LiveRamp Holdings (NASDAQ:RAMP) Shares Sold by Jackson Square Partners LLC

Jackson Square Partners LLC lessened its stake in LiveRamp Holdings (NASDAQ:RAMP) by 13.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,344,893 shares of the company’s stock after selling 994,876 shares during the quarter. LiveRamp accounts for 1.9% of Jackson Square Partners LLC’s investment portfolio, making the stock its 23rd largest position. Jackson Square Partners LLC owned approximately 0.09% of LiveRamp worth $346,240,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Delta Asset Management LLC TN bought a new position in LiveRamp in the fourth quarter valued at about $26,000. Oregon Public Employees Retirement Fund raised its holdings in shares of LiveRamp by 3,763.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,174,159 shares of the company’s stock worth $30,000 after buying an additional 1,143,764 shares in the last quarter. Ffcm LLC acquired a new position in LiveRamp in the 4th quarter worth about $33,000. Resources Investment Advisors Inc. acquired a new position in LiveRamp in the 4th quarter worth about $34,000. Finally, Spectrum Management Group Inc. acquired a new position in LiveRamp in the 1st quarter worth about $36,000.

Shares of RAMP traded down $0.41 on Wednesday, reaching $51.38. 13,903 shares of the company’s stock traded hands, compared to its average volume of 720,155. LiveRamp Holdings has a 52-week low of $29.03 and a 52-week high of $63.23.

LiveRamp (NASDAQ:RAMP) last announced its quarterly earnings data on Tuesday, May 28th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The business had revenue of $78.30 million during the quarter, compared to analyst estimates of $76.99 million. LiveRamp’s revenue for the quarter was up 30.1% compared to the same quarter last year.

RAMP has been the topic of a number of analyst reports. Zacks Investment Research upgraded LiveRamp from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Wednesday, February 13th. Evercore ISI initiated coverage on LiveRamp in a research note on Thursday, February 28th. They issued an “outperform” rating and a $70.00 price objective for the company. Finally, First Analysis raised LiveRamp from a “neutral” rating to an “outperform” rating and set a $55.00 price objective for the company in a research note on Wednesday, May 29th. Five analysts have rated the stock with a buy rating, LiveRamp has a consensus rating of “Buy” and an average target price of $61.20.

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About LiveRamp

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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