272 Capital LP Has $3.39 Million Stock Position in Riskified Ltd. (NYSE:RSKD)

272 Capital LP lowered its stake in shares of Riskified Ltd. (NYSE:RSKD) by 31.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 717,401 shares of the company’s stock after selling 336,708 shares during the quarter. Riskified makes up approximately 3.2% of 272 Capital LP’s portfolio, making the stock its 8th largest holding. 272 Capital LP’s holdings in Riskified were worth $3,393,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in Riskified during the fourth quarter valued at approximately $89,000. Teacher Retirement System of Texas lifted its holdings in shares of Riskified by 137.0% during the 4th quarter. Teacher Retirement System of Texas now owns 24,346 shares of the company’s stock valued at $115,000 after buying an additional 14,072 shares during the period. Y.D. More Investments Ltd boosted its stake 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 worth $168,000 after buying an additional 5,081 shares during the last quarter. Barclays PLC grew its holdings in shares of Riskified by 106.6% in the third quarter. Barclays PLC now owns 39,174 shares of the company’s stock worth $186,000 after acquiring an additional 20,213 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Riskified during the fourth quarter valued at $264,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Analyst Upgrades and Downgrades

RSKD has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price target on Riskified from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, March 10th. DA Davidson cut their target price on shares of Riskified from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Piper Sandler reiterated an “overweight” rating and issued a $7.00 price target on shares of Riskified in a research report on Monday, March 17th. Finally, The Goldman Sachs Group lifted their price target on shares of Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a research note on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.66.

Riskified Price Performance

Shares of RSKD stock opened at $4.60 on Friday. Riskified Ltd. has a one year low of $3.94 and a one year high of $6.65. The company’s fifty day moving average price is $4.63 and its 200-day moving average price is $4.80. The company has a market capitalization of $740.76 million, a price-to-earnings ratio of -22.97 and a beta of 1.36.

About Riskified

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.