Nano Cap New Millennium Growth Fund L P acquired a new stake in Riskified Ltd. (NYSE:RSKD – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund acquired 205,000 shares of the company’s stock, valued at approximately $1,019,000.
Other large investors also recently made changes to their positions in the company. Harvey Partners LLC lifted its position in shares of Riskified by 20.4% during the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after purchasing an additional 523,855 shares in the last quarter. Clearline Capital LP lifted its position in shares of Riskified by 23.8% during the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after purchasing an additional 597,765 shares in the last quarter. TFJ Management LLC lifted its position in shares of Riskified by 31.7% during the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock valued at $6,524,000 after purchasing an additional 335,399 shares in the last quarter. ARK Investment Management LLC lifted its position in shares of Riskified by 1.2% during the third quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock valued at $1,724,000 after purchasing an additional 4,248 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in shares of Riskified during the third quarter valued at about $85,000. 58.98% of the stock is owned by institutional investors.
Insider Transactions at Riskified
In related news, CTO Assaf Feldman sold 32,590 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $4.68, for a total transaction of $152,521.20. Following the completion of the sale, the chief technology officer owned 2,163,125 shares in the company, valued at approximately $10,123,425. This trade represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.40% of the company’s stock.
Riskified Stock Performance
Riskified (NYSE:RSKD – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. The business had revenue of $88.27 million during the quarter, compared to the consensus estimate of $87.72 million.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on RSKD. Truist Financial dropped their price target on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Wall Street Zen raised shares of Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, March 15th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.96.
Read Our Latest Analysis on Riskified
About Riskified
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.
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