Teacher Retirement System of Texas Acquires 49,013 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Teacher Retirement System of Texas grew its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 124.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,459 shares of the company’s stock after purchasing an additional 49,013 shares during the quarter. Teacher Retirement System of Texas owned about 0.13% of LiveRamp worth $2,687,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Carolina Wealth Advisors LLC raised its holdings in LiveRamp by 2.2% during the fourth quarter. Carolina Wealth Advisors LLC now owns 25,608 shares of the company’s stock valued at $778,000 after buying an additional 560 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in LiveRamp by 0.5% in the 4th quarter. Summit Trail Advisors LLC now owns 115,924 shares of the company’s stock worth $3,521,000 after purchasing an additional 625 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in LiveRamp by 0.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,059 shares of the company’s stock worth $4,041,000 after purchasing an additional 1,001 shares during the period. Parkside Financial Bank & Trust grew its holdings in LiveRamp by 101.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock valued at $62,000 after purchasing an additional 1,027 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of LiveRamp by 232.2% in the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock valued at $52,000 after purchasing an additional 1,189 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Morgan Stanley lifted their target price on shares of LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Evercore ISI raised 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. Finally, Benchmark reiterated a “buy” rating and set a $45.00 price target on shares of LiveRamp in a report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, LiveRamp has a consensus rating of “Moderate Buy” and a consensus price target of $39.83.

LiveRamp Trading Down 0.8 %

RAMP opened at $27.53 on Wednesday. The stock’s 50 day simple moving average is $31.10 and its 200-day simple moving average is $28.95. The stock has a market cap of $1.81 billion, a PE ratio of 2,753.00 and a beta of 0.96. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $38.00.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. Equities analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 3,554 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were 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 in the company, valued at $1,939,189.98. The trade was a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Vihan Sharma sold 39,845 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the sale, the executive now directly owns 110,902 shares in the company, valued at $3,943,675.12. This represents a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.