Victory Capital Management Inc. Sells 7,137 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Victory Capital Management Inc. lessened its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 16.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,202 shares of the company’s stock after selling 7,137 shares during the period. Victory Capital Management Inc. owned approximately 0.05% of LiveRamp worth $1,120,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in LiveRamp by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,238,534 shares of the company’s stock valued at $84,798,000 after acquiring an additional 21,705 shares in the last quarter. Norges Bank bought a new stake in LiveRamp in the 4th quarter valued at $16,546,000. Quest Partners LLC bought a new stake in LiveRamp in the 4th quarter valued at $93,000. Millrace Asset Group Inc. bought a new stake in LiveRamp in the 4th quarter valued at $2,373,000. Finally, Allianz Asset Management GmbH lifted its position in LiveRamp by 1.9% in the 4th quarter. Allianz Asset Management GmbH now owns 198,889 shares of the company’s stock valued at $7,534,000 after acquiring an additional 3,705 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

LiveRamp Stock Performance

Shares of RAMP opened at $26.06 on Friday. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $42.66. The firm has a market cap of $1.75 billion, a P/E ratio of 142.72 and a beta of 0.96. The firm’s 50-day simple moving average is $26.97 and its 200 day simple moving average is $30.55.

LiveRamp (NYSE:RAMP) last announced its earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. LiveRamp had a net margin of 0.88% and a return on equity of 2.14%. The firm had revenue of $175.96 million for the quarter, compared to analyst estimates of $171.92 million. During the same quarter in the prior year, the business posted $0.09 EPS. The business’s revenue was up 14.2% compared to the same quarter last year. As a group, equities analysts forecast that LiveRamp Holdings, Inc. will post 0.37 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Macquarie raised shares of LiveRamp to a “strong-buy” rating in a research report on Thursday, August 8th. StockNews.com cut shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Benchmark reissued a “buy” rating and set a $56.00 price target on shares of LiveRamp in a research report on Tuesday, August 6th. Evercore ISI cut their price target on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Craig Hallum cut their price target on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $46.80.

Insider Transactions at LiveRamp

In related news, CTO Mohsin Hussain sold 5,773 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $25.98, for a total value of $149,982.54. Following the completion of the transaction, the chief technology officer now owns 73,614 shares of the company’s stock, valued at approximately $1,912,491.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.39% of the stock is currently owned by insiders.

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.