600,005 Shares in LiveRamp Holdings (NASDAQ:RAMP) Purchased by Vista Equity Partners Management LLC

Vista Equity Partners Management LLC acquired a new position in LiveRamp Holdings (NASDAQ:RAMP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 600,005 shares of the company’s stock, valued at approximately $23,178,000. LiveRamp accounts for 2.7% of Vista Equity Partners Management LLC’s portfolio, making the stock its 5th largest holding. Vista Equity Partners Management LLC owned approximately 0.88% of LiveRamp at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in RAMP. Delta Asset Management LLC TN purchased a new position in shares of LiveRamp during the fourth quarter worth about $26,000. Ffcm LLC purchased a new position in shares of LiveRamp during the fourth quarter worth about $33,000. Resources Investment Advisors Inc. purchased a new position in shares of LiveRamp during the fourth quarter worth about $34,000. Quantamental Technologies LLC purchased a new position in shares of LiveRamp during the fourth quarter worth about $67,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of LiveRamp during the fourth quarter worth about $70,000.

In related news, insider James F. Arra sold 106,888 shares of LiveRamp stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $52.54, for a total transaction of $5,615,895.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jerry C. Jones sold 14,740 shares of LiveRamp stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $59.20, for a total value of $872,608.00. The disclosure for this sale can be found here.

A number of equities analysts recently issued reports on RAMP shares. Wells Fargo & Co started coverage on LiveRamp in a report on Friday, December 21st. They set an “outperform” rating and a $60.00 price target on the stock. Zacks Investment Research downgraded shares of LiveRamp from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 26th. Finally, Evercore ISI started coverage on shares of LiveRamp in a research report on Thursday, February 28th. They issued an “outperform” rating and a $70.00 price objective for the company. Four research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $62.75.

Shares of RAMP stock traded down $0.41 during midday trading on Monday, reaching $56.06. 397,300 shares of the company traded hands, compared to its average volume of 803,100. LiveRamp Holdings has a 1-year low of $24.35 and a 1-year high of $63.23.

LiveRamp (NASDAQ:RAMP) last posted its quarterly earnings results on Monday, February 11th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.38) by $0.41. The company had revenue of $80.02 million for the quarter, compared to analyst estimates of $76.86 million.

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LiveRamp Company Profile

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.

Further Reading: What are Institutional Investors?

Institutional Ownership by Quarter for LiveRamp (NASDAQ:RAMP)

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