BlackRock Amends LiveRamp Holdings Stake, Remains Key Investor
Ticker: RAMP · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 733269
| Field | Detail |
|---|---|
| Company | Liveramp Holdings, Inc. (RAMP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: RAMP
TL;DR
**BlackRock updated its LiveRamp stake, still a major holder.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 22, 2024, indicating a change in its ownership of LiveRamp Holdings, Inc. common stock as of December 31, 2023. This filing, Amendment No. 7, shows BlackRock continues to be a significant institutional holder, which can provide a sense of stability for current and potential investors in LiveRamp Holdings, Inc. (NYSE: RAMP) due to the backing of a major asset manager.
Why It Matters
Large institutional ownership by firms like BlackRock can signal confidence in a company's long-term prospects, potentially influencing other investors and providing a floor for the stock price.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate negative or positive risk for LiveRamp Holdings, Inc.
Analyst Insight
An investor should note BlackRock's continued presence as a significant holder, but this filing alone doesn't provide enough detail on the change in ownership percentage or share count to warrant an immediate action. Further analysis of the full filing would be needed to understand the exact change in BlackRock's stake.
Key Players & Entities
- BlackRock Inc. (company) — the entity filing the SC 13G/A
- LiveRamp Holdings, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 7 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is BlackRock Inc., as indicated in the 'FILED BY' section of the filing.
What is the 'Subject Company' of this filing?
The 'Subject Company' is LiveRamp Holdings, Inc., as stated in the 'SUBJECT COMPANY' section and on the Schedule 13G cover page.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified on the Schedule 13G cover page.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of LiveRamp Holdings, Inc. is 53815P108, as listed on the Schedule 13G cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding LiveRamp Holdings, Inc. (RAMP).