LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 111.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 559,213 shares of the company’s stock after acquiring an additional 294,743 shares during the quarter. Assenagon Asset Management S.A.’s holdings in LiveRamp were worth $13,857,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RAMP. Allspring Global Investments Holdings LLC boosted its stake in shares of LiveRamp by 18.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 45,102 shares of the company’s stock worth $1,118,000 after buying an additional 6,873 shares during the period. Blue Trust Inc. raised its stake in LiveRamp by 668.9% during the 3rd quarter. Blue Trust Inc. now owns 8,189 shares of the company’s stock valued at $203,000 after acquiring an additional 7,124 shares during the last quarter. Creative Planning acquired a new stake in LiveRamp during the 3rd quarter worth approximately $365,000. Exchange Traded Concepts LLC purchased a new position in shares of LiveRamp in the 3rd quarter valued at approximately $1,668,000. Finally, Clarius Group LLC increased its holdings in shares of LiveRamp by 2.5% in the third quarter. Clarius Group LLC now owns 93,328 shares of the company’s stock valued at $2,313,000 after purchasing an additional 2,252 shares during the period. 93.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on RAMP shares. Craig Hallum lowered their price objective on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Benchmark lowered their target price on shares of LiveRamp from $56.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, October 7th. StockNews.com cut shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 16th. Macquarie raised LiveRamp to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Evercore ISI cut their target price on LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, LiveRamp presently has a consensus rating of “Buy” and a consensus target price of $45.20.

Insider Buying and Selling at LiveRamp

In other news, insider Kimberly Bloomston sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the completion of the transaction, the insider now owns 117,247 shares in the company, valued at $2,951,106.99. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Kimberly Bloomston sold 4,000 shares of LiveRamp stock in a transaction that occurred 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 in the company, valued at $2,951,106.99. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Mohsin Hussain sold 5,773 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $25.98, for a total value of $149,982.54. Following the completion of the sale, the chief technology officer now directly owns 73,614 shares in the company, valued at approximately $1,912,491.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,538 shares of company stock valued at $495,471. Insiders own 3.39% of the company’s stock.

LiveRamp Trading Up 4.1 %

RAMP stock opened at $24.74 on Friday. The company’s 50-day moving average price is $24.97 and its 200 day moving average price is $28.73. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $42.66. The company has a market cap of $1.66 billion, a P/E ratio of 137.44 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $175.96 million during the quarter, compared to the consensus estimate of $171.92 million. LiveRamp had a net margin of 0.88% and a return on equity of 2.14%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the firm earned $0.09 EPS. On average, equities research analysts expect that LiveRamp Holdings, Inc. will post 0.37 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.