Liveramp’s chief product officer sells $295,858 in stock

Published 31/12/2024, 22:06
Liveramp’s chief product officer sells $295,858 in stock
RAMP
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Kimberly Bloomston, Chief Product Officer at LiveRamp Holdings, Inc. (NYSE:RAMP), recently executed a sale of company shares, according to a recent SEC filing. The company, which InvestingPro analysis shows maintains a strong financial position with more cash than debt and an impressive current ratio of 2.92x, has seen its shares gain solid momentum over the past three months. On December 30, Bloomston sold 9,729 shares of LiveRamp common stock, valued at approximately $295,858. The shares were sold at a weighted average price of $30.41, with individual transaction prices ranging from $30.09 to $30.67. This sale was part of a pre-arranged trading plan under Rule 10b5-1, which Bloomston adopted in September 2024. Following the transaction, Bloomston holds 99,130 shares of the company. According to InvestingPro data, LiveRamp appears undervalued at current levels, with analysts expecting net income growth and maintaining positive earnings forecasts for the year. For deeper insights into LiveRamp’s valuation and 11 additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.

In other recent news, LiveRamp Holdings, Inc. disclosed substantial top line growth, client progress, and improved margins during its fiscal 2025 second quarter earnings call. The company’s CEO, Scott Howe, and CFO, Lauren Dillard, underscored these positive aspects during the discussion. However, they also issued forward-looking statements, alerting investors to potential risks that could affect future results.

LiveRamp’s performance metrics, including top line growth and margin enhancement, were notably strong. Despite the company’s optimism about its current performance and future prospects, it emphasized the uncertainties and risks that could cause actual results to differ. The earnings call, which also featured a question-and-answer session, did not highlight any specific misses.

These are recent developments, and more detailed information on LiveRamp’s performance and financials can be accessed through the press release and slide deck available on the company’s investor relations website.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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