Jane Street Group LLC Buys 68,309 Shares of Riskified Ltd. (NYSE:RSKD)

Jane Street Group LLC raised its holdings in shares of Riskified Ltd. (NYSE:RSKD - Free Report) by 552.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,684 shares of the company's stock after acquiring an additional 68,309 shares during the quarter. Jane Street Group LLC's holdings in Riskified were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of RSKD. Jennison Associates LLC raised its stake in Riskified by 0.3% during the 4th quarter. Jennison Associates LLC now owns 5,701,408 shares of the company's stock worth $26,968,000 after acquiring an additional 19,264 shares during the period. Renaissance Technologies LLC raised its holdings in Riskified by 2.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,181,400 shares of the company's stock valued at $5,588,000 after acquiring an additional 26,200 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Riskified by 5.3% in the fourth quarter. JPMorgan Chase & Co. now owns 921,811 shares of the company's stock valued at $4,360,000 after acquiring an additional 46,088 shares in the last quarter. Monimus Capital Management LP bought a new position in shares of Riskified in the fourth quarter worth about $3,428,000. Finally, ARK Investment Management LLC grew its position in shares of Riskified by 22.1% during the fourth quarter. ARK Investment Management LLC now owns 394,517 shares of the company's stock worth $1,866,000 after purchasing an additional 71,499 shares in the last quarter. Institutional investors own 58.98% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on RSKD shares. DA Davidson upped their price target on Riskified from $6.00 to $6.50 and gave the stock a "buy" rating in a research note on Thursday, May 15th. The Goldman Sachs Group upped their target price on shares of Riskified from $4.00 to $4.50 and gave the stock a "sell" rating in a research report on Thursday, March 6th. UBS Group boosted their price target on shares of Riskified from $5.50 to $5.75 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods increased their price objective on shares of Riskified from $5.25 to $5.50 and gave the company a "market perform" rating in a report on Thursday, May 15th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $7.00 target price on shares of Riskified in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $6.03.

Riskified Stock Performance

Shares of NYSE:RSKD traded up $0.01 on Wednesday, reaching $5.09. The company's stock had a trading volume of 425,374 shares, compared to its average volume of 596,083. The company has a 50-day simple moving average of $4.69 and a 200 day simple moving average of $4.87. Riskified Ltd. has a 52-week low of $3.94 and a 52-week high of $6.65. The company has a market cap of $820.55 million, a P/E ratio of -25.45 and a beta of 1.36.

Riskified (NYSE:RSKD - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. The firm had revenue of $82.39 million during the quarter, compared to the consensus estimate of $79.23 million. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 EPS. On average, equities research analysts forecast that Riskified Ltd. will post -0.15 EPS for the current fiscal 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.