D. E. Shaw & Co. Inc. Sells 62,768 Shares of Riskified Ltd. (NYSE:RSKD)

D. E. Shaw & Co. Inc. lessened its holdings in shares of Riskified Ltd. (NYSE:RSKD - Free Report) by 50.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,089 shares of the company's stock after selling 62,768 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Riskified were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bayesian Capital Management LP bought a new position in Riskified in the 4th quarter worth $56,000. Cubist Systematic Strategies LLC bought a new position in Riskified in the fourth quarter worth about $74,000. KLP Kapitalforvaltning AS bought a new position in Riskified in the fourth quarter worth about $89,000. Teacher Retirement System of Texas lifted its holdings in Riskified by 137.0% in the fourth quarter. Teacher Retirement System of Texas now owns 24,346 shares of the company's stock worth $115,000 after buying an additional 14,072 shares during the period. Finally, Y.D. More Investments Ltd boosted its position in Riskified by 16.6% during the 4th quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company's stock valued at $168,000 after acquiring an additional 5,081 shares in the last quarter. Hedge funds and other institutional investors own 58.98% of the company's stock.

Riskified Trading Up 0.5%

RSKD stock traded up $0.02 on Friday, hitting $5.02. The company had a trading volume of 523,263 shares, compared to its average volume of 601,230. Riskified Ltd. has a 12-month low of $3.94 and a 12-month high of $6.65. The stock has a market cap of $809.75 million, a price-to-earnings ratio of -25.11 and a beta of 1.36. The stock's 50-day simple moving average is $4.66 and its 200 day simple moving average is $4.85.

Riskified (NYSE:RSKD - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $82.39 million for the quarter, compared to analysts' expectations of $79.23 million. The company's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 EPS. Research analysts forecast that Riskified Ltd. will post -0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on RSKD shares. Truist Financial lifted their price target on Riskified from $7.00 to $8.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. UBS Group upped their target price on shares of Riskified from $5.50 to $5.75 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. decreased their price target on shares of Riskified from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. Keefe, Bruyette & Woods boosted their price objective on shares of Riskified from $5.25 to $5.50 and gave the stock a "market perform" rating in a research note on Thursday, May 15th. Finally, Piper Sandler restated an "overweight" rating and issued a $7.00 price objective on shares of Riskified in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Riskified presently has a consensus rating of "Hold" and a consensus target price of $6.03.

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.