Rockefeller Capital Management L.P. Boosts Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Rockefeller Capital Management L.P. lifted its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 49.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 206,700 shares of the company’s stock after purchasing an additional 68,261 shares during the period. Rockefeller Capital Management L.P. owned 0.32% of LiveRamp worth $5,122,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. DT Investment Partners LLC purchased a new position in LiveRamp during the 2nd quarter valued at about $27,000. Quarry LP lifted its position 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 acquiring an additional 915 shares during the period. Blue Trust Inc. lifted its position 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 acquiring an additional 694 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in LiveRamp during the 1st quarter valued at about $87,000. Finally, Quest Partners LLC increased its stake in LiveRamp by 68.8% during the 2nd quarter. Quest Partners LLC now owns 2,998 shares of the company’s stock valued at $93,000 after purchasing an additional 1,222 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on RAMP shares. Wells Fargo & Company started coverage on shares of LiveRamp in a research note on Monday, October 28th. They set an “equal weight” rating and a $25.00 price objective for the company. Macquarie restated an “outperform” rating and set a $43.00 price objective on shares of LiveRamp in a research note on Thursday, November 7th. Craig Hallum reduced their price objective on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Benchmark reduced their price objective on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, Evercore ISI reduced their price objective on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, LiveRamp presently has an average rating of “Moderate Buy” and a consensus price target of $41.14.

Insider Buying and Selling at LiveRamp

In other LiveRamp news, insider Kimberly Bloomston sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were 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 directly owns 117,247 shares in the company, valued at $2,951,106.99. This represents a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Debora B. Tomlin sold 9,765 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following the completion of the transaction, the director now owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. The trade was a 28.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is owned by corporate insiders.

LiveRamp Stock Up 2.0 %

Shares of RAMP stock opened at $31.67 on Thursday. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $42.66. The firm has a market capitalization of $2.07 billion, a PE ratio of 633.40 and a beta of 0.97. The company has a 50 day moving average price of $26.51 and a 200-day moving average price of $27.87.

LiveRamp (NYSE:RAMP) last announced its earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.14. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The business had revenue of $185.00 million during the quarter, compared to analysts’ expectations of $176.16 million. During the same period in the prior year, the company earned $0.21 earnings per share. The firm’s revenue was up 15.6% on a year-over-year basis. Analysts anticipate that LiveRamp Holdings, Inc. will post 0.36 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.