Virtu Financial LLC Raises Stake in LiveRamp Holdings (RAMP)

Virtu Financial LLC grew its holdings in LiveRamp Holdings (NASDAQ:RAMP) by 42.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,350 shares of the company’s stock after purchasing an additional 2,493 shares during the period. Virtu Financial LLC’s holdings in LiveRamp were worth $456,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RAMP. BlackRock Inc. acquired a new position in LiveRamp in the fourth quarter worth approximately $329,159,000. Dimensional Fund Advisors LP acquired a new position in LiveRamp in the fourth quarter worth approximately $118,450,000. Manning & Napier Group LLC acquired a new position in LiveRamp in the fourth quarter worth approximately $106,568,000. Abrams Bison Investments LLC acquired a new position in LiveRamp in the fourth quarter worth approximately $81,587,000. Finally, Northern Trust Corp acquired a new position in LiveRamp in the fourth quarter worth approximately $69,500,000.

In other LiveRamp news, insider James F. Arra sold 106,888 shares of the company’s 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jerry C. Jones sold 14,740 shares of the company’s 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.

Shares of LiveRamp stock opened at $55.93 on Monday. LiveRamp Holdings has a 12-month low of $24.41 and a 12-month high of $63.23.

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

A number of equities analysts recently commented on the company. Zacks Investment Research downgraded LiveRamp from a “buy” rating to a “hold” rating in a report on Saturday, February 16th. Evercore ISI started coverage on LiveRamp in a report on Thursday, February 28th. They issued an “outperform” rating and a $70.00 price objective on the stock. Four research analysts have rated the stock with a buy rating, LiveRamp presently has a consensus rating of “Buy” and an average price target of $62.75.

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LiveRamp 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.

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Institutional Ownership by Quarter for LiveRamp (NASDAQ:RAMP)

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