Riskified Ltd. (NYSE:RSKD) Shares Sold by 272 Capital LP

272 Capital LP lessened its stake in Riskified Ltd. (NYSE:RSKD - Free Report) by 57.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 530,883 shares of the company's stock after selling 722,211 shares during the period. Riskified accounts for 2.6% of 272 Capital LP's portfolio, making the stock its 9th largest holding. 272 Capital LP owned about 0.30% of Riskified worth $2,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of RSKD. nVerses Capital LLC bought a new position in shares of Riskified in the 2nd quarter valued at about $29,000. Valmark Advisers Inc. bought a new position in Riskified in the second quarter valued at approximately $104,000. Quantbot Technologies LP acquired a new stake in Riskified during the 3rd quarter worth $120,000. Olympiad Research LP bought a new stake in shares of Riskified during the 3rd quarter valued at $150,000. Finally, Squarepoint Ops LLC bought a new position in shares of Riskified in the 2nd quarter worth $163,000. Institutional investors and hedge funds own 58.98% of the company's stock.

Riskified Stock Up 1.0 %

RSKD traded up $0.05 during trading on Friday, hitting $4.85. The company had a trading volume of 312,071 shares, compared to its average volume of 775,608. The firm's 50-day moving average price is $4.56 and its 200 day moving average price is $5.35. The company has a market capitalization of $864.61 million, a PE ratio of -24.25 and a beta of 1.36. Riskified Ltd. has a one year low of $3.98 and a one year high of $6.64.

Riskified (NYSE:RSKD - Get Free Report) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. Riskified had a negative return on equity of 6.00% and a negative net margin of 10.72%. The company had revenue of $78.80 million for the quarter, compared to analyst estimates of $75.01 million. During the same period in the previous year, the company posted ($0.12) earnings per share. The company's quarterly revenue was up 9.6% compared to the same quarter last year. Sell-side analysts forecast that Riskified Ltd. will post -0.15 earnings per share for the current year.

Riskified announced that its board has initiated a stock repurchase plan on Wednesday, November 13th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. DA Davidson raised Riskified to a "hold" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. upped their target price on shares of Riskified from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. Keefe, Bruyette & Woods cut their target price on shares of Riskified from $5.50 to $5.25 and set a "market perform" rating on the stock in a report on Thursday, November 14th. Truist Financial decreased their price target on shares of Riskified from $8.00 to $7.00 and set a "buy" rating for the company in a report on Thursday, August 15th. Finally, UBS Group dropped their price objective on Riskified from $4.75 to $4.50 and set a "neutral" rating on the stock in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $5.91.

Riskified Company Profile

Riskified Ltd., together with its subsidiaries, develops and offers an e-commerce risk management platform that allows online merchants to create trusted relationships with consumers in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. It offers Chargeback Guarantee that ensures the legitimacy of merchants' online orders; Policy Protect, a machine learning solution designed to detect and prevent refund and returns policy abuse in real-time; Account Secure, a solution that cross-checks every login attempt; Dispute Resolve, which is used to compile submissions for fraud and non-fraud related chargeback issues; and PSD2 Optimize that helps merchants avoid bank authorization failures and abandoned shopping carts.