Cornercap Investment Counsel Inc. Sells 16,233 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Cornercap Investment Counsel Inc. lowered its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 49.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,441 shares of the company’s stock after selling 16,233 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in LiveRamp were worth $407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in RAMP. State of New Jersey Common Pension Fund D raised its stake in LiveRamp by 30.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 77,696 shares of the company’s stock valued at $1,925,000 after buying an additional 18,009 shares during the last quarter. Olympiad Research LP purchased a new position in shares of LiveRamp in the third quarter worth about $205,000. Robeco Institutional Asset Management B.V. raised its stake in shares of LiveRamp by 353.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 66,911 shares of the company’s stock worth $1,658,000 after purchasing an additional 52,166 shares during the last quarter. Angeles Wealth Management LLC purchased a new position in shares of LiveRamp in the third quarter worth about $279,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of LiveRamp in the third quarter worth about $780,000. Institutional investors own 93.83% of the company’s stock.

Insider Buying and Selling at LiveRamp

In related news, insider Kimberly Bloomston sold 4,000 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the transaction, the insider now directly owns 117,247 shares of the company’s stock, valued at $2,951,106.99. The trade was a 3.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Mohsin Hussain sold 5,773 shares of the business’s stock in a transaction 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 directly owns 73,614 shares of the company’s stock, valued at $1,912,491.72. The trade was a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,538 shares of company stock worth $495,471 over the last quarter. 3.39% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RAMP has been the subject of several recent research reports. Craig Hallum reduced their price target on LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Evercore ISI reduced their price target on LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Macquarie reissued an “outperform” rating and issued a $43.00 price objective on shares of LiveRamp in a report on Thursday, November 7th. Benchmark dropped their price objective on LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Wells Fargo & Company began coverage on LiveRamp in a report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.14.

LiveRamp Stock Performance

Shares of LiveRamp stock opened at $27.89 on Friday. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $42.66. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 557.91 and a beta of 0.96. The business’s 50 day moving average price is $25.38 and its 200 day moving average price is $28.11.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.14. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The company had revenue of $185.00 million for the quarter, compared to the consensus estimate of $176.16 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, analysts predict that LiveRamp Holdings, Inc. will post 0.37 EPS for the current fiscal year.

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.