Olympiad Research LP Invests $205,000 in LiveRamp Holdings, Inc. (NYSE:RAMP)

Olympiad Research LP acquired a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP) during the third quarter, HoldingsChannel reports. The fund acquired 8,289 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its stake in shares of LiveRamp by 1.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 38,264 shares of the company’s stock worth $1,320,000 after acquiring an additional 461 shares during the period. Louisiana State Employees Retirement System lifted its position in LiveRamp by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the company’s stock valued at $1,030,000 after purchasing an additional 500 shares during the period. Arizona State Retirement System lifted its position in LiveRamp by 2.9% in the second quarter. Arizona State Retirement System now owns 18,528 shares of the company’s stock valued at $573,000 after purchasing an additional 523 shares during the period. DT Investment Partners LLC boosted its holdings in LiveRamp by 62.6% in the 3rd quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock valued at $35,000 after purchasing an additional 545 shares in the last quarter. Finally, Covestor Ltd increased its position in LiveRamp by 44.9% during the 1st quarter. Covestor Ltd now owns 2,131 shares of the company’s stock worth $73,000 after purchasing an additional 660 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RAMP. StockNews.com cut LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 16th. Evercore ISI decreased their target price on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Craig Hallum cut their price target on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company assumed coverage on shares of LiveRamp in a report on Monday, October 28th. They set an “equal weight” rating and a $25.00 price objective on the stock. Finally, Benchmark dropped their target price on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, LiveRamp presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.14.

Insiders Place Their Bets

In other news, Director Debora B. Tomlin sold 9,765 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total value of $244,808.55. Following the sale, the director now directly owns 24,509 shares in the company, valued at $614,440.63. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Debora B. Tomlin sold 9,765 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total value of $244,808.55. Following the completion of the transaction, the director now owns 24,509 shares of the company’s stock, valued at $614,440.63. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Mohsin Hussain sold 5,773 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $25.98, for a total transaction of $149,982.54. Following the sale, the chief technology officer now owns 73,614 shares in the company, valued at approximately $1,912,491.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,538 shares of company stock valued at $495,471. Corporate insiders own 3.39% of the company’s stock.

LiveRamp Trading Down 0.6 %

Shares of RAMP opened at $28.32 on Friday. LiveRamp Holdings, Inc. has a 12-month low of $21.45 and a 12-month high of $42.66. The stock has a market cap of $1.89 billion, a P/E ratio of 314.65 and a beta of 0.96. The company has a 50-day moving average of $25.08 and a two-hundred day moving average of $28.28.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.04. The firm had revenue of $175.96 million during the quarter, compared to the consensus estimate of $171.92 million. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. As a group, analysts forecast that LiveRamp Holdings, Inc. will post 0.37 EPS for the current fiscal year.

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.