State of New Jersey Common Pension Fund D Has $1.93 Million Stock Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

State of New Jersey Common Pension Fund D raised its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 30.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,696 shares of the company’s stock after purchasing an additional 18,009 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in LiveRamp were worth $1,925,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. DT Investment Partners LLC acquired a new stake in LiveRamp during the 2nd quarter valued at $27,000. Quarry LP lifted its holdings in LiveRamp by 4,575.0% during the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock valued at $29,000 after purchasing an additional 915 shares during the last quarter. Blue Trust Inc. lifted its holdings in LiveRamp by 187.1% during the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock valued at $33,000 after purchasing an additional 694 shares during the last quarter. Covestor Ltd lifted its holdings in LiveRamp by 44.9% during the 1st quarter. Covestor Ltd now owns 2,131 shares of the company’s stock valued at $73,000 after purchasing an additional 660 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in LiveRamp during the 1st quarter valued at $87,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Insider Buying and Selling

In other LiveRamp news, insider Kimberly Bloomston sold 4,000 shares of LiveRamp stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the transaction, the insider now owns 117,247 shares in the company, valued at $2,951,106.99. The trade was a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Mohsin Hussain sold 5,773 shares of LiveRamp stock in a transaction dated 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 transaction, the chief technology officer now owns 73,614 shares in the company, valued at approximately $1,912,491.72. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,538 shares of company stock worth $495,471. Company insiders own 3.39% of the company’s stock.

LiveRamp Stock Performance

Shares of NYSE RAMP opened at $27.89 on Monday. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $42.66. The stock has a market capitalization of $1.82 billion, a P/E ratio of 557.91 and a beta of 0.96. The stock’s fifty day moving average is $25.38 and its 200 day moving average is $28.08.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.14. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The company had revenue of $185.00 million for the quarter, compared to analysts’ expectations of $176.16 million. During the same quarter last year, the business earned $0.21 earnings per share. LiveRamp’s revenue was up 15.6% on a year-over-year basis. Equities research analysts forecast that LiveRamp Holdings, Inc. will post 0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RAMP. Evercore ISI cut 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. Wells Fargo & Company initiated coverage on LiveRamp in a report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price for the company. Craig Hallum dropped their target price on LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Macquarie reissued an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. Finally, Benchmark dropped their target price on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $41.14.

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.