LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board trimmed its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 90.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,800 shares of the company’s stock after selling 45,300 shares during the period. Canada Pension Plan Investment Board’s holdings in LiveRamp were worth $149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hsbc Holdings PLC grew its holdings in LiveRamp by 623.8% during the second quarter. Hsbc Holdings PLC now owns 93,317 shares of the company’s stock worth $2,858,000 after acquiring an additional 80,424 shares during the period. Dimensional Fund Advisors LP grew its holdings in LiveRamp by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,265,391 shares of the company’s stock worth $70,090,000 after acquiring an additional 161,373 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in LiveRamp during the second quarter worth about $149,000. Quest Partners LLC grew its holdings in LiveRamp by 68.8% during the second quarter. Quest Partners LLC now owns 2,998 shares of the company’s stock worth $93,000 after acquiring an additional 1,222 shares during the period. Finally, Arizona State Retirement System grew its holdings in LiveRamp by 2.9% during the second quarter. Arizona State Retirement System now owns 18,528 shares of the company’s stock worth $573,000 after acquiring an additional 523 shares during the period. 93.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CTO Mohsin Hussain sold 5,773 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $25.98, for a total value of $149,982.54. Following the transaction, the chief technology officer now owns 73,614 shares in the company, valued at $1,912,491.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CTO Mohsin Hussain sold 5,773 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $25.98, for a total value of $149,982.54. Following the transaction, the chief technology officer now owns 73,614 shares in the company, valued at $1,912,491.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kimberly Bloomston sold 4,000 shares of LiveRamp stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the transaction, the insider now owns 117,247 shares in the company, valued at approximately $2,951,106.99. The disclosure for this sale can be found here. Insiders have sold a total of 19,538 shares of company stock worth $495,471 over the last quarter. 3.39% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

RAMP has been the topic of several analyst reports. Macquarie raised LiveRamp to a “strong-buy” rating in a report on Thursday, August 8th. Evercore ISI dropped their price objective on LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. StockNews.com lowered LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 16th. Benchmark reissued a “buy” rating and issued a $56.00 price objective on shares of LiveRamp in a report on Tuesday, August 6th. Finally, Craig Hallum dropped their price objective on LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $46.80.

LiveRamp Price Performance

NYSE RAMP opened at $25.09 on Friday. The company has a market cap of $1.68 billion, a PE ratio of 139.39 and a beta of 0.96. The stock’s 50 day simple moving average is $26.03 and its 200-day simple moving average is $30.11. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $42.66.

LiveRamp (NYSE:RAMP) last released its earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. The business had revenue of $175.96 million for the quarter, compared to the consensus estimate of $171.92 million. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 earnings per share. On average, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.37 EPS for the current fiscal year.

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.