $24,628,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. FMR LLC grew its holdings in LiveRamp by 18.6% during the 3rd quarter. FMR LLC now owns 171,501 shares of the company’s stock worth $4,250,000 after acquiring an additional 26,935 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of LiveRamp by 0.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,059 shares of the company’s stock worth $4,041,000 after purchasing an additional 1,001 shares during the period. HighTower Advisors LLC bought a new stake in LiveRamp in the third quarter valued at about $439,000. Point72 Asset Management L.P. lifted its stake in LiveRamp by 35.1% in the third quarter. Point72 Asset Management L.P. now owns 18,172 shares of the company’s stock valued at $450,000 after buying an additional 4,725 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in LiveRamp by 35.1% during the third quarter. Wellington Management Group LLP now owns 31,306 shares of the company’s stock worth $776,000 after buying an additional 8,133 shares during the last quarter. 93.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

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

LiveRamp Stock Up 11.7 %

NYSE:RAMP opened at $26.31 on Thursday. The company has a market cap of $1.73 billion, a P/E ratio of 2,631.00 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 business has a 50 day moving average price of $29.12 and a two-hundred day moving average price of $28.92.

LiveRamp (NYSE:RAMP) last released its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) 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%. As a group, analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

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.