ARK Investment Management LLC Trims Stock Holdings in Riskified Ltd. $RSKD

ARK Investment Management LLC lowered its position in Riskified Ltd. (NYSE:RSKD) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 364,062 shares of the company’s stock after selling 27,005 shares during the quarter. ARK Investment Management LLC’s holdings in Riskified were worth $1,817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of RSKD. Invesco Ltd. purchased a new stake in shares of Riskified during the first quarter worth approximately $51,000. MQS Management LLC purchased a new stake in shares of Riskified during the first quarter worth approximately $167,000. Teacher Retirement System of Texas raised its stake in shares of Riskified by 61.3% during the first quarter. Teacher Retirement System of Texas now owns 39,280 shares of the company’s stock worth $181,000 after purchasing an additional 14,934 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Riskified during the first quarter worth approximately $362,000. Finally, Russell Investments Group Ltd. grew its holdings in Riskified by 81.9% during the first quarter. Russell Investments Group Ltd. now owns 81,037 shares of the company’s stock worth $374,000 after acquiring an additional 36,478 shares during the period. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RSKD. Keefe, Bruyette & Woods lowered their target price on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a report on Tuesday, August 19th. UBS Group lowered their target price on Riskified from $5.75 to $5.00 and set a “neutral” rating on the stock in a report on Tuesday, August 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a report on Wednesday, October 8th. DA Davidson lowered their target price on Riskified from $6.50 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, August 19th. Finally, Wall Street Zen raised Riskified from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Riskified has an average rating of “Hold” and an average price target of $5.82.

Riskified Trading Up 0.1%

NYSE RSKD opened at $4.81 on Thursday. The business’s 50-day moving average price is $4.67 and its 200 day moving average price is $4.83. Riskified Ltd. has a twelve month low of $3.94 and a twelve month high of $5.99. The company has a market capitalization of $774.61 million, a PE ratio of -20.02 and a beta of 1.35.

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

Riskified 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.