Bronte Capital Management Pty Ltd. Sells 2,951 Shares of Riskified Ltd. (NYSE:RSKD)

Bronte Capital Management Pty Ltd. lessened its holdings in Riskified Ltd. (NYSE:RSKD) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 510,154 shares of the company’s stock after selling 2,951 shares during the quarter. Riskified makes up approximately 0.2% of Bronte Capital Management Pty Ltd.’s investment portfolio, making the stock its 25th largest position. Bronte Capital Management Pty Ltd.’s holdings in Riskified were worth $2,388,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Rubric Capital Management LP bought a new position in Riskified in the 3rd quarter valued at $7,214,000. Swiss National Bank increased its stake in Riskified by 20.7% in the 3rd quarter. Swiss National Bank now owns 191,013 shares of the company’s stock worth $856,000 after acquiring an additional 32,700 shares during the last quarter. Barclays PLC raised its holdings in shares of Riskified by 29.3% in the 3rd quarter. Barclays PLC now owns 44,607 shares of the company’s stock valued at $200,000 after acquiring an additional 10,097 shares in the last quarter. Hamilton Lane Advisors LLC boosted its position in shares of Riskified by 83.3% during the 3rd quarter. Hamilton Lane Advisors LLC now owns 1,067,505 shares of the company’s stock valued at $4,782,000 after acquiring an additional 485,248 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Riskified by 78.6% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,826,923 shares of the company’s stock worth $16,390,000 after purchasing an additional 1,684,202 shares in the last quarter. Institutional investors own 58.98% of the company’s stock.

Riskified Trading Down 3.1 %

NYSE:RSKD traded down $0.16 during midday trading on Thursday, hitting $5.04. 1,276,931 shares of the company traded hands, compared to its average volume of 557,671. The firm’s fifty day moving average is $5.16 and its 200-day moving average is $4.62. The firm has a market capitalization of $898.48 million, a P/E ratio of -14.97 and a beta of 1.31. Riskified Ltd. has a 12-month low of $3.48 and a 12-month high of $5.64.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Tuesday, March 5th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. The company had revenue of $84.07 million for the quarter, compared to the consensus estimate of $83.87 million. Riskified had a negative net margin of 19.84% and a negative return on equity of 11.04%. On average, research analysts expect that Riskified Ltd. will post -0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RSKD. Piper Sandler reissued an “overweight” rating and set a $7.00 price objective on shares of Riskified in a report on Friday, April 12th. Keefe, Bruyette & Woods initiated coverage on Riskified in a research note on Tuesday, April 9th. They issued a “market perform” rating and a $5.75 target price for the company. The Goldman Sachs Group boosted their price objective on Riskified from $4.50 to $5.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. Finally, DA Davidson restated a “neutral” rating and issued a $5.00 target price on shares of Riskified in a report on Wednesday, March 6th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.66.

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.