613,863 Shares in LiveRamp Holdings (RAMP) Acquired by Norges Bank
Norges Bank purchased a new stake in LiveRamp Holdings (NASDAQ:RAMP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 613,863 shares of the company’s stock, valued at approximately $23,713,000. Norges Bank owned 0.90% of LiveRamp as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in RAMP. Delta Asset Management LLC TN acquired a new position in LiveRamp in the 4th quarter worth $26,000. Oregon Public Employees Retirement Fund boosted its stake in LiveRamp by 3,763.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,174,159 shares of the company’s stock worth $30,000 after purchasing an additional 1,143,764 shares during the period. Ffcm LLC acquired a new position in LiveRamp in the 4th quarter worth $33,000. Resources Investment Advisors Inc. acquired a new position in LiveRamp in the 4th quarter worth $34,000. Finally, Quantamental Technologies LLC acquired a new position in LiveRamp in the 4th quarter worth $67,000.
In other news, insider Jerry C. Jones sold 14,740 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $59.20, for a total transaction of $872,608.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James F. Arra sold 106,888 shares of the stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $52.54, for a total transaction of $5,615,895.52. The disclosure for this sale can be found here.
LiveRamp (NASDAQ:RAMP) last announced its earnings results on Monday, February 11th. The company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.38) by $0.41. The company had revenue of $80.02 million during the quarter, compared to analyst estimates of $76.86 million.
A number of brokerages recently weighed in on RAMP. Zacks Investment Research raised shares of LiveRamp from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Tuesday, March 5th. Evercore ISI began coverage on shares of LiveRamp in a research note on Thursday, February 28th. They issued an “outperform” rating and a $70.00 target price for the company. Four analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $62.75.
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LiveRamp Holdings, Inc provides identity and data connectivity for powering exceptional customer experiences. The company offers IdentityLink, an identity resolution platform that connects people, data, and devices across the physical and digital world, powering privacy-compliant, people-based marketing that allows consumers to better connect with the brands and products they love.
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