SCHEDULE 13G/A: Vanguard Group Maintains Significant Passive Stake in LiveRamp Holdings, Disclosing 13.55% Ownership

The Vanguard Group has filed an Amendment No. 15 to its Schedule 13G, reaffirming its substantial passive ownership of 13.55% in LiveRamp Holdings Inc. as of December 31, 2024.

Summary

• The Vanguard Group, a prominent investment adviser, has filed an Amendment No. 15 to its Schedule 13G regarding its beneficial ownership in LiveRamp Holdings Inc.
• As of December 31, 2024, Vanguard beneficially owns an aggregate of 8,847,543 shares of LiveRamp Holdings Inc. Common Stock.
• This ownership represents 13.55% of the class of securities.
• Vanguard holds sole voting power over 0 shares, shared voting power over 123,193 shares, sole dispositive power over 8,644,697 shares, and shared dispositive power over 202,846 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing the control of LiveRamp Holdings Inc.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or prospects. It is a neutral, compliance-driven filing.

Positives

• The continued significant stake by a major institutional investor like The Vanguard Group indicates a level of confidence in LiveRamp Holdings Inc. as a long-term investment.
• The passive nature of the investment, as certified by Vanguard, suggests stability and a lack of immediate intent to influence corporate control, which can be viewed positively by current management.

Negatives

• The document itself, being a routine beneficial ownership disclosure, does not contain negative information regarding LiveRamp Holdings Inc.'s operations or financial performance.

Risks

• The filing indicates a passive investment strategy by Vanguard, meaning they are not seeking to influence or change the control of LiveRamp Holdings Inc., which might limit the potential for activist-driven value creation.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding LiveRamp Holdings Inc.'s future performance or strategic outlook, as it is a disclosure of beneficial ownership by an institutional investor.

Industry Context

The filing reflects a common practice among large institutional asset managers like The Vanguard Group to disclose significant passive stakes in publicly traded companies. Such disclosures provide transparency into major ownership positions within the market, which is a standard aspect of the investment landscape for companies in the technology and data connectivity sector like LiveRamp Holdings Inc.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming a large, passive investment by The Vanguard Group.
• Management: Reassures management that a major investor is not seeking to influence control, allowing them to focus on current strategic plans.

Key Dates

Keywords

LiveRamp Holdings Inc, The Vanguard Group, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Passive Investment, SEC Filing, Ownership Disclosure