LiveRamp Holdings, Inc. (NYSE:RAMP) Chief Technology Officer Mohsin Hussain has sold a total of 17,299 shares of the company's common stock, netting a total of $538,863. The sales took place on May 29, 2024, with the shares being sold at a weighted average price of $31.15 each. The transactions were executed in multiple parts with prices ranging from $31.11 to $31.21 per share.
Following the sale, Hussain's ownership in LiveRamp Holdings stands at 88,546 shares of common stock, directly held. The company, known for its computer processing and data preparation services, has its shares traded under the ticker RAMP on the New York Stock Exchange.
The recent transaction by Hussain is part of the routine disclosures made by company executives, which provide public insight into their trading activities involving their own firm's stock. It is common for executives to sell shares for various personal financial planning reasons, and these transactions are regularly reported to the U.S. Securities and Exchange Commission.
Investors and the market often monitor these insider transactions as they can provide signals about executives' confidence in the company's future prospects. However, it's important to note that such sales may not necessarily be indicative of the company's operational performance or long-term trajectory.
LiveRamp Holdings, previously known as Acxiom Holdings, Inc., continues to operate from its headquarters on Bush Street in San Francisco, California, maintaining its focus on providing data connectivity and integration solutions.
InvestingPro Insights
In light of the recent insider trading activity at LiveRamp Holdings, Inc. (NYSE:RAMP), investors may be seeking additional context to gauge the company's financial health and market position. Here are some key metrics and insights from InvestingPro that could provide a clearer picture:
InvestingPro Data:
- Market Cap (Adjusted): $2.04 billion USD
- P/E Ratio (Last twelve months as of Q4 2024): 103.8
- Revenue Growth (Last twelve months as of Q4 2024): 10.57%
InvestingPro Tips:
- LiveRamp Holdings is trading at a high earnings multiple, which may suggest that the market has high expectations for future growth.
- Analysts have a positive outlook on the company, with three analysts revising their earnings upwards for the upcoming period and predicting profitability for the year.
For investors considering whether to follow the executive's lead or to hold onto their shares, these metrics could be critical. The company's solid revenue growth and the analysts' revisions could indicate confidence in LiveRamp's trajectory, despite the recent sale by CTO Mohsin Hussain. Additionally, while the company's high P/E ratio could be a point of caution, it also reflects the market's optimism about its earnings potential.
For those looking for more in-depth analysis and additional insights, there are 11 more InvestingPro Tips available at https://www.investing.com/pro/RAMP. To enhance your investment strategy with these tips, use the coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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