Nano Cap New Millennium Growth Fund L P Purchases Shares of 205,000 Riskified Ltd. $RSKD

Nano Cap New Millennium Growth Fund L P purchased a new stake in Riskified Ltd. (NYSE:RSKD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 205,000 shares of the company’s stock, valued at approximately $1,019,000. Nano Cap New Millennium Growth Fund L P owned 0.13% of Riskified as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harvey Partners LLC increased its position in Riskified by 20.4% in the 3rd quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after acquiring an additional 523,855 shares during the period. Clearline Capital LP increased its position in shares of Riskified by 23.8% during the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock worth $14,536,000 after buying an additional 597,765 shares during the period. TFJ Management LLC increased its position in shares of Riskified by 31.7% during the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after buying an additional 335,399 shares during the period. ARK Investment Management LLC increased its position in shares of Riskified by 1.2% during the third quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock worth $1,724,000 after buying an additional 4,248 shares during the period. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Riskified during the third quarter worth $85,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Riskified

In other Riskified news, CTO Assaf Feldman sold 32,590 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $4.68, for a total value of $152,521.20. Following the transaction, the chief technology officer directly owned 2,163,125 shares of the company’s stock, valued at approximately $10,123,425. This trade represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RSKD shares. Truist Financial decreased their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Wall Street Zen upgraded shares of Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, March 15th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Riskified has a consensus rating of “Hold” and an average target price of $5.96.

Riskified Stock Down 1.8%

Shares of NYSE RSKD opened at $4.80 on Friday. The firm has a market cap of $711.71 million, a PE ratio of -43.67 and a beta of 1.39. Riskified Ltd. has a 12-month low of $3.70 and a 12-month high of $5.68. The company’s fifty day simple moving average is $4.36 and its 200 day simple moving average is $4.58.

Riskified (NYSE:RSKD) last issued its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. The business had revenue of $88.27 million for the quarter, compared to analyst estimates of $87.72 million.

Riskified Company Profile

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.