Swiss National Bank Sells 20,000 Shares of Riskified Ltd. (NYSE:RSKD)

Swiss National Bank lowered its position in Riskified Ltd. (NYSE:RSKDFree Report) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,013 shares of the company’s stock after selling 20,000 shares during the quarter. Swiss National Bank’s holdings in Riskified were worth $800,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of RSKD. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Riskified by 41.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,082 shares of the company’s stock valued at $122,000 after purchasing an additional 7,609 shares during the last quarter. Y.D. More Investments Ltd grew its position in shares of Riskified by 29.1% during the 4th quarter. Y.D. More Investments Ltd now owns 35,248 shares of the company’s stock valued at $152,000 after acquiring an additional 7,938 shares during the period. Barclays PLC lifted its stake in Riskified by 29.3% in the 3rd quarter. Barclays PLC now owns 44,607 shares of the company’s stock valued at $200,000 after buying an additional 10,097 shares in the last quarter. Citigroup Inc. lifted its stake in Riskified by 16.6% in the 3rd quarter. Citigroup Inc. now owns 74,249 shares of the company’s stock valued at $333,000 after buying an additional 10,588 shares in the last quarter. Finally, Johnson Investment Counsel Inc. purchased a new position in Riskified in the 3rd quarter worth approximately $76,000. Institutional investors own 58.98% of the company’s stock.

Riskified Price Performance

NYSE:RSKD opened at $6.09 on Friday. The firm has a market capitalization of $1.09 billion, a PE ratio of -19.65 and a beta of 1.31. The business’s fifty day moving average price is $5.42 and its 200 day moving average price is $4.85. Riskified Ltd. has a 12 month low of $3.48 and a 12 month high of $6.31.

Riskified (NYSE:RSKDGet Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. Riskified had a negative net margin of 17.28% and a negative return on equity of 9.55%. The company had revenue of $84.07 million during the quarter, compared to the consensus estimate of $83.87 million. As a group, equities analysts anticipate that Riskified Ltd. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on RSKD. Keefe, Bruyette & Woods lifted their price target on shares of Riskified from $5.75 to $6.00 and gave the company a “market perform” rating in a research report on Thursday, May 16th. DA Davidson boosted their price target on shares of Riskified from $5.00 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, May 16th. Truist Financial reaffirmed a “buy” rating and set a $8.00 price objective (up previously from $7.50) on shares of Riskified in a research report on Thursday, May 16th. The Goldman Sachs Group upped their price objective on Riskified from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. upped their price objective on Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.63.

Check Out Our Latest Analysis on Riskified

Riskified Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Riskified (NYSE:RSKD)

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