Franklin Resources Inc. Buys 56,667 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Franklin Resources Inc. lifted its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 3.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,582,917 shares of the company’s stock after acquiring an additional 56,667 shares during the period. Franklin Resources Inc. owned 2.41% of LiveRamp worth $48,073,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RAMP. Vanguard Group Inc. raised its position in shares of LiveRamp by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 8,847,543 shares of the company’s stock valued at $268,700,000 after purchasing an additional 118,179 shares during the period. Geode Capital Management LLC raised its holdings in LiveRamp by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,493,522 shares of the company’s stock worth $37,017,000 after acquiring an additional 15,340 shares during the period. Baillie Gifford & Co. lifted its position in LiveRamp by 4.3% during the 4th quarter. Baillie Gifford & Co. now owns 1,416,642 shares of the company’s stock worth $43,023,000 after acquiring an additional 58,568 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in LiveRamp by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 995,960 shares of the company’s stock valued at $30,247,000 after acquiring an additional 49,152 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of LiveRamp by 30.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,040 shares of the company’s stock valued at $29,885,000 after purchasing an additional 230,478 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RAMP shares. Evercore ISI boosted their price objective on LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Benchmark reissued a “buy” rating and issued a $45.00 price objective on shares of LiveRamp in a research report on Wednesday, February 26th. Morgan Stanley raised their price objective on shares of LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Finally, StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Two equities 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.83.

LiveRamp Trading Down 3.8 %

Shares of NYSE RAMP opened at $24.28 on Friday. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 2,428.30 and a beta of 1.05. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $38.00. The business has a fifty day simple moving average of $30.09 and a 200 day simple moving average of $28.96.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 EPS 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%. On average, research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling at LiveRamp

In other news, CRO Vihan Sharma sold 39,845 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $35.56, for a total value of $1,416,888.20. Following the sale, the executive now owns 110,902 shares in the company, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mohsin Hussain sold 3,554 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the sale, the chief technology officer now directly owns 57,594 shares in the company, valued at approximately $1,939,189.98. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Company 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.