LiveRamp (NYSE:RAMP) Shares Gap Up to $21.44

LiveRamp Holdings, Inc. (NYSE:RAMPGet Rating)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $21.44, but opened at $22.46. LiveRamp shares last traded at $21.20, with a volume of 593 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RAMP. Wells Fargo & Company lowered their target price on LiveRamp from $65.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 8th. StockNews.com initiated coverage on LiveRamp in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. Susquehanna Bancshares decreased their target price on shares of LiveRamp from $45.00 to $30.00 in a research note on Wednesday, November 9th. Susquehanna dropped their price target on shares of LiveRamp from $45.00 to $30.00 in a research report on Wednesday, November 9th. Finally, Benchmark initiated coverage on shares of LiveRamp in a research report on Monday, September 19th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

LiveRamp Trading Down 1.0 %

The company has a market cap of $1.41 billion, a price-to-earnings ratio of -14.06 and a beta of 1.09. The business’s 50 day moving average price is $18.56 and its 200-day moving average price is $22.05.

Insider Buying and Selling at LiveRamp

In other news, CTO Mohsin Hussain sold 7,332 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $22.12, for a total value of $162,183.84. Following the transaction, the chief technology officer now owns 112,988 shares of the company’s stock, valued at $2,499,294.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Mohsin Hussain sold 7,332 shares of LiveRamp stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $22.12, for a total transaction of $162,183.84. Following the completion of the sale, the chief technology officer now owns 112,988 shares of the company’s stock, valued at $2,499,294.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Clark M. Kokich purchased 10,500 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The stock was acquired at an average price of $20.02 per share, for a total transaction of $210,210.00. Following the completion of the purchase, the director now directly owns 78,921 shares of the company’s stock, valued at approximately $1,579,998.42. The disclosure for this purchase can be found here. Insiders have purchased a total of 11,264 shares of company stock valued at $225,201 in the last three months. 3.01% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LiveRamp

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in LiveRamp by 0.8% during the 3rd quarter. BlackRock Inc. now owns 11,568,006 shares of the company’s stock worth $210,074,000 after acquiring an additional 92,629 shares during the period. Vanguard Group Inc. increased its position in shares of LiveRamp by 3.3% in the third quarter. Vanguard Group Inc. now owns 7,226,457 shares of the company’s stock worth $131,232,000 after purchasing an additional 230,620 shares during the period. RGM Capital LLC raised its stake in LiveRamp by 6.2% in the second quarter. RGM Capital LLC now owns 3,138,906 shares of the company’s stock valued at $81,015,000 after purchasing an additional 184,517 shares in the last quarter. Capital International Investors lifted its position in LiveRamp by 8.7% during the first quarter. Capital International Investors now owns 3,065,422 shares of the company’s stock worth $114,616,000 after purchasing an additional 244,405 shares during the period. Finally, Lazard Asset Management LLC grew its stake in LiveRamp by 13.9% during the first quarter. Lazard Asset Management LLC now owns 2,883,554 shares of the company’s stock worth $107,815,000 after buying an additional 351,876 shares in the last quarter. 96.59% of the stock is currently owned by institutional investors.

About LiveRamp

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LiveRamp Holdings, Inc, a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers RampID, a true people-based identifier; Safe Haven, an enterprise data enablement platform; LiveRamp Data Marketplace, a solution that seamlessly connects data owners' audience data across the marketing ecosystem; and AbiliTec, an offline identity resolution platform.

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