Riskified Ltd. $RSKD Shares Acquired by Clearline Capital LP

Clearline Capital LP lifted its holdings in shares of Riskified Ltd. (NYSE:RSKD) by 23.8% during the third quarter, Holdings Channel.com reports. The fund owned 3,106,045 shares of the company’s stock after acquiring an additional 597,765 shares during the period. Clearline Capital LP’s holdings in Riskified were worth $14,536,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Harvey Partners LLC raised its position in shares of Riskified by 0.6% in the 2nd quarter. Harvey Partners LLC now owns 2,569,145 shares of the company’s stock valued at $12,820,000 after purchasing an additional 16,145 shares during the last quarter. TFJ Management LLC grew its position in Riskified by 31.7% during the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after purchasing an additional 335,399 shares during the last quarter. Monimus Capital Management LP grew its position in Riskified by 3.0% during the 2nd quarter. Monimus Capital Management LP now owns 979,938 shares of the company’s stock worth $4,890,000 after purchasing an additional 28,633 shares during the last quarter. Bronte Capital Management Pty Ltd. increased its stake in Riskified by 14.3% during the 2nd quarter. Bronte Capital Management Pty Ltd. now owns 531,929 shares of the company’s stock valued at $2,654,000 after purchasing an additional 66,548 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Riskified by 7.5% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 441,489 shares of the company’s stock valued at $2,203,000 after purchasing an additional 30,919 shares in the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RSKD. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a report on Monday, December 29th. Truist Financial dropped their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Finally, Wall Street Zen raised Riskified from a “hold” rating to a “buy” rating in a research report on Sunday. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.96.

Riskified Trading Up 1.3%

Shares of NYSE:RSKD opened at $4.18 on Friday. Riskified Ltd. has a twelve month low of $3.94 and a twelve month high of $5.68. The company’s 50 day moving average is $4.52 and its 200 day moving average is $4.69. The company has a market cap of $618.53 million, a PE ratio of -24.56 and a beta of 1.33.

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

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.