Motley Fool Asset Management LLC Has $2.33 Million Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Motley Fool Asset Management LLC reduced its stake in LiveRamp Holdings, Inc. (NYSE:RAMPFree Report) by 4.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,304 shares of the company’s stock after selling 4,510 shares during the period. Motley Fool Asset Management LLC’s holdings in LiveRamp were worth $2,334,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RAMP. LPL Financial LLC bought a new stake in LiveRamp in the fourth quarter valued at $321,000. Wells Fargo & Company MN grew its position in shares of LiveRamp by 84.9% during the 4th quarter. Wells Fargo & Company MN now owns 113,736 shares of the company’s stock valued at $3,454,000 after acquiring an additional 52,226 shares during the period. Envestnet Asset Management Inc. bought a new position in LiveRamp in the 4th quarter worth approximately $2,259,000. Russell Investments Group Ltd. lifted its stake in LiveRamp by 97.0% in the 4th quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company’s stock worth $121,000 after purchasing an additional 1,963 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in LiveRamp in the 4th quarter worth approximately $206,000. 93.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. DA Davidson assumed coverage on shares of LiveRamp in a research note on Wednesday, July 9th. They issued a “buy” rating and a $45.00 target price on the stock. Morgan Stanley raised their price objective on shares of LiveRamp from $28.00 to $34.00 and gave the company an “equal weight” rating in a research report on Friday, May 23rd. Benchmark restated a “buy” rating and set a $51.00 price objective (up previously from $48.00) on shares of LiveRamp in a research report on Tuesday, August 5th. Wall Street Zen upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company raised their price objective on shares of LiveRamp from $26.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, LiveRamp currently has an average rating of “Moderate Buy” and an average price target of $41.50.

Check Out Our Latest Analysis on LiveRamp

Insiders Place Their Bets

In other LiveRamp news, Director Timothy R. Cadogan sold 2,500 shares of the firm’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the sale, the director owned 55,470 shares of the company’s stock, valued at $1,885,980. This trade represents a 4.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Mohsin Hussain sold 17,529 shares of the firm’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total transaction of $578,457.00. Following the completion of the sale, the chief technology officer directly owned 79,616 shares in the company, valued at approximately $2,627,328. This trade represents a 18.04% decrease in their position. The disclosure for this sale can be found here. 3.31% of the stock is owned by company insiders.

LiveRamp Stock Down 2.8%

Shares of NYSE:RAMP opened at $25.73 on Tuesday. The stock has a market cap of $1.69 billion, a PE ratio of 116.97 and a beta of 1.00. The company’s fifty day moving average is $32.28 and its 200 day moving average is $30.12. LiveRamp Holdings, Inc. has a 52 week low of $21.62 and a 52 week high of $36.08.

LiveRamp (NYSE:RAMPGet Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $194.82 million for the quarter, compared to analysts’ expectations of $191.22 million. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. Sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

LiveRamp Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding RAMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LiveRamp Holdings, Inc. (NYSE:RAMPFree Report).

Institutional Ownership by Quarter for LiveRamp (NYSE:RAMP)

Receive News & Ratings for LiveRamp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LiveRamp and related companies with MarketBeat.com's FREE daily email newsletter.