Riskified Ltd. (NYSE:RSKD) Shares Purchased by Jennison Associates LLC

Jennison Associates LLC boosted its stake in shares of Riskified Ltd. (NYSE:RSKD) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,701,408 shares of the company’s stock after buying an additional 19,264 shares during the period. Jennison Associates LLC owned 3.20% of Riskified worth $26,968,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Harvey Partners LLC boosted its position in shares of Riskified by 9.7% during the 3rd quarter. Harvey Partners LLC now owns 3,227,500 shares of the company’s stock valued at $15,266,000 after acquiring an additional 286,500 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Riskified by 61.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 313,143 shares of the company’s stock valued at $1,481,000 after buying an additional 119,038 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Riskified by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 875,723 shares of the company’s stock worth $4,142,000 after buying an additional 15,250 shares during the last quarter. State Street Corp raised its position in shares of Riskified by 0.9% during the 3rd quarter. State Street Corp now owns 745,593 shares of the company’s stock valued at $3,527,000 after buying an additional 6,927 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Riskified by 37.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,052,944 shares of the company’s stock valued at $4,980,000 after acquiring an additional 286,603 shares during the last quarter. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Riskified Stock Up 1.8 %

Shares of RSKD opened at $5.25 on Wednesday. The company has a market cap of $935.05 million, a P/E ratio of -26.22 and a beta of 1.38. Riskified Ltd. has a fifty-two week low of $4.14 and a fifty-two week high of $6.64. The firm’s 50 day moving average price is $4.91 and its 200 day moving average price is $4.90.

Riskified (NYSE:RSKD) last posted its quarterly earnings data 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 analyst estimates of $75.01 million. Riskified had a negative return on equity of 6.00% and a negative net margin of 10.72%. The company’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) earnings per share. Research analysts forecast that Riskified Ltd. will post -0.15 earnings per share for the current year.

Riskified declared that its Board of Directors has approved a share buyback program on Wednesday, November 13th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to purchase up to 9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

RSKD has been the topic of a number of research analyst reports. UBS Group reduced their target price on Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. The Goldman Sachs Group decreased their target price on shares of Riskified from $4.50 to $4.00 and set a “sell” rating on the stock in a research report on Monday, December 2nd. Keefe, Bruyette & Woods dropped their price target on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research report on Thursday, November 14th. DA Davidson upgraded shares of Riskified to a “hold” rating in a report on Thursday, November 14th. Finally, Piper Sandler dropped their target price on shares of Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. 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 company. According to MarketBeat, Riskified presently has a consensus rating of “Hold” and a consensus price target of $5.72.

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.