Peregrine Capital Management LLC Reduces Position in LiveRamp Holdings (RAMP)

Peregrine Capital Management LLC cut its stake in LiveRamp Holdings (NASDAQ:RAMP) by 22.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 610,380 shares of the company’s stock after selling 174,155 shares during the period. LiveRamp makes up approximately 0.8% of Peregrine Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. Peregrine Capital Management LLC owned approximately 0.89% of LiveRamp worth $33,308,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RAMP. BlackRock Inc. acquired a new stake in LiveRamp in the 4th quarter worth $329,159,000. Dimensional Fund Advisors LP bought a new position in LiveRamp during the 4th quarter valued at about $118,450,000. Manning & Napier Group LLC bought a new position in LiveRamp during the 4th quarter valued at about $106,568,000. Capital International Investors bought a new position in shares of LiveRamp in the third quarter worth about $119,231,000. Finally, Abrams Bison Investments LLC bought a new position in shares of LiveRamp in the fourth quarter worth about $81,587,000.

In other news, insider Jerry C. Jones sold 14,740 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $59.20, for a total value of $872,608.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James F. Arra sold 106,888 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were 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.

A number of equities analysts have weighed in on RAMP shares. Zacks Investment Research raised shares of LiveRamp from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Wednesday, February 13th. Evercore ISI assumed coverage on shares of LiveRamp in a research note on Thursday, February 28th. They set an “outperform” rating and a $70.00 price target for the company. Four analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $62.75.

NASDAQ RAMP traded down $0.05 during trading on Friday, reaching $58.21. 499,560 shares of the stock traded hands, compared to its average volume of 750,721. LiveRamp Holdings has a fifty-two week low of $24.81 and a fifty-two week high of $63.23.

LiveRamp (NASDAQ:RAMP) last issued its quarterly earnings data 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 firm had revenue of $80.02 million for the quarter, compared to analyst estimates of $76.86 million.

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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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