Boothbay Fund Management LLC Sells 351,808 Shares of Riskified Ltd. (NYSE:RSKD)

Boothbay Fund Management LLC decreased its stake in Riskified Ltd. (NYSE:RSKD - Free Report) by 46.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 407,069 shares of the company's stock after selling 351,808 shares during the period. Boothbay Fund Management LLC owned 0.23% of Riskified worth $1,925,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp raised its position in shares of Riskified by 0.9% during the third quarter. State Street Corp now owns 745,593 shares of the company's stock worth $3,527,000 after purchasing an additional 6,927 shares during the period. Barclays PLC increased its position 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 buying an additional 20,213 shares during the period. Tidal Investments LLC lifted its stake in shares of Riskified by 4.8% in the third quarter. Tidal Investments LLC now owns 100,525 shares of the company's stock valued at $475,000 after buying an additional 4,616 shares during the period. JPMorgan Chase & Co. boosted its stake in Riskified by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 875,723 shares of the company's stock worth $4,142,000 after buying an additional 15,250 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Riskified by 0.3% in the 4th quarter. Jennison Associates LLC now owns 5,701,408 shares of the company's stock valued at $26,968,000 after buying an additional 19,264 shares in the last quarter. Institutional investors own 58.98% of the company's stock.

Riskified Stock Up 0.4 %

Shares of NYSE:RSKD traded up $0.02 on Friday, hitting $4.63. The company had a trading volume of 340,766 shares, compared to its average volume of 641,552. The firm has a market capitalization of $746.40 million, a price-to-earnings ratio of -23.15 and a beta of 1.36. The firm's 50-day simple moving average is $4.62 and its two-hundred day simple moving average is $4.80. Riskified Ltd. has a 1 year low of $3.94 and a 1 year high of $6.65.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RSKD shares. The Goldman Sachs Group boosted 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. JPMorgan Chase & Co. cut their price objective on Riskified from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. Piper Sandler reissued an "overweight" rating and set a $7.00 target price on shares of Riskified in a report on Monday, March 17th. Finally, DA Davidson reduced their price objective on shares of Riskified from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $5.66.

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.