Riskified Ltd. (NYSE:RSKD) Shares Sold by Olympiad Research LP

Olympiad Research LP lessened its stake in Riskified Ltd. (NYSE:RSKD) by 48.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,306 shares of the company’s stock after selling 15,361 shares during the quarter. Olympiad Research LP’s holdings in Riskified were worth $77,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RSKD. Quantbot Technologies LP acquired a new position in Riskified in the 3rd quarter valued at about $120,000. Y.D. More Investments Ltd raised its position in shares of 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 buying an additional 5,081 shares during the period. Barclays PLC lifted its holdings in Riskified by 106.6% in the third quarter. Barclays PLC now owns 39,174 shares of the company’s stock valued at $186,000 after acquiring an additional 20,213 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in Riskified by 107.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 67,686 shares of the company’s stock worth $320,000 after acquiring an additional 35,096 shares during the period. Finally, Josh Arnold Investment Consultant LLC acquired a new stake in Riskified during the third quarter worth $378,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Wall Street Analysts Forecast Growth

RSKD has been the topic of several recent analyst reports. Piper Sandler decreased their price target on Riskified from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group lowered their target price on shares of Riskified from $4.50 to $4.00 and set a “sell” rating for the company in a research note on Monday, December 2nd. DA Davidson raised shares of Riskified to a “hold” rating in a research note on Thursday, November 14th. UBS Group lowered their price objective on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Finally, Keefe, Bruyette & Woods cut their target price on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.72.

Riskified Stock Down 1.2 %

Riskified stock opened at $5.28 on Tuesday. Riskified Ltd. has a 52-week low of $4.14 and a 52-week high of $6.64. The firm has a market cap of $941.98 million, a PE ratio of -26.42 and a beta of 1.38. The company’s 50 day moving average is $5.10 and its two-hundred day moving average is $4.86.

Riskified declared that its board has initiated a share buyback plan on Wednesday, November 13th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.