LiveRamp Holdings, Inc. $RAMP Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. cut its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,605 shares of the company’s stock after selling 1,518 shares during the quarter. Corebridge Financial Inc.’s holdings in LiveRamp were worth $878,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RAMP. Blue Trust Inc. boosted its position in shares of LiveRamp by 63.0% in the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company’s stock valued at $67,000 after purchasing an additional 989 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of LiveRamp in the 4th quarter valued at about $206,000. Jump Financial LLC acquired a new stake in shares of LiveRamp in the 1st quarter valued at about $209,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of LiveRamp in the 4th quarter valued at about $211,000. Finally, CWM LLC boosted its position in shares of LiveRamp by 248.4% in the 1st quarter. CWM LLC now owns 8,305 shares of the company’s stock valued at $217,000 after purchasing an additional 5,921 shares during the period. 93.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RAMP has been the subject of a number of research analyst reports. DA Davidson initiated coverage on LiveRamp in a research report on Wednesday, July 9th. They issued a “buy” rating and a $45.00 target price for the company. Wall Street Zen downgraded LiveRamp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 30th. Wells Fargo & Company lifted their target price on LiveRamp from $26.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, May 22nd. Zacks Research downgraded LiveRamp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 19th. Finally, Benchmark reiterated a “buy” rating and issued a $51.00 target price (up from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, LiveRamp currently has an average rating of “Hold” and a consensus price target of $40.83.

Insider Activity

In other news, Director Timothy R. Cadogan sold 2,500 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $34.00, for a total transaction of $85,000.00. Following the completion of the transaction, the director directly owned 55,470 shares of the company’s stock, valued at approximately $1,885,980. This represents a 4.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.31% of the company’s stock.

LiveRamp Trading Up 2.2%

Shares of RAMP stock opened at $28.38 on Friday. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 128.99 and a beta of 0.92. The stock has a 50 day simple moving average of $30.38 and a 200-day simple moving average of $29.24. LiveRamp Holdings, Inc. has a 12-month low of $22.82 and a 12-month high of $36.08.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $194.82 million during the quarter, compared to the consensus estimate of $191.22 million. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%.The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. On average, equities analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

LiveRamp 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.