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SAN FRANCISCO – Today, LiveRamp Holdings, Inc. (NYSE:RAMP), a $1.93 billion data connectivity platform with strong financial health according to InvestingPro analysis, announced the departure of Chief Product Officer Kimberly Bloomston. Effective as of March 1, 2025, Bloomston ceased her role and will conclude her employment by the end of the fiscal year.
The company, listed on the New York Stock Exchange under the ticker (NYSE:RAMP), will provide Bloomston with a severance package totaling $1,088,819. This sum represents her base salary, average annual bonus from the past two fiscal years, and her target cash bonus for fiscal 2025. Additionally, Bloomston will receive a cash payment to cover 12 months of COBRA health insurance continuation for herself and her dependents. The company maintains a strong financial position to support such arrangements, with InvestingPro data showing a healthy current ratio of 2.78 and impressive revenue growth of 14.5% over the last twelve months.
A prorated portion of Bloomston’s performance-based restricted stock units will also vest based on actual performance up to the date of her employment termination. The release of these benefits is contingent upon her signing a separation agreement and release of claims.
Furthermore, Bloomston has committed to a consulting role with LiveRamp until March 31, 2026, under a Consulting Agreement set to begin after her employment ends. She will earn $215 per hour for services rendered. During this consulting period, her time-based equity awards due in fiscal year 2026 will continue to vest as per the original grant schedule, provided she does not take on other employment or stop consulting for LiveRamp.
This information is based on a press release statement and the details of the severance and consulting arrangements were filed with the Securities and Exchange Commission.
In other recent news, LiveRamp Holdings Inc. has been the focus of several analyst evaluations and strategic developments. Benchmark analysts have maintained a Buy rating on LiveRamp with a price target of $45, noting the company’s initiative to simplify its pricing structure, which could lead to increased revenue and cost savings. This new pricing model will be piloted with a portion of LiveRamp’s customer base, aiming to streamline the existing complex system into a more manageable framework. In contrast, Morgan Stanley (NYSE:MS) has downgraded LiveRamp’s stock rating from Overweight to Equalweight, maintaining a price target of $35. The downgrade reflects concerns about the lack of strong catalysts for growth and the slower-than-expected benefits from the acquisition of Habu.
Benchmark also reiterated a Buy rating with a $42 price target, anticipating that LiveRamp will meet revenue expectations for the upcoming fiscal third-quarter earnings report. The firm expects an increase in variable subscription revenue despite a slight downward revision in Data Marketplace revenue. Additionally, Benchmark highlighted the significance of the third fiscal quarter as LiveRamp’s largest renewal period, which may improve Recognized Purchase Obligations trends. Morgan Stanley pointed to factors such as the phasing out of third-party cookies and a decline in net new Annual Recurring Revenue as reasons for their more cautious outlook. These recent developments provide a multifaceted view of LiveRamp’s current financial and strategic positioning.
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