LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Acquired by Jennison Associates LLC

Jennison Associates LLC raised its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 286.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,407,098 shares of the company’s stock after buying an additional 1,043,457 shares during the period. Jennison Associates LLC owned about 2.15% of LiveRamp worth $48,545,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RAMP. Headlands Technologies LLC acquired a new stake in LiveRamp in the fourth quarter valued at $29,000. Parkside Financial Bank & Trust grew its holdings in shares of LiveRamp by 198.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 786 shares of the company’s stock worth $30,000 after purchasing an additional 523 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of LiveRamp by 62.9% during the fourth quarter. Pacer Advisors Inc. now owns 1,908 shares of the company’s stock worth $72,000 after purchasing an additional 737 shares during the last quarter. Quest Partners LLC purchased a new position in shares of LiveRamp during the fourth quarter worth about $93,000. Finally, Prudent Man Advisors LLC purchased a new position in shares of LiveRamp during the fourth quarter worth about $209,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at LiveRamp

In related news, insider Kimberly Bloomston sold 13,055 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $31.11, for a total value of $406,141.05. Following the completion of the sale, the insider now owns 127,404 shares in the company, valued at $3,963,538.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Kimberly Bloomston sold 13,055 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $31.11, for a total value of $406,141.05. Following the completion of the sale, the insider now owns 127,404 shares in the company, valued at $3,963,538.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Mohsin Hussain sold 17,299 shares of LiveRamp stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $31.15, for a total transaction of $538,863.85. Following the sale, the chief technology officer now owns 88,546 shares of the company’s stock, valued at $2,758,207.90. The disclosure for this sale can be found here. 2.93% of the stock is owned by insiders.

LiveRamp Trading Down 0.4 %

Shares of NYSE RAMP traded down $0.14 during midday trading on Monday, reaching $31.57. 380,679 shares of the company were exchanged, compared to its average volume of 616,492. LiveRamp Holdings, Inc. has a 1 year low of $27.01 and a 1 year high of $42.66. The stock has a fifty day simple moving average of $31.50 and a 200 day simple moving average of $34.46. The stock has a market cap of $2.12 billion, a P/E ratio of 175.40 and a beta of 1.00.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The firm had revenue of $171.85 million during the quarter, compared to analyst estimates of $159.95 million. LiveRamp had a net margin of 1.80% and a return on equity of 3.27%. As a group, analysts forecast that LiveRamp Holdings, Inc. will post 0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on RAMP shares. Benchmark raised their price objective on LiveRamp from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. StockNews.com lowered LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 3rd. Finally, Morgan Stanley lowered their price target on LiveRamp from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, May 23rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $50.25.

About LiveRamp

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.