272 Capital LP Reduces Holdings in Riskified Ltd. (NYSE:RSKD)

272 Capital LP cut its holdings in Riskified Ltd. (NYSE:RSKD - Free Report) by 31.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 717,401 shares of the company's stock after selling 336,708 shares during the period. Riskified accounts for 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 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Tidal Investments LLC increased its stake in Riskified by 4.8% in the 3rd quarter. Tidal Investments LLC now owns 100,525 shares of the company's stock worth $475,000 after acquiring an additional 4,616 shares during the last quarter. Y.D. More Investments Ltd lifted its position in Riskified by 16.6% during the fourth quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company's stock valued at $168,000 after purchasing an additional 5,081 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Riskified by 5.7% in the 4th quarter. New York State Common Retirement Fund now owns 120,740 shares of the company's stock worth $571,000 after buying an additional 6,487 shares during the last quarter. Sei Investments Co. raised its position in shares of Riskified by 16.2% during the 4th quarter. Sei Investments Co. now owns 94,545 shares of the company's stock valued at $447,000 after buying an additional 13,171 shares in the last quarter. Finally, 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 worth $115,000 after acquiring an additional 14,072 shares during the last quarter. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. dropped 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 Riskified from $7.00 to $6.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Piper Sandler restated an "overweight" rating and issued a $7.00 price objective on shares of Riskified in a report on Monday, March 17th. Finally, The Goldman Sachs Group increased their target price on shares of Riskified from $4.00 to $4.50 and gave the company a "sell" rating in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $5.66.

Riskified Trading Up 0.1 %

Shares of RSKD stock traded up $0.01 during mid-day trading on Monday, reaching $4.66. The stock had a trading volume of 356,014 shares, compared to its average volume of 640,410. The stock's 50-day moving average price is $4.62 and its two-hundred day moving average price is $4.80. The firm has a market capitalization of $750.43 million, a PE ratio of -23.27 and a beta of 1.36. Riskified Ltd. has a 52-week low of $3.94 and a 52-week high of $6.65.

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.