Clal Insurance Enterprises Holdings Ltd Has $20.24 Million Position in Riskified Ltd. (NYSE:RSKD)

Clal Insurance Enterprises Holdings Ltd decreased its position in Riskified Ltd. (NYSE:RSKD - Free Report) by 36.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,278,883 shares of the company's stock after selling 2,455,625 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned about 2.40% of Riskified worth $20,239,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in RSKD. Quantbot Technologies LP bought a new position in Riskified during the third quarter valued at about $120,000. Olympiad Research LP bought a new position in shares of Riskified in the 3rd quarter valued at approximately $150,000. Y.D. More Investments Ltd raised its stake in shares of Riskified by 16.6% in the 4th quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company's stock valued at $168,000 after acquiring an additional 5,081 shares in the last quarter. Barclays PLC lifted its holdings in Riskified by 106.6% in the 3rd quarter. Barclays PLC now owns 39,174 shares of the company's stock worth $186,000 after purchasing an additional 20,213 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in shares of Riskified by 107.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 67,686 shares of the company's stock valued at $320,000 after purchasing an additional 35,096 shares during the period. Institutional investors and hedge funds own 58.98% of the company's stock.

Riskified Trading Up 2.7 %

NYSE RSKD traded up $0.14 on Wednesday, reaching $5.20. The company's stock had a trading volume of 3,504,230 shares, compared to its average volume of 532,563. Riskified Ltd. has a 52 week low of $4.14 and a 52 week high of $6.64. The firm has a market cap of $926.14 million, a PE ratio of -25.97 and a beta of 1.38. The business has a 50-day moving average price of $5.15 and a 200 day moving average price of $4.85.

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Riskified declared that its board has approved a stock buyback program on Wednesday, November 13th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to reacquire up to 9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Riskified from $4.50 to $4.00 and set a "sell" rating for the company in a report on Monday, December 2nd. DA Davidson raised Riskified from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $5.00 to $7.00 in a research report on Monday. Piper Sandler lowered their price objective on shares of Riskified from $7.00 to $6.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. UBS Group cut their target price on shares of Riskified from $4.75 to $4.50 and set a "neutral" rating for the company in a research note on Thursday, November 14th. Finally, Keefe, Bruyette & Woods dropped their price objective 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $5.72.

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.