Debora B. Tomlin, a director at LiveRamp Holdings, Inc. (NYSE:RAMP), has sold 9,765 shares of the company's common stock, generating over $244,808 in total proceeds. The transactions occurred on September 26, with the shares sold at a weighted average price of $25.07.
The sales took place in multiple transactions within a price range of $25.05 to $25.10 per share. Following these transactions, Tomlin's direct ownership in LiveRamp Holdings stands at 24,509 shares.
LiveRamp Holdings, known for its services in computer processing and data preparation, is incorporated in Delaware and has its business headquarters in San Francisco, California. The company, formerly known as Acxiom Holdings, Inc., has undergone several name changes in its history, with the most recent one in September 2018 when it adopted its current name.
Investors often monitor insider transactions as they can provide insights into a company's financial health and future prospects. In the case of LiveRamp Holdings, the sale by director Debora Tomlin represents a notable change in her investment position, though the reasons for the sale have not been disclosed.
The details of these transactions are made public through filings with the Securities and Exchange Commission, ensuring transparency and allowing stakeholders to stay informed about significant insider trades.
In other recent news, LiveRamp Holdings, Inc. announced an increase in its share repurchase authorization from $1.1 billion to $1.3 billion, extending the program's expiration to December 2026. This decision leaves the company with approximately $322 million remaining for stock repurchases through the end of 2026. The company's CEO, Scott Howe, emphasized LiveRamp's financial capacity to leverage the current share price drop, citing a robust cash balance and projected fiscal year free cash flow.
Simultaneously, LiveRamp reported a robust first quarter for Fiscal 2025, exceeding market expectations with double-digit growth in revenue and annual recurring revenue (ARR). The company's Q1 financial performance included revenue reaching $176 million and an operating income of $27 million. LiveRamp's Data Marketplace segment reported a growth of 23%, and the company revised its revenue guidance for FY'25 upwards, now expecting between $715 million and $735 million.
These recent developments come as LiveRamp continues to promote data collaboration, working with digital publishers to standardize terms of service and query templates. Despite a few deals being delayed due to client companies' layoffs and macroeconomic uncertainty, LiveRamp maintains a strong relationship with Google (NASDAQ:GOOGL) Ads and sees positive revenue opportunities from its partnership with Oracle (NYSE:ORCL).
InvestingPro Insights
To provide additional context to the insider sale by Director Debora B. Tomlin, it's worth examining some key financial metrics and insights from InvestingPro for LiveRamp Holdings (NYSE:RAMP).
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 2023 was $681.55 million, with a notable revenue growth of 12.02% over the same period.
An InvestingPro Tip highlights that LiveRamp's management has been aggressively buying back shares, which could be seen as a vote of confidence in the company's future prospects. This share repurchase activity might offset some of the potential negative sentiment from insider sales like Tomlin's.
Another relevant InvestingPro Tip indicates that LiveRamp holds more cash than debt on its balance sheet. This strong liquidity position could provide the company with financial flexibility and resilience, which may be reassuring to investors in light of the recent insider sale.
It's important to note that while the stock has taken a significant hit over the last six months, with a price total return of -25.91%, analysts remain optimistic about the company's profitability. InvestingPro Tips suggest that net income is expected to grow this year, and analysts predict the company will be profitable.
For investors seeking a more comprehensive analysis, InvestingPro offers 11 additional tips for LiveRamp Holdings, providing a deeper understanding of the company's financial health and market position.
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