Riskified Ltd. (NYSE:RSKD) Shares Acquired by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd boosted its stake in Riskified Ltd. (NYSE:RSKD) by 76.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,734,508 shares of the company’s stock after acquiring an additional 2,907,585 shares during the period. Clal Insurance Enterprises Holdings Ltd owned about 3.78% of Riskified worth $31,854,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Invenomic Capital Management LP boosted its position in shares of Riskified by 29.7% in the 1st quarter. Invenomic Capital Management LP now owns 763,203 shares of the company’s stock valued at $4,129,000 after purchasing an additional 174,953 shares during the period. Tidal Investments LLC acquired a new stake in shares of Riskified in the first quarter valued at approximately $547,000. Allspring Global Investments Holdings LLC grew its position in shares of Riskified by 37.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,052,944 shares of the company’s stock worth $4,980,000 after acquiring an additional 286,603 shares during the last quarter. Clearline Capital LP increased its holdings in shares of Riskified by 19.4% in the 2nd quarter. Clearline Capital LP now owns 1,680,228 shares of the company’s stock valued at $10,737,000 after acquiring an additional 272,760 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in Riskified in the 1st quarter valued at $219,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

Analyst Upgrades and Downgrades

RSKD has been the topic of a number of recent research reports. DA Davidson upgraded shares of Riskified to a “hold” rating in a research note on Thursday, November 14th. The Goldman Sachs Group reduced their price objective on Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a research note on Thursday, August 15th. Truist Financial lowered their target price on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. JPMorgan Chase & Co. upped their price target on Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Finally, Barclays lowered their price objective on shares of Riskified from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.91.

Riskified Stock Up 2.6 %

Shares of RSKD stock opened at $4.70 on Friday. The business’s fifty day moving average price is $4.56 and its 200 day moving average price is $5.36. Riskified Ltd. has a 1-year low of $3.97 and a 1-year high of $6.64.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $78.80 million for the quarter, compared to analysts’ expectations of $75.01 million. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.12) EPS. As a group, equities research analysts anticipate that Riskified Ltd. will post -0.15 EPS for the current year.

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.