Fox Run Management L.L.C. Raises Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Fox Run Management L.L.C. lifted its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 31.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,059 shares of the company’s stock after buying an additional 6,193 shares during the period. Fox Run Management L.L.C.’s holdings in LiveRamp were worth $791,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. KLP Kapitalforvaltning AS acquired a new stake in shares of LiveRamp in the 4th quarter worth approximately $392,000. Hillsdale Investment Management Inc. grew its holdings in shares of LiveRamp by 0.9% in the 4th quarter. Hillsdale Investment Management Inc. now owns 150,280 shares of the company’s stock worth $4,564,000 after acquiring an additional 1,400 shares during the period. American Century Companies Inc. grew its holdings in shares of LiveRamp by 112.4% in the 4th quarter. American Century Companies Inc. now owns 52,170 shares of the company’s stock worth $1,584,000 after acquiring an additional 27,607 shares during the period. Magnetar Financial LLC acquired a new stake in shares of LiveRamp in the 4th quarter worth approximately $808,000. Finally, Teacher Retirement System of Texas grew its holdings in shares of LiveRamp by 124.3% in the 4th quarter. Teacher Retirement System of Texas now owns 88,459 shares of the company’s stock worth $2,687,000 after acquiring an additional 49,013 shares during the period. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Stock Performance

Shares of NYSE:RAMP opened at $27.17 on Monday. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $38.00. The stock has a market cap of $1.79 billion, a PE ratio of 2,716.70 and a beta of 0.96. The business’s fifty day moving average price is $31.18 and its two-hundred day moving average price is $28.92.

LiveRamp (NYSE:RAMP) last issued 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 return on equity of 0.97% and a net margin of 0.01%. As a group, equities research analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on RAMP. Benchmark restated a “buy” rating and issued a $45.00 price target on shares of LiveRamp in a report on Wednesday, February 26th. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Morgan Stanley increased their target price 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 increased their target price on LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.83.

Insiders Place Their Bets

In related news, CTO Mohsin Hussain sold 3,554 shares of the stock in a transaction 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 approximately $1,939,189.98. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $35.56, for a total value of $1,416,888.20. Following the completion of the transaction, the executive now directly owns 110,902 shares in the company, valued at $3,943,675.12. This trade represents a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.39% of the company’s stock.

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.