Angeles Wealth Management LLC Takes Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Angeles Wealth Management LLC acquired a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,252 shares of the company’s stock, valued at approximately $279,000.

A number of other institutional investors have also recently bought and sold shares of RAMP. DT Investment Partners LLC bought a new stake in shares of LiveRamp in the 2nd quarter valued at approximately $27,000. Quarry LP grew its position in LiveRamp by 4,575.0% in the second quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after acquiring an additional 915 shares in the last quarter. Blue Trust Inc. increased its stake in shares of LiveRamp by 187.1% during the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after purchasing an additional 694 shares during the last quarter. Covestor Ltd raised its holdings in shares of 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 in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of LiveRamp in the 1st quarter valued at $87,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Stock Up 0.2 %

Shares of RAMP stock opened at $25.07 on Monday. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $42.66. The firm has a market cap of $1.67 billion, a PE ratio of 278.59 and a beta of 0.96. The stock has a 50 day moving average of $24.95 and a 200-day moving average of $28.45.

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

Wall Street Analysts Forecast Growth

RAMP has been the topic of several analyst reports. Benchmark lowered their target price on shares of LiveRamp from $56.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, October 7th. Wells Fargo & Company assumed coverage on LiveRamp in a report on Monday, October 28th. They set an “equal weight” rating and a $25.00 price objective on the stock. StockNews.com lowered LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 16th. Evercore ISI lowered their price target on LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, 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. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $41.83.

Insider Activity at LiveRamp

In related news, insider Kimberly Bloomston sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the transaction, the insider now directly owns 117,247 shares in the company, valued at $2,951,106.99. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CTO Mohsin Hussain sold 5,773 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $25.98, for a total transaction of $149,982.54. Following the completion of the transaction, the chief technology officer now directly owns 73,614 shares of the company’s stock, valued at approximately $1,912,491.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kimberly Bloomston sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the sale, the insider now directly owns 117,247 shares in the company, valued at approximately $2,951,106.99. The trade was 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 worth $495,471. Company insiders own 3.39% of the company’s stock.

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.