Public Employees Retirement System of Ohio Purchases Shares of 298,662 Riskified Ltd. $RSKD

Key Points

• Public Employees Retirement System of Ohio bought 298,662 Riskified shares worth approximately $1.5 million, joining other institutional investors that have increased their positions. Institutions and hedge funds now own 58.98% of the company.
• Riskified insiders sold 6.28 million shares worth $34.35 million over the past 90 days, including substantial sales by insider Assaf Feldman and director Erez Shachar under pre-arranged trading plans.
• Analyst sentiment remains mixed, with an average “Hold” rating and a $6.50 price target. Riskified reported quarterly revenue of $98.69 million, above expectations, and EPS of $0.02 in line with consensus.

Public Employees Retirement System of Ohio purchased a new stake in Riskified Ltd. (NYSE:RSKD - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 298,662 shares of the company's stock, valued at approximately $1,505,000. Public Employees Retirement System of Ohio owned 0.20% of Riskified as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of RSKD. Millennium Management LLC boosted its holdings in shares of Riskified by 335.3% during the 4th quarter. Millennium Management LLC now owns 795,441 shares of the company's stock worth $3,953,000 after buying an additional 612,719 shares during the period. Anson Funds Management LP raised its holdings in Riskified by 136.0% in the 4th quarter. Anson Funds Management LP now owns 633,746 shares of the company's stock worth $3,150,000 after acquiring an additional 365,254 shares during the period. Marshall Wace LLP bought a new position in Riskified in the 2nd quarter worth $1,453,000. Trexquant Investment LP lifted its position in Riskified by 298.2% during the 4th quarter. Trexquant Investment LP now owns 311,449 shares of the company's stock worth $1,548,000 after acquiring an additional 233,242 shares during the last quarter. Finally, Nano Cap New Millennium Growth Fund L P acquired a new position in Riskified during the 4th quarter worth $1,019,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Riskified

In other news, insider Assaf Feldman sold 450,000 shares of Riskified stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $6.01, for a total transaction of $2,704,500.00. Following the sale, the insider directly owned 1,417,371 shares in the company, valued at approximately $8,518,399.71. The trade was a 24.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erez Shachar sold 435,900 shares of Riskified stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $5.02, for a total transaction of $2,188,218.00. Following the sale, the director owned 2,193,976 shares in the company, valued at approximately $11,013,759.52. This trade represents a 16.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,284,642 shares of company stock valued at $34,346,294 over the last ninety days. 17.40% of the stock is owned by insiders.

Analysts Set New Price Targets

RSKD has been the topic of several research analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Riskified in a research report on Friday, August 14th. The Goldman Sachs Group boosted their price objective on Riskified from $4.75 to $5.50 and gave the stock a "sell" rating in a research report on Wednesday, August 12th. Keefe, Bruyette & Woods increased their target price on Riskified from $5.50 to $6.25 and gave the company a "market perform" rating in a research note on Thursday, August 13th. DA Davidson reaffirmed a "buy" rating and issued a $7.50 target price on shares of Riskified in a report on Monday, August 24th. Finally, Wall Street Zen raised Riskified from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 30th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Riskified currently has an average rating of "Hold" and an average price target of $6.50.

Riskified Stock Performance

RSKD opened at $6.51 on Tuesday. The stock's 50 day simple moving average is $5.60 and its 200-day simple moving average is $4.91. The stock has a market cap of $964.46 million, a PE ratio of -59.18 and a beta of 1.38. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $6.98.

Riskified (NYSE:RSKD - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $98.69 million during the quarter, compared to analysts' expectations of $89.18 million. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%. Equities analysts forecast that Riskified Ltd. will post -0.03 earnings per share for the current fiscal year.

About Riskified

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.