ArrowMark Colorado Holdings LLC Trims Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

ArrowMark Colorado Holdings LLC cut its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 32.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,314 shares of the company’s stock after selling 55,000 shares during the quarter. ArrowMark Colorado Holdings LLC owned approximately 0.18% of LiveRamp worth $2,857,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. American Capital Management Inc. increased its stake in LiveRamp by 46.7% in the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock valued at $71,312,000 after purchasing an additional 916,578 shares during the period. Dimensional Fund Advisors LP raised its stake in LiveRamp by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,265,391 shares of the company’s stock valued at $70,090,000 after acquiring an additional 161,373 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in LiveRamp by 7.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 946,808 shares of the company’s stock worth $23,462,000 after acquiring an additional 69,063 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of LiveRamp by 111.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after purchasing an additional 294,743 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in shares of LiveRamp in the second quarter valued at approximately $13,214,000. 93.83% of the stock is owned by institutional investors and hedge funds.

LiveRamp Stock Performance

Shares of RAMP stock opened at $31.60 on Tuesday. The stock has a fifty day moving average price of $26.28 and a 200 day moving average price of $27.90. The stock has a market cap of $2.06 billion, a PE ratio of 632.13 and a beta of 0.96. 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 quarterly earnings data on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.37 by $0.14. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The business had revenue of $185.00 million for the quarter, compared to analyst estimates of $176.16 million. During the same period in the previous year, the firm earned $0.21 EPS. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, equities research analysts predict that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RAMP shares. Macquarie reiterated an “outperform” rating and issued a $43.00 price objective on shares of LiveRamp in a research report on Thursday, November 7th. Craig Hallum dropped their price target on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Benchmark reduced their price objective on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Wells Fargo & Company started coverage on LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price on the stock. Finally, Evercore ISI reduced their price target on LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $41.14.

Insider Activity

In other news, Director Debora B. Tomlin sold 9,765 shares of LiveRamp stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.07, for a total transaction of $244,808.55. Following the completion of the sale, the director now directly owns 24,509 shares in the company, valued at $614,440.63. The trade was a 28.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kimberly Bloomston sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were 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 approximately $2,951,106.99. This represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.39% of the company’s stock.

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.