According to the most recent filing that Riskified Ltd. made with the Securities and Exchange Commission during the third quarter of 2018, Bronte Capital Management Pty Ltd. increased the number of shares of stock that it owned in Riskified Ltd. (NYSE: RSKD). The organization bought 443,480 of its shares of stock at a total cost of approximately $1,747,000, all of which was covered by the corporation itself. Riskified accounts for approximately 0.2 percent of the entire portfolio and is the 26th most significant investment that Bronte Capital Management Pty Ltd. holds. Bronte Capital Management Pty Ltd. had 0.28% of its portfolio comprised of Riskified shares at the end of the previous quarter.
Several other hedge funds have recently implemented various changes to the proportion of the company’s shares that they own. During the second quarter of this year, Harel Insurance Investments & Financial Services Ltd. made a capital contribution to Riskified of $29,000. A new investment in Riskified was made by Envestnet Asset Management, Inc. during the first three months of 2018, at a total cost of $109,000. The California State Teachers Retirement System increased the amount of risky stock held by 11.3% over the first three months of 2018. The California State Teachers Retirement System now has 23,697 shares of the company’s stock, currently valued at $143,000, after purchasing an additional 2,403 shares during the period in question. During the first three months of 2018, the Swiss National Bank increased the proportion of its portfolio, composed of risky assets, by 24.1%. The Swiss National Bank now has 53,000 shares of the company’s stock, valued at $320,000, after purchasing an additional 10,300 shares during the period in question. This brings the total number of shares owned by the institution to 53,000. During the second quarter, UBS Group AG added 2.9% more risky shares to its portfolio, bringing the total percentage of risky shares it held to a new high. UBS Group AG made an additional purchase of 1,781 shares of the company’s stock during the relevant period. This brings the total number of shares they have acquired through purchases to 62,283, with an approximate current market value of $276,000. To the tune of 25.84% of the company’s stock, institutional investors and hedge funds collectively hold the company’s shares.
During trading on Wednesday, the price of a share of RSKD decreased by $0.02, bringing it to a new all-time low of $5.26. Compared to the typical volume of 290,055 shares, only 12,357 were traded today. The current values of the moving average for the company over the past 50 days and the last 200 days are $4.99 and $4.70, respectively. During the last year, Riskified Ltd. experienced an all-time low of $3.43 and an all-time high of $7.74. The stock has a price-to-earnings ratio of -7.65, a beta value of 0.92, and a market capitalization currently at $862.46 million.
On November 9, the most recent financial results for Riskified (NYSE: RSKD) were made public for all to see. The company announced earnings for the quarter of $0.14 per share, which is $0.07 higher than the consensus estimate of $0.21 per share. The return on equity for Riskified came in at a negative 21.90%, and the company’s net margin was also negative, coming in at a negative 45.76%. The company announced revenue for the quarter that came in at $63.17 million, which was significantly higher than the consensus projection of $59.15 million. Sell-side analysts forecast Riskified Ltd. will incur a loss of 0.67 cents per share during the current fiscal year.
The company has been the subject of commentary from several stock analysts, each bringing a unique perspective. In response to the findings of a study presented at a conference on November 10, KeyCorp lowered their target price for Riskified from $6.00 to $5.00 and changed their rating for the company from “overweight” to “equal weight.” Barclays reported on November 16 that they had increased their target price