Allspring Global Investments Holdings LLC Increases Holdings in Riskified Ltd. (NYSE:RSKD)

Allspring Global Investments Holdings LLC raised its holdings in shares of Riskified Ltd. (NYSE:RSKDFree Report) by 37.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,052,944 shares of the company’s stock after purchasing an additional 286,603 shares during the period. Allspring Global Investments Holdings LLC owned 0.59% of Riskified worth $4,980,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RSKD. nVerses Capital LLC bought a new stake in shares of Riskified during the 2nd quarter valued at about $29,000. Covestor Ltd lifted its holdings in Riskified by 2,522.7% in the first quarter. Covestor Ltd now owns 7,842 shares of the company’s stock worth $43,000 after buying an additional 7,543 shares during the period. Valmark Advisers Inc. bought a new stake in Riskified during the 2nd quarter valued at approximately $104,000. Squarepoint Ops LLC purchased a new position in shares of Riskified during the 2nd quarter worth approximately $163,000. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of Riskified in the 2nd quarter worth approximately $208,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Riskified Price Performance

Riskified stock opened at $4.46 on Tuesday. Riskified Ltd. has a one year low of $3.54 and a one year high of $6.64. The business’s fifty day moving average is $4.69 and its 200 day moving average is $5.44. The stock has a market capitalization of $794.19 million, a PE ratio of -17.13 and a beta of 1.36.

Riskified (NYSE:RSKDGet Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. Riskified had a negative net margin of 14.57% and a negative return on equity of 8.33%. The firm had revenue of $78.73 million for the quarter, compared to the consensus estimate of $78.33 million. As a group, sell-side analysts expect that Riskified Ltd. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RSKD. Piper Sandler dropped their target price on shares of Riskified from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Truist Financial dropped their target price on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. JPMorgan Chase & Co. raised their price target on Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. DA Davidson raised Riskified to a “hold” rating in a research report on Wednesday, September 11th. Finally, Barclays cut 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 investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Riskified currently has an average rating of “Hold” and a consensus target price of $6.03.

View Our Latest Stock Report on RSKD

Riskified Company 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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