Cubist Systematic Strategies LLC Increases Position in Riskified Ltd. $RSKD

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in Riskified Ltd. by 767.7% during the first quarter, holding 136,287 shares valued at approximately $630,000.
• Several other institutional investors, including BNP Paribas and Jane Street Group LLC, also made notable investments in Riskified, highlighting a growing interest from the hedge fund community as a combined 58.98% of the stock is now held by institutions.
• Analysts have mixed views on Riskified, with a consensus rating of "Hold" and a target price averaging $5.82, while the company reported a (0.07) EPS for the latest quarter that missed expectations.

Cubist Systematic Strategies LLC lifted its position in Riskified Ltd. (NYSE:RSKD - Free Report) by 767.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 136,287 shares of the company's stock after purchasing an additional 120,581 shares during the period. Cubist Systematic Strategies LLC owned about 0.08% of Riskified worth $630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in shares of Riskified in the fourth quarter worth $456,000. Two Sigma Investments LP grew its stake in Riskified by 61.5% during the fourth quarter. Two Sigma Investments LP now owns 25,490 shares of the company's stock valued at $121,000 after acquiring an additional 9,711 shares in the last quarter. Jane Street Group LLC grew its stake in Riskified by 552.0% during the fourth quarter. Jane Street Group LLC now owns 80,684 shares of the company's stock valued at $382,000 after acquiring an additional 68,309 shares in the last quarter. Millennium Management LLC grew its stake in Riskified by 171.0% during the fourth quarter. Millennium Management LLC now owns 766,977 shares of the company's stock valued at $3,628,000 after acquiring an additional 483,975 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new position in Riskified during the fourth quarter valued at $140,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RSKD has been the subject of several research analyst reports. Piper Sandler cut their target price on shares of Riskified from $7.00 to $6.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. Keefe, Bruyette & Woods lowered 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 report on Tuesday, August 19th. DA Davidson lowered their price objective on shares of Riskified from $6.50 to $6.00 and set a "buy" rating for the company in a research report on Tuesday, August 19th. UBS Group lowered their target price on shares of Riskified from $5.75 to $5.00 and set a "neutral" rating for the company in a report on Tuesday, August 19th. Finally, Truist Financial lifted their price target on shares of Riskified from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $5.82.

Riskified Price Performance

Riskified stock opened at $4.77 on Wednesday. The stock has a market cap of $768.17 million, a price-to-earnings ratio of -19.85 and a beta of 1.36. Riskified Ltd. has a 1 year low of $3.94 and a 1 year high of $5.99. The firm has a 50-day moving average of $5.00 and a two-hundred day moving average of $4.86.

Riskified (NYSE:RSKD - Get Free Report) last released its quarterly earnings data on Monday, August 18th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). The company had revenue of $81.06 million during the quarter, compared to analysts' expectations of $80.17 million. Riskified had a negative net margin of 11.70% and a negative return on equity of 8.27%. Riskified's quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $0.04 earnings per share. Riskified has set its FY 2025 guidance at EPS. Research analysts expect that Riskified Ltd. will post -0.15 earnings per share for the current year.

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.

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