Riskified Ltd. (NYSE:RSKD) Shares Sold by Olympiad Research LP

Olympiad Research LP cut its position in Riskified Ltd. (NYSE:RSKD) by 48.5% during the fourth quarter, HoldingsChannel reports. The firm owned 16,306 shares of the company’s stock after selling 15,361 shares during the quarter. Olympiad Research LP’s holdings in Riskified were worth $77,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Harvey Partners LLC boosted its holdings in Riskified by 9.7% in the third quarter. Harvey Partners LLC now owns 3,227,500 shares of the company’s stock valued at $15,266,000 after purchasing an additional 286,500 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Riskified by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 875,723 shares of the company’s stock worth $4,142,000 after buying an additional 15,250 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Riskified by 61.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 313,143 shares of the company’s stock valued at $1,481,000 after buying an additional 119,038 shares in the last quarter. State Street Corp grew its position in shares of Riskified by 0.9% in the 3rd quarter. State Street Corp now owns 745,593 shares of the company’s stock valued at $3,527,000 after buying an additional 6,927 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in Riskified by 11.2% during the 3rd quarter. Jennison Associates LLC now owns 5,682,144 shares of the company’s stock worth $26,877,000 after acquiring an additional 573,596 shares in the last quarter. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research note on Thursday, November 14th. Piper Sandler decreased their target price on Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group cut their price target on Riskified from $4.50 to $4.00 and set a “sell” rating on the stock in a research report on Monday, December 2nd. DA Davidson raised Riskified to a “hold” rating in a report on Thursday, November 14th. Finally, UBS Group cut their target price on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.72.

Riskified Trading Down 1.2 %

NYSE:RSKD opened at $5.28 on Tuesday. Riskified Ltd. has a 12-month low of $4.14 and a 12-month high of $6.64. The stock’s 50 day simple moving average is $5.10 and its 200-day simple moving average is $4.86. The firm has a market cap of $941.98 million, a P/E ratio of -26.42 and a beta of 1.38.

Riskified declared that its Board of Directors has approved a share buyback program on Wednesday, November 13th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to buy up to 9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

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.