Jennison Associates LLC Has $2.75 Million Stock Holdings in Riskified Ltd. $RSKD

Jennison Associates LLC decreased its holdings in Riskified Ltd. (NYSE:RSKD) by 84.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 702,906 shares of the company’s stock after selling 3,892,121 shares during the period. Jennison Associates LLC’s holdings in Riskified were worth $2,755,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Nuveen LLC lifted its position in shares of Riskified by 3.3% during the 4th quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after buying an additional 47,464 shares during the last quarter. Monimus Capital Management LP grew its position in Riskified by 13.2% in the fourth quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock valued at $6,982,000 after acquiring an additional 164,302 shares during the last quarter. State Street Corp raised its stake in Riskified by 11.9% during the fourth quarter. State Street Corp now owns 866,456 shares of the company’s stock worth $4,306,000 after acquiring an additional 92,019 shares in the last quarter. Millennium Management LLC raised its stake in Riskified by 335.3% during the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock worth $3,953,000 after acquiring an additional 612,719 shares in the last quarter. Finally, Anson Funds Management LP lifted its holdings in shares of Riskified by 136.0% in the fourth quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock worth $3,150,000 after acquiring an additional 365,254 shares during the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Stock Down 2.6%

Shares of RSKD stock opened at $5.04 on Thursday. The firm has a market capitalization of $745.94 million, a P/E ratio of -45.77 and a beta of 1.38. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.65. The stock’s fifty day simple moving average is $4.96 and its 200 day simple moving average is $4.62.

Riskified (NYSE:RSKD) last posted its earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%.The firm had revenue of $88.27 million during the quarter, compared to the consensus estimate of $87.72 million. As a group, equities research analysts expect that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Insider Transactions at Riskified

In related news, CFO Aglika Dotcheva sold 19,200 shares of Riskified stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $5.20, for a total transaction of $99,840.00. Following the sale, the chief financial officer directly owned 1,690,874 shares in the company, valued at $8,792,544.80. This trade represents a 1.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Assaf Feldman sold 32,588 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $5.19, for a total transaction of $169,131.72. Following the sale, the chief technology officer directly owned 1,867,371 shares in the company, valued at $9,691,655.49. The trade was a 1.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 4,190,349 shares of company stock worth $20,979,040. Insiders own 17.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RSKD shares. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Keefe, Bruyette & Woods increased their price objective on shares of 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 issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Riskified has an average rating of “Hold” and an average target price of $6.00.

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.