Globeflex Capital L P Invests $736,000 in Riskified Ltd. $RSKD

Globeflex Capital L P acquired a new position in Riskified Ltd. (NYSE:RSKD) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 148,043 shares of the company’s stock, valued at approximately $736,000. Globeflex Capital L P owned 0.09% of Riskified at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harvey Partners LLC grew its position in Riskified by 20.4% during the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after buying an additional 523,855 shares during the period. Clearline Capital LP grew its position in Riskified by 23.8% during the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after buying an additional 597,765 shares during the period. TFJ Management LLC grew its position in Riskified by 31.7% during the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock valued at $6,524,000 after buying an additional 335,399 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new stake in Riskified during the fourth quarter valued at $1,019,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Riskified by 48.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,492 shares of the company’s stock valued at $306,000 after buying an additional 20,163 shares during the period. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Stock Up 0.3%

RSKD opened at $4.82 on Friday. The company has a market cap of $713.34 million, a price-to-earnings ratio of -43.77 and a beta of 1.40. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $5.68. The firm’s fifty day simple moving average is $4.48 and its two-hundred day simple moving average is $4.58.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $88.27 million for the quarter, compared to the consensus estimate of $87.72 million. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. On average, research analysts forecast that Riskified Ltd. will post -0.01 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on RSKD shares. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Truist Financial dropped their price target on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Riskified has an average rating of “Hold” and a consensus target price of $5.96.

Insider Buying and Selling at Riskified

In other Riskified news, CTO Assaf Feldman sold 32,590 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $4.68, for a total transaction of $152,521.20. Following the transaction, the chief technology officer directly owned 2,163,125 shares of the company’s stock, valued at $10,123,425. This trade represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erez Shachar sold 65,169 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $4.80, for a total transaction of $312,811.20. Following the transaction, the director directly owned 5,093,446 shares in the company, valued at approximately $24,448,540.80. The trade was a 1.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 204,033 shares of company stock worth $976,582. Insiders own 17.40% of the company’s stock.

Riskified 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.