ARK Investment Management LLC Increases Stock Holdings in Riskified Ltd. (NYSE:RSKD)

ARK Investment Management LLC increased its holdings in shares of Riskified Ltd. (NYSE:RSKD) by 22.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 394,517 shares of the company’s stock after buying an additional 71,499 shares during the quarter. ARK Investment Management LLC’s holdings in Riskified were worth $1,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of Riskified in the 3rd quarter valued at $120,000. Olympiad Research LP acquired a new stake in shares of Riskified in the third quarter valued at about $150,000. Y.D. More Investments Ltd raised its stake in shares of Riskified by 16.6% during the fourth quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company’s stock valued at $168,000 after purchasing an additional 5,081 shares during the period. Barclays PLC increased its stake in Riskified by 106.6% during the 3rd quarter. Barclays PLC now owns 39,174 shares of the company’s stock worth $186,000 after buying an additional 20,213 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Riskified by 107.7% during 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 last quarter. 58.98% of the stock is owned by institutional investors and hedge funds.

Riskified Stock Performance

Shares of RSKD opened at $5.18 on Thursday. The firm has a fifty day moving average of $5.12 and a 200-day moving average of $4.86. The company has a market cap of $923.46 million, a price-to-earnings ratio of -25.90 and a beta of 1.38. Riskified Ltd. has a 1 year low of $4.14 and a 1 year high of $6.64.

Riskified declared that its board has initiated a share repurchase plan on Wednesday, November 13th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to purchase up to 9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

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

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.