Riskified Ltd. (NYSE:RSKD) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its stake 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 SEC. 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cubist Systematic Strategies LLC acquired a new position in shares of Riskified during the fourth quarter worth about $74,000. Balyasny Asset Management L.P. grew its position in shares of Riskified by 48.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 54,083 shares of the company's stock worth $256,000 after buying an additional 17,626 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of Riskified during the fourth quarter worth about $56,000. BNP Paribas Financial Markets acquired a new position in shares of Riskified during the fourth quarter worth about $456,000. Finally, Jane Street Group LLC grew its position in shares of Riskified by 552.0% during 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 in the last quarter. 58.98% of the stock is owned by institutional investors and hedge funds.

Riskified Price Performance

NYSE:RSKD traded up $0.02 during mid-day trading on Friday, reaching $5.02. The company's stock had a trading volume of 523,263 shares, compared to its average volume of 597,636. The company's fifty day simple moving average is $4.66 and its two-hundred day simple moving average is $4.86. Riskified Ltd. has a twelve month low of $3.94 and a twelve month high of $6.65. The stock has a market cap of $809.75 million, a P/E ratio of -25.11 and a beta of 1.36.

Riskified (NYSE:RSKD - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.03 earnings per share (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 firm had revenue of $82.39 million for the quarter, compared to analyst estimates of $79.23 million. During the same period last year, the company earned $0.04 EPS. The firm's quarterly revenue was up 7.9% on a year-over-year basis. Sell-side analysts expect that Riskified Ltd. will post -0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.