Millennium Management LLC Buys 483,975 Shares of Riskified Ltd. (NYSE:RSKD)

Millennium Management LLC lifted its position in Riskified Ltd. (NYSE:RSKD - Free Report) by 171.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 766,977 shares of the company's stock after purchasing an additional 483,975 shares during the quarter. Millennium Management LLC owned 0.43% of Riskified worth $3,628,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of RSKD. BNP Paribas Financial Markets purchased a new position in Riskified in the 4th quarter worth $456,000. Lazard Asset Management LLC bought a new position in Riskified during the 4th quarter worth approximately $38,000. Jane Street Group LLC increased its stake in shares of Riskified by 552.0% in the fourth quarter. Jane Street Group LLC now owns 80,684 shares of the company's stock worth $382,000 after buying an additional 68,309 shares during the period. Northern Trust Corp purchased a new position in shares of Riskified in the fourth quarter valued at about $655,000. Finally, Sei Investments Co. raised its stake in shares of Riskified by 16.2% during the fourth quarter. Sei Investments Co. now owns 94,545 shares of the company's stock valued at $447,000 after acquiring an additional 13,171 shares during the last quarter. Hedge funds and other institutional investors own 58.98% of the company's stock.

Analyst Ratings Changes

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

Riskified Stock Up 0.2%

NYSE:RSKD traded up $0.01 on Wednesday, hitting $5.09. The stock had a trading volume of 425,374 shares, compared to its average volume of 596,083. The stock has a market cap of $820.55 million, a price-to-earnings ratio of -25.45 and a beta of 1.36. The business's 50-day simple moving average is $4.69 and its two-hundred day simple moving average is $4.87. Riskified Ltd. has a 52-week low of $3.94 and a 52-week high of $6.65.

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

About Riskified

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.