Pitcairn Co. Purchases Shares of 11,011 LiveRamp Holdings, Inc. (NYSE:RAMP)

Pitcairn Co. acquired a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 11,011 shares of the company’s stock, valued at approximately $334,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ExodusPoint Capital Management LP bought a new stake in LiveRamp during the 4th quarter valued at approximately $1,491,000. Motley Fool Asset Management LLC lifted its holdings in shares of LiveRamp by 99.8% during the fourth quarter. Motley Fool Asset Management LLC now owns 93,814 shares of the company’s stock worth $2,849,000 after buying an additional 46,870 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of LiveRamp by 3.7% in the fourth quarter. Franklin Resources Inc. now owns 1,582,917 shares of the company’s stock valued at $48,073,000 after acquiring an additional 56,667 shares during the period. Alliancebernstein L.P. grew its stake in shares of LiveRamp by 46.5% in the fourth quarter. Alliancebernstein L.P. now owns 169,739 shares of the company’s stock worth $5,155,000 after acquiring an additional 53,869 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in LiveRamp by 82.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 8,104 shares of the company’s stock worth $245,000 after acquiring an additional 3,652 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Trading Down 3.8 %

RAMP stock opened at $24.28 on Monday. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $38.00. The business’s 50 day moving average is $30.09 and its 200-day moving average is $29.01. The firm has a market cap of $1.60 billion, a P/E ratio of 2,428.30 and a beta of 1.05.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Benchmark reissued a “buy” rating and set a $45.00 target price on shares of LiveRamp in a research report on Wednesday, February 26th. Morgan Stanley upped their price target on LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Evercore ISI lifted their price objective on LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $39.83.

Insider Buying and Selling

In other news, CTO Mohsin Hussain sold 3,554 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $33.67, for a total value of $119,663.18. Following the transaction, the chief technology officer now directly owns 57,594 shares of the company’s stock, valued at $1,939,189.98. The trade was a 5.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of the firm’s 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 of the company’s stock, valued at $3,943,675.12. This represents a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by corporate insiders.

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.