Riskified Ltd. (NYSE:RSKD) Stock Holdings Lowered by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in shares of Riskified Ltd. (NYSE:RSKD) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 994,022 shares of the company’s stock after selling 58,922 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.56% of Riskified worth $4,702,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new stake in Riskified during the third quarter valued at about $120,000. Olympiad Research LP purchased a new stake in shares of Riskified in the 3rd quarter valued at approximately $150,000. Y.D. More Investments Ltd lifted its position in shares of Riskified by 16.6% in the 4th quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company’s stock valued at $168,000 after acquiring an additional 5,081 shares in the last quarter. Barclays PLC boosted its stake in Riskified by 106.6% in the 3rd quarter. Barclays PLC now owns 39,174 shares of the company’s stock worth $186,000 after purchasing an additional 20,213 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its position in Riskified by 107.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 67,686 shares of the company’s stock worth $320,000 after purchasing an additional 35,096 shares in the last quarter. 58.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. DA Davidson raised Riskified to a “hold” rating in a research report on Thursday, November 14th. Keefe, Bruyette & Woods decreased their price objective on Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research report on Thursday, November 14th. Piper Sandler lowered their target price on Riskified from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. UBS Group dropped their target price on Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Finally, The Goldman Sachs Group lowered their price objective 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.72.

Riskified Stock Performance

NYSE RSKD opened at $5.54 on Friday. The stock has a market capitalization of $986.72 million, a PE ratio of -27.67 and a beta of 1.38. The stock has a 50-day simple moving average of $5.08 and a 200 day simple moving average of $4.88. Riskified Ltd. has a twelve month low of $4.14 and a twelve month high of $6.64.

Riskified declared that its Board of Directors has initiated a share buyback program on Wednesday, November 13th that authorizes the company to buyback $75.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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.