TFJ Management LLC Has $6.52 Million Stock Holdings in Riskified Ltd. $RSKD

TFJ Management LLC increased its holdings in Riskified Ltd. (NYSE:RSKD) by 31.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,394,074 shares of the company’s stock after purchasing an additional 335,399 shares during the quarter. Riskified makes up 4.4% of TFJ Management LLC’s investment portfolio, making the stock its 9th biggest holding. TFJ Management LLC owned approximately 0.86% of Riskified worth $6,524,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. ARK Investment Management LLC lifted its holdings in Riskified by 1.2% during the 3rd 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. California State Teachers Retirement System grew its position in shares of Riskified by 5.5% in the 2nd quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock valued at $464,000 after buying an additional 4,826 shares during the last quarter. Y.D. More Investments Ltd increased its stake in shares of Riskified by 20.4% in the second quarter. Y.D. More Investments Ltd now owns 39,789 shares of the company’s stock valued at $198,000 after buying an additional 6,743 shares during the period. Raymond James Financial Inc. bought a new position in shares of Riskified during the second quarter worth about $36,000. Finally, Orion Porfolio Solutions LLC bought a new position in shares of Riskified during the second quarter worth about $54,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on RSKD shares. JPMorgan Chase & Co. upgraded Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 target price on the stock in a report on Friday, November 14th. Wall Street Zen downgraded shares of Riskified from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research note on Monday, December 29th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.96.

Riskified Price Performance

Shares of Riskified stock opened at $4.18 on Friday. The stock’s 50-day moving average is $4.52 and its 200 day moving average is $4.69. Riskified Ltd. has a one year low of $3.94 and a one year high of $5.68. The firm has a market cap of $618.53 million, a price-to-earnings ratio of -24.56 and a beta of 1.33.

Riskified (NYSE:RSKD) last issued its earnings results on Wednesday, March 4th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $99.33 million during the quarter, compared to the consensus estimate of $97.21 million. Riskified had a negative return on equity of 5.63% and a negative net margin of 8.00%. On average, sell-side analysts expect that Riskified Ltd. will post -0.15 EPS for the current fiscal year.

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.