Franklin Resources Inc. Acquires 56,667 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Franklin Resources Inc. boosted its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,582,917 shares of the company’s stock after acquiring an additional 56,667 shares during the quarter. Franklin Resources Inc.’s holdings in LiveRamp were worth $48,073,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in shares of LiveRamp by 7.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 946,808 shares of the company’s stock valued at $23,462,000 after buying an additional 69,063 shares during the period. FMR LLC increased its position in LiveRamp by 18.6% in the third quarter. FMR LLC now owns 171,501 shares of the company’s stock worth $4,250,000 after purchasing an additional 26,935 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in LiveRamp by 0.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,059 shares of the company’s stock worth $4,041,000 after purchasing an additional 1,001 shares during the last quarter. Verition Fund Management LLC lifted its position in LiveRamp by 6.5% during the 3rd quarter. Verition Fund Management LLC now owns 32,898 shares of the company’s stock valued at $815,000 after purchasing an additional 2,017 shares during the period. Finally, Centiva Capital LP boosted its stake in shares of LiveRamp by 45.8% in the 3rd quarter. Centiva Capital LP now owns 18,975 shares of the company’s stock valued at $470,000 after purchasing an additional 5,962 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Insider Transactions at LiveRamp

In other LiveRamp news, CRO Vihan Sharma sold 39,845 shares of LiveRamp stock in a transaction on Monday, February 10th. The shares were sold at an average price of $35.56, for a total value of $1,416,888.20. Following the sale, the executive now directly owns 110,902 shares in the company, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mohsin Hussain sold 3,554 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the transaction, the chief technology officer now owns 57,594 shares of the company’s stock, valued at approximately $1,939,189.98. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Evercore ISI boosted their price target on shares of LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Morgan Stanley increased their price target on LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Finally, Benchmark restated a “buy” rating and set a $45.00 target price on shares of LiveRamp in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.83.

LiveRamp Trading Down 3.8 %

NYSE:RAMP opened at $24.28 on Friday. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $38.00. The stock has a 50-day moving average price of $30.09 and a two-hundred day moving average price of $28.96. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 2,428.30 and a beta of 1.05.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. Sell-side analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

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.