LiveRamp Holdings (NYSE:RAMP) Shares Sold by Portsea Asset Management LLP

Portsea Asset Management LLP cut its stake in shares of LiveRamp Holdings (NYSE:RAMP) by 20.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 378,763 shares of the company’s stock after selling 99,785 shares during the quarter. LiveRamp comprises 11.8% of Portsea Asset Management LLP’s holdings, making the stock its 5th biggest position. Portsea Asset Management LLP’s holdings in LiveRamp were worth $18,207,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of RAMP. Tower Research Capital LLC TRC boosted its stake in LiveRamp by 63.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,174 shares of the company’s stock worth $105,000 after purchasing an additional 845 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of LiveRamp by 10.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,325 shares of the company’s stock valued at $208,000 after purchasing an additional 425 shares in the last quarter. OLD National Bancorp IN acquired a new stake in shares of LiveRamp in the fourth quarter worth $239,000. AMP Capital Investors Ltd acquired a new stake in shares of LiveRamp in the second quarter worth $332,000. Finally, A.R.T. Advisors LLC purchased a new position in shares of LiveRamp during the second quarter valued at $388,000. Institutional investors and hedge funds own 99.96% of the company’s stock.

RAMP traded down $0.11 on Friday, reaching $42.86. 22,717 shares of the company traded hands, compared to its average volume of 527,840. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 3.64 and a beta of 1.48. The stock’s 50 day moving average price is $47.25 and its 200-day moving average price is $45.72. LiveRamp Holdings has a 52-week low of $37.30 and a 52-week high of $63.23.

LiveRamp (NYSE:RAMP) last released its earnings results on Wednesday, November 6th. The company reported ($0.59) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.08. The company had revenue of $90.14 million during the quarter, compared to the consensus estimate of $87.08 million. LiveRamp had a net margin of 280.55% and a negative return on equity of 10.49%. On average, sell-side analysts anticipate that LiveRamp Holdings will post -2.24 earnings per share for the current year.

In related news, Director Clark M. Kokich sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $43.18, for a total transaction of $43,180.00. Following the completion of the sale, the director now directly owns 67,427 shares in the company, valued at $2,911,497.86. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider James F. Arra sold 14,737 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $49.43, for a total value of $728,449.91. Following the sale, the insider now owns 160,271 shares of the company’s stock, valued at $7,922,195.53. The disclosure for this sale can be found here. Insiders sold 17,737 shares of company stock worth $867,200 over the last ninety days. 5.18% of the stock is currently owned by company insiders.

Several research analysts recently weighed in on RAMP shares. ValuEngine lowered LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 24th. Needham & Company LLC assumed coverage on LiveRamp in a research report on Friday, December 20th. They set a “buy” rating and a $67.00 price objective for the company. Finally, Morgan Stanley decreased their price objective on LiveRamp from $64.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $62.67.

LiveRamp Company Profile

LiveRamp Holdings, Inc provides identity and data connectivity for powering exceptional customer experiences. The company offers IdentityLink, an identity resolution platform that connects people, data, and devices across the physical and digital world, powering privacy-compliant, people-based marketing that allows consumers to better connect with the brands and products they love.

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Institutional Ownership by Quarter for LiveRamp (NYSE:RAMP)

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