SCHEDULE 13G/A: BlackRock Discloses 15.3% Passive Stake in LiveRamp Holdings, Inc.

BlackRock, Inc. has filed an amended Schedule 13G, revealing a 15.3% beneficial ownership stake in LiveRamp Holdings, Inc. as of March 31, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 10,040,234 shares of LiveRamp Holdings, Inc. common stock.
• This represents 15.3% of the total outstanding common stock of LiveRamp Holdings, Inc.
• BlackRock holds sole voting power over 9,961,825 shares and sole dispositive power over 10,040,234 shares.
• The filing is an Amendment No. 9 to Schedule 13G, indicating a passive investment where BlackRock does not intend to influence or change control of the issuer.
• One of BlackRock's subsidiaries, iShares Core S&P Small-Cap ETF, is noted to hold more than 5% of the total outstanding common stock of LiveRamp Holdings, Inc.

Sentiment

Score: 7

Explanation: The disclosure of a significant 15.3% passive stake by a leading global asset manager like BlackRock is generally viewed positively, indicating institutional confidence and a stable, long-term investment in LiveRamp Holdings, Inc.

Positives

• The disclosure of a significant 15.3% stake by a major institutional investor like BlackRock can signal confidence in LiveRamp Holdings, Inc.'s long-term prospects.
• BlackRock's certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, indicating a stable, long-term investment perspective.

Negatives

• The document does not contain any explicitly negative information regarding LiveRamp Holdings, Inc.

Risks

• The document does not explicitly mention specific risks related to LiveRamp Holdings, Inc.

Future Outlook

The document, a Schedule 13G filing, is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding LiveRamp Holdings, Inc.'s future performance or outlook.

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." (Statement from BlackRock, Inc. in its certification)

Industry Context

This filing indicates continued institutional interest in the data connectivity and marketing technology sector, where LiveRamp operates. Large passive stakes by asset managers like BlackRock are common across various industries, reflecting broad market exposure strategies and confidence in the underlying companies.

Comparison to Industry Standards

• Not applicable as this document is a disclosure of ownership, not financial performance or operational results, and therefore does not provide specific comparable companies, projects, or results for assessment against industry standards.

Corporate Governance

Stakeholder Impact

• Shareholders: The continued significant ownership by BlackRock, a prominent institutional investor, may instill confidence among other shareholders, suggesting stable institutional backing for LiveRamp Holdings, Inc.
• Management: Confirms a major institutional investor's passive stake, which typically implies less direct pressure on management regarding operational control or strategic direction, allowing them to focus on long-term business objectives.

Key Dates

Keywords

LiveRamp Holdings, BlackRock, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Passive Investment, SEC Filing, 53815P108