Sei Investments Co. Has $1.40 Million Position in Riskified Ltd. $RSKD

Sei Investments Co. grew its position in Riskified Ltd. (NYSE:RSKD) by 87.4% in the first quarter, HoldingsChannel.com reports. The fund owned 356,173 shares of the company’s stock after buying an additional 166,099 shares during the period. Sei Investments Co.’s holdings in Riskified were worth $1,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Riskified in the 2nd quarter valued at about $36,000. Man Group plc bought a new position in Riskified during the fourth quarter worth about $50,000. Virtu Financial LLC acquired a new position in Riskified during the third quarter worth approximately $51,000. Invesco Ltd. bought a new stake in Riskified in the first quarter valued at approximately $51,000. Finally, T3 Companies LLC acquired a new stake in shares of Riskified in the fourth quarter valued at approximately $54,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RSKD has been the subject of several research analyst reports. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Keefe, Bruyette & Woods increased their price target on Riskified from $5.25 to $5.50 and gave the company a “market perform” rating in a research note on Monday, July 13th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Riskified presently has an average rating of “Hold” and an average target price of $6.00.

Insiders Place Their Bets

In other Riskified news, Director Erez Shachar sold 5,586 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $5.25, for a total value of $29,326.50. Following the completion of the sale, the director owned 1,168,795 shares of the company’s stock, valued at $6,136,173.75. The trade was a 0.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 4,277,654 shares of company stock valued at $21,445,013. 17.40% of the stock is owned by insiders.

Riskified Stock Performance

RSKD opened at $5.29 on Wednesday. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $5.49. The company has a market capitalization of $784.45 million, a P/E ratio of -48.14 and a beta of 1.38. The stock has a fifty day moving average of $5.08 and a 200-day moving average of $4.66.

Riskified (NYSE:RSKD) last announced its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. The company had revenue of $88.27 million during the quarter, compared to analysts’ expectations of $87.72 million. On average, equities research analysts predict that Riskified Ltd. will post -0.01 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.