Sei Investments Co. Buys 166,099 Shares of Riskified Ltd. $RSKD

Sei Investments Co. increased its position in shares of Riskified Ltd. (NYSE:RSKD) by 87.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 356,173 shares of the company’s stock after acquiring an additional 166,099 shares during the quarter. Sei Investments Co. owned about 0.24% of Riskified worth $1,396,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Globeflex Capital L P bought a new position in shares of Riskified during the fourth quarter worth $736,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Riskified in the 4th quarter valued at $1,019,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Riskified by 48.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,492 shares of the company’s stock valued at $306,000 after buying an additional 20,163 shares in the last quarter. R Squared Ltd acquired a new stake in Riskified during the 4th quarter worth $62,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in Riskified during the 4th quarter worth $180,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Stock Down 0.5%

Shares of RSKD opened at $5.29 on Wednesday. The stock has a market capitalization of $784.45 million, a P/E ratio of -48.14 and a beta of 1.38. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.49. The company has a 50 day moving average of $5.08 and a 200-day moving average of $4.66.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.05 EPS for the quarter, topping 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 business had revenue of $88.27 million for the quarter, compared to analyst estimates of $87.72 million. On average, sell-side analysts anticipate that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Keefe, Bruyette & Woods lifted their price objective on Riskified from $5.25 to $5.50 and gave the company a “market perform” rating in a report on Monday, July 13th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.00.

Insiders Place Their Bets

In other Riskified news, Director Erez Shachar sold 435,900 shares of Riskified stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $5.02, for a total value of $2,188,218.00. Following the sale, the director directly owned 2,193,976 shares in the company, valued at approximately $11,013,759.52. The trade was a 16.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Assaf Feldman sold 230,512 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $5.02, for a total transaction of $1,157,170.24. Following the sale, the chief technology officer directly owned 1,932,613 shares in the company, valued at $9,701,717.26. This trade represents a 10.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 4,277,654 shares of company stock valued at $21,445,013. 17.40% of the stock is owned by insiders.

Riskified Company Profile

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.