LiveRamp Holdings, Inc. (NYSE:RAMP) Chief Product Officer Kimberly Bloomston has sold 4,000 shares of company stock, according to a recent filing with the Securities and Exchange Commission. The transaction, dated September 26, 2024, was executed at a price of $25.17 per share, resulting in a total sale amount of $100,680.
The sale has adjusted Bloomston's holdings in LiveRamp, leaving her with a total of 117,247 shares following the transaction. The reported sale price reflects the market value of the shares at the time of the transaction.
LiveRamp, a technology company specializing in data connectivity and integration solutions, has seen its stock fluctuate in recent months amidst a volatile market. The sale by a high-ranking executive often attracts attention from investors, as it may reflect their perspective on the company's current valuation and future prospects.
Investors typically monitor insider transactions like these for insights into how company executives perceive the financial health and potential growth of the business. Although the reasons for such sales can vary widely, they are a routine part of personal financial management for corporate insiders.
The recent transaction is part of the regular disclosure of stock trades by company insiders as required by securities regulations. These filings provide transparency and ensure that all market participants have access to the same information.
As of now, LiveRamp has not released any official statement regarding the transaction, and it remains part of the regular course of business within the regulatory framework for publicly traded companies. Shareholders and potential investors in LiveRamp Holdings, Inc. will continue to observe insider activity as one of many factors to consider in their investment decisions.
In other recent news, LiveRamp Holdings, Inc. has reported a vigorous first quarter for Fiscal 2025, surpassing market expectations with notable growth in revenue, reaching $176 million, and an operating income of $27 million. The company also observed an increase in its annual recurring revenue (ARR) and subscription net retention, rising to 105%. Additionally, LiveRamp has increased its share repurchase authorization from $1.1 billion to $1.3 billion and extended the program's expiration to December 31, 2026.
In other developments, LiveRamp's Data Marketplace segment witnessed a growth of 23%, reflecting the trend in the US digital advertising market. The company also revised its revenue guidance for Fiscal Year 2025 upwards, now expecting between $715 million and $735 million.
Despite some deals being delayed due to client companies' layoffs and macroeconomic uncertainty, LiveRamp continues to maintain a strong relationship with Google (NASDAQ:GOOGL) Ads and sees positive revenue opportunities from its partnership with Oracle (NYSE:ORCL). These are the latest developments in the company's ongoing efforts to promote data collaboration and standardize terms of service and query templates with digital publishers.
InvestingPro Insights
To provide additional context to the recent insider sale by LiveRamp Holdings, Inc.'s Chief Product Officer, let's examine some key financial metrics and insights from InvestingPro.
According to InvestingPro data, LiveRamp's market capitalization stands at $1.67 billion, positioning it as a mid-cap company in the technology sector. The company's revenue for the last twelve months as of Q1 2025 was $681.55 million, with a notable revenue growth of 12.02% over the same period.
An InvestingPro Tip highlights that LiveRamp holds more cash than debt on its balance sheet, which could be seen as a positive indicator of financial stability. This strong cash position may provide the company with flexibility for future investments or to weather potential market uncertainties.
Another relevant InvestingPro Tip notes that the stock has taken a significant hit over the last six months, with price data showing a 25.91% decline in the six-month price total return. This downturn aligns with the context of the article mentioning stock fluctuations in recent months.
It's worth noting that despite the recent stock performance, analysts predict the company will be profitable this year, as indicated by another InvestingPro Tip. This projection could be of interest to investors considering the implications of the insider sale reported in the article.
For readers seeking a more comprehensive analysis, InvestingPro offers 11 additional tips for LiveRamp Holdings, providing a deeper dive into the company's financial health and market position.
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