Bank of Montreal Can Decreases Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Bank of Montreal Can cut its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 75.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,690 shares of the company’s stock after selling 55,780 shares during the quarter. Bank of Montreal Can’s holdings in LiveRamp were worth $537,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new stake in LiveRamp in the 4th quarter valued at about $38,000. Smartleaf Asset Management LLC lifted its holdings 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 purchasing an additional 1,332 shares in the last quarter. GAMMA Investing LLC grew its position in shares of LiveRamp by 232.2% in the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock valued at $52,000 after purchasing an additional 1,189 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of LiveRamp by 101.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock worth $62,000 after purchasing an additional 1,027 shares in the last quarter. Finally, KBC Group NV lifted its stake in LiveRamp by 57.0% in the 4th quarter. KBC Group NV now owns 3,457 shares of the company’s stock valued at $105,000 after buying an additional 1,255 shares in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on RAMP shares. Morgan Stanley reissued an “equal weight” rating on shares of LiveRamp in a report on Wednesday, April 16th. StockNews.com downgraded shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 12th. Evercore ISI reissued an “underperform” rating on shares of LiveRamp in a research note on Wednesday, April 16th. Finally, Benchmark reaffirmed a “buy” rating and issued a $45.00 target price on shares of LiveRamp in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $38.17.

Insider Activity

In other LiveRamp news, CTO Mohsin Hussain sold 3,554 shares of the company’s 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 completion of the transaction, the chief technology officer now owns 57,594 shares in the company, valued at $1,939,189.98. This represents a 5.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of LiveRamp 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 sale, the executive now owns 110,902 shares in the company, valued at $3,943,675.12. This represents a 26.43 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.39% of the company’s stock.

LiveRamp Stock Down 1.2 %

RAMP stock opened at $24.63 on Tuesday. The business has a fifty day simple moving average of $27.58 and a 200-day simple moving average of $28.97. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $38.00. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 2,463.00 and a beta of 1.05.

LiveRamp (NYSE:RAMP) last issued 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 return on equity of 0.97% and a net margin of 0.01%. As a group, analysts expect 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.