272 Capital LP Sells 336,708 Shares of Riskified Ltd. (NYSE:RSKD)

272 Capital LP reduced its position in Riskified Ltd. (NYSE:RSKD - Free Report) by 31.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 717,401 shares of the company's stock after selling 336,708 shares during the period. Riskified makes up about 3.2% of 272 Capital LP's investment portfolio, making the stock its 8th biggest position. 272 Capital LP owned approximately 0.40% of Riskified worth $3,393,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RSKD. Jennison Associates LLC increased its stake in Riskified by 0.3% during the fourth quarter. Jennison Associates LLC now owns 5,701,408 shares of the company's stock worth $26,968,000 after acquiring an additional 19,264 shares during the last quarter. Renaissance Technologies LLC boosted its position in Riskified by 2.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,181,400 shares of the company's stock valued at $5,588,000 after acquiring an additional 26,200 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Riskified by 5.3% in the 4th quarter. JPMorgan Chase & Co. now owns 921,811 shares of the company's stock worth $4,360,000 after buying an additional 46,088 shares during the last quarter. Monimus Capital Management LP purchased a new stake in shares of Riskified during the 4th quarter valued at $3,428,000. Finally, ARK Investment Management LLC boosted its stake in Riskified by 22.1% in the 4th quarter. ARK Investment Management LLC now owns 394,517 shares of the company's stock worth $1,866,000 after purchasing an additional 71,499 shares in the last quarter. Hedge funds and other institutional investors own 58.98% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on RSKD shares. Piper Sandler restated an "overweight" rating and issued a $7.00 price objective on shares of Riskified in a research report on Monday, March 17th. DA Davidson lowered their price objective on Riskified from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group increased their price target on shares of Riskified from $4.00 to $4.50 and gave the company a "sell" rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. decreased their price target on Riskified from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Riskified has a consensus rating of "Hold" and an average price target of $5.66.

Riskified Price Performance

Shares of NYSE RSKD traded up $0.11 during midday trading on Wednesday, hitting $4.75. 86,521 shares of the company's stock were exchanged, compared to its average volume of 637,406. Riskified Ltd. has a twelve month low of $3.94 and a twelve month high of $6.65. The firm has a market cap of $764.94 million, a P/E ratio of -23.72 and a beta of 1.36. The stock's 50 day moving average price is $4.60 and its 200-day moving average price is $4.80.

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.