Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. LiveRamp Holdings Inc. shares valued at $1,647,968 were sold by Howe Scott E on May 04. At $30.40 per share, Howe Scott E sold 54,204 shares. The insider’s holdings dropped to 720,542 shares worth approximately $20.64 million following the completion of this transaction.
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Also, Howe Scott E sold 55,000 shares, netting a total of over 1,699,635 in proceeds. Following the sale of shares at $30.90 each, the insider now holds 720,542 shares.
Before that, Howe Scott E had sold 55,000 shares from its account. In a trade valued at $1,725,900, the CHIEF EXECUTIVE OFFICER traded LiveRamp Holdings Inc. shares for $31.38 each. Upon closing the transaction, the insider’s holdings decreased to 55,000 shares, worth approximately $20.64 million.
As published in a research note from BMO Capital Markets on March 15, 2022, LiveRamp Holdings Inc. [RAMP] has been rated up from a Market perform to an Outperform and the price target has been revised to $48. This represents a 40.31% premium over Thursday’s closing price. As of March 04, 2021, BMO Capital Markets has decreased its “an Outperform” rating to a “Market perform” for RAMP. Earlier on July 09, 2020, Craig Hallum initiated its rating. Their recommendation was “a Buy” for RAMP stock.
Analyzing RAMP’s Price Performance
On Thursday, LiveRamp Holdings Inc. [NYSE: RAMP] rose 4.64% to $28.65. The stock’s lowest price that day was $27.225, but it reached a high of $28.72 in the same session. During the last five days, there has been a surge of approximately 7.59%. Over the course of the year, LiveRamp Holdings Inc. shares have dropped approximately -40.25%. Shares of the company reached a 52-week high of $51.08 on 01/04/22 and a 52-week low of $22.32 on 05/25/22. A 50-day SMA is recorded $28.65, while a 200-day SMA reached $41.67. Nevertheless, trading volume fell to 1.39 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for LiveRamp Holdings Inc. (RAMP)
According to the 24-hour chart, there is a support level at 27.68, which, if violated, would cause prices to drop to 26.70. In the upper region, resistance lies at 29.17. The next price resistance is at 29.69. RSI (Relative Strength Index) is 57.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.28, which suggests the price will increase in the coming days. Percent R is at 1.65%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Which companies own the most shares of LiveRamp Holdings Inc. (RAMP)?
According to BlackRock Fund Advisors filings, the company currently owns 7,084,358 shares, which is about 10.36% of the total RAMP shares outstanding. The investor’s shares have plunged by -117,373 from its previous 13-F filing of 7201731.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $168,372,941. Wellington Management Co. LLP reduced a -8.25% interest valued at $100.03 million while Capital Research & Management Co purchased a 244,405 stake. A total of 383,047 shares of LiveRamp Holdings Inc. were bought by RGM Capital LLC during the quarter, and 351,876 were bought by Lazard Asset Management LLC. In its current portfolio, Janus Henderson Investors US LLC holds 2,597,272 shares valued at $66.49 million.
In terms of LiveRamp Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $42.60 in the next 12 months, up nearly 46.09% from the previous closing price of $27.38. Analysts anticipate LiveRamp Holdings Inc. stock to reach $65.00 by 2022, with the lowest price target being $28.00. In spite of this, 10 analysts ranked LiveRamp Holdings Inc. stock as a Buy at the end of 2022. On April 21, 2020, Berenberg assigned a price target of “a Buy” to the stock and initiated coverage with a $40.