Swiss National Bank Sells 11,400 Shares of Riskified Ltd. $RSKD

Swiss National Bank lowered its holdings in shares of Riskified Ltd. (NYSE:RSKD) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 168,313 shares of the company’s stock after selling 11,400 shares during the quarter. Swiss National Bank owned 0.10% of Riskified worth $778,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of RSKD. Lazard Asset Management LLC bought a new stake in shares of Riskified in the 4th quarter worth about $38,000. Group One Trading LLC lifted its holdings in shares of Riskified by 4,503.5% in the 4th quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock worth $41,000 after acquiring an additional 8,917 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of Riskified by 61.5% in the 4th quarter. Two Sigma Investments LP now owns 25,490 shares of the company’s stock worth $121,000 after acquiring an additional 9,711 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of Riskified in the 4th quarter worth about $56,000. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Riskified by 61.3% in the 1st quarter. Teacher Retirement System of Texas now owns 39,280 shares of the company’s stock worth $181,000 after acquiring an additional 14,934 shares during the last quarter. Institutional investors own 58.98% of the company’s stock.

Riskified Stock Performance

NYSE:RSKD opened at $4.56 on Wednesday. Riskified Ltd. has a one year low of $3.94 and a one year high of $5.99. The firm has a market cap of $735.76 million, a P/E ratio of -19.02 and a beta of 1.37. The firm has a 50-day simple moving average of $5.05 and a 200-day simple moving average of $4.93.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Monday, August 18th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). Riskified had a negative net margin of 11.70% and a negative return on equity of 8.27%. The business had revenue of $81.06 million during the quarter, compared to the consensus estimate of $80.17 million. During the same quarter in the prior year, the firm posted $0.04 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Riskified has set its FY 2025 guidance at EPS. On average, research analysts predict that Riskified Ltd. will post -0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. UBS Group lowered their target price on shares of Riskified from $5.75 to $5.00 and set a “neutral” rating for the company in a report on Tuesday, August 19th. Truist Financial raised their target price on shares of Riskified from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Riskified in a report on Wednesday, August 20th. Keefe, Bruyette & Woods reduced their price target on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a research note on Tuesday, August 19th. Finally, DA Davidson reduced their price target on shares of Riskified from $6.50 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Riskified currently has an average rating of “Hold” and a consensus price target of $5.82.

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.