Globeflex Capital L P purchased a new position in Riskified Ltd. (NYSE:RSKD – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 148,043 shares of the company’s stock, valued at approximately $736,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Clearline Capital LP lifted 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 in the last quarter. Harvey Partners LLC lifted its stake in shares of Riskified by 20.4% in the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock worth $14,475,000 after buying an additional 523,855 shares in the last quarter. TFJ Management LLC lifted its stake in shares of Riskified by 31.7% in the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after buying an additional 335,399 shares in the last quarter. Monimus Capital Management LP lifted its stake in shares of Riskified by 3.0% in the second quarter. Monimus Capital Management LP now owns 979,938 shares of the company’s stock worth $4,890,000 after buying an additional 28,633 shares in the last quarter. Finally, ARK Investment Management LLC lifted its stake in shares of Riskified by 1.2% in the third quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock worth $1,724,000 after buying an additional 4,248 shares in the last quarter. 58.98% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
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 directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erez Shachar sold 65,169 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $4.80, for a total transaction of $312,811.20. Following the sale, the director owned 5,093,446 shares of the company’s stock, valued at approximately $24,448,540.80. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 204,033 shares of company stock valued at $976,582. 17.40% of the stock is owned by company insiders.
Analyst Ratings Changes
View Our Latest Research Report on Riskified
Riskified Trading Up 0.3%
Riskified stock opened at $4.82 on Friday. Riskified Ltd. has a 12-month low of $3.70 and a 12-month high of $5.68. The stock has a market cap of $713.34 million, a P/E ratio of -43.77 and a beta of 1.40. The company has a 50-day moving average price of $4.48 and a 200 day moving average price of $4.58.
Riskified (NYSE:RSKD – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $88.27 million during the quarter, compared to analysts’ expectations of $87.72 million. As a group, analysts forecast that Riskified Ltd. will post -0.01 EPS for the current year.
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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