SCHEDULE 13G/A: BlackRock Amends Passive Stake in LiveRamp Holdings, Disclosing 18.4% Ownership
Ownership Disclosure
BlackRock, Inc. has filed an Amendment No. 8 to its Schedule 13G, disclosing a passive beneficial ownership of 18.4% in LiveRamp Holdings Inc. as of December 31, 2024.
Summary
- BlackRock, Inc. filed an Amendment No. 8 to its Schedule 13G regarding LiveRamp Holdings Inc.
- As of December 31, 2024, BlackRock beneficially owns 11,980,256 shares of LiveRamp Holdings Inc. common stock.
- This represents 18.4% of the total outstanding common stock of LiveRamp Holdings Inc.
- BlackRock holds sole voting power over 11,683,045 shares and sole dispositive power over 11,980,256 shares.
- No shared voting or dispositive power is reported.
- The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
- iShares Core S & P Small-Cap ETF, a BlackRock entity, is noted to have an interest exceeding 5% of the total outstanding common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Schedule 13G Amendment) disclosing passive ownership. It contains no positive or negative news about the issuer's operations or financial performance, thus maintaining a neutral sentiment.
Positives
- Significant institutional ownership by BlackRock, a major global asset manager, indicates a degree of confidence or inclusion in their investment strategies.
- The passive nature of the stake (13G filing) suggests BlackRock is not seeking to influence control, which can be seen as stability.
Future Outlook
This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance from LiveRamp Holdings Inc. or BlackRock regarding LiveRamp's future performance.
Management Comments
- The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.
Industry Context
This filing reflects a routine disclosure by a major institutional investor, BlackRock, of its passive stake in LiveRamp Holdings Inc., a company operating in the data connectivity and marketing technology sector. Such large institutional holdings are common for publicly traded companies and indicate their inclusion in broad market indices or investment funds managed by firms like BlackRock.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming BlackRock's continued passive investment in LiveRamp Holdings Inc.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney date, now revoked. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-01-21 | Date of execution of the new Power of Attorney. |
| 2025-02-05 | Date of filing of this Schedule 13G Amendment No. 8. |
Keywords
LiveRamp Holdings Inc, BlackRock, Schedule 13G, Institutional Ownership, Common Stock, Beneficial Ownership, Passive Investment, SEC Filing, Investment Management, Data Connectivity
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