Riskified Ltd. $RSKD Shares Bought by Harvey Partners LLC

Harvey Partners LLC grew its holdings in shares of Riskified Ltd. (NYSE:RSKD) by 20.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,093,000 shares of the company’s stock after acquiring an additional 523,855 shares during the period. Harvey Partners LLC’s holdings in Riskified were worth $14,475,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in RSKD. Clearline Capital LP increased its stake in shares of Riskified by 23.8% in the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock worth $14,536,000 after buying an additional 597,765 shares during the last quarter. TFJ Management LLC boosted its stake in Riskified by 31.7% during the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock valued at $6,524,000 after acquiring an additional 335,399 shares during the last quarter. Marshall Wace LLP bought a new position in Riskified during the 2nd quarter valued at $1,453,000. Caption Management LLC grew its holdings in Riskified by 159.9% during the 3rd quarter. Caption Management LLC now owns 59,940 shares of the company’s stock worth $281,000 after acquiring an additional 159,940 shares in the last quarter. Finally, Citadel Advisors LLC grew its holdings in Riskified by 601.7% during the 3rd quarter. Citadel Advisors LLC now owns 127,441 shares of the company’s stock worth $596,000 after acquiring an additional 152,841 shares in the last quarter. Institutional investors own 58.98% of the company’s stock.

Riskified Price Performance

Shares of RSKD opened at $4.18 on Monday. The business’s fifty day moving average price is $4.52 and its 200 day moving average price is $4.69. Riskified Ltd. has a 12-month low of $3.94 and a 12-month high of $5.68. The stock has a market capitalization of $618.53 million, a PE ratio of -24.56 and a beta of 1.32.

Riskified (NYSE:RSKD) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Riskified had a negative net margin of 8.00% and a negative return on equity of 5.63%. The firm had revenue of $99.33 million during the quarter, compared to the consensus estimate of $97.21 million. As a group, research analysts anticipate that Riskified Ltd. will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a research note on Monday, December 29th. Truist Financial decreased their price target on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Finally, Wall Street Zen raised Riskified from a “hold” rating to a “buy” rating in a report on Sunday. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.96.

Riskified Profile

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.