Boothbay Fund Management LLC Has $1.93 Million Stock Position in Riskified Ltd. (NYSE:RSKD)

Boothbay Fund Management LLC trimmed its holdings in Riskified Ltd. (NYSE:RSKD - Free Report) by 46.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 407,069 shares of the company's stock after selling 351,808 shares during the period. Boothbay Fund Management LLC owned about 0.23% of Riskified worth $1,925,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Jennison Associates LLC grew its stake in Riskified by 0.3% during the 4th quarter. Jennison Associates LLC now owns 5,701,408 shares of the company's stock worth $26,968,000 after buying an additional 19,264 shares during the last quarter. Renaissance Technologies LLC grew its stake in Riskified by 2.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,181,400 shares of the company's stock worth $5,588,000 after buying an additional 26,200 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Riskified by 5.3% during 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. State Street Corp grew its stake in Riskified by 0.9% during the 3rd quarter. State Street Corp now owns 745,593 shares of the company's stock worth $3,527,000 after buying an additional 6,927 shares during the last quarter. Finally, Monimus Capital Management LP bought a new position in shares of Riskified in the fourth quarter worth $3,428,000. 58.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Riskified from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. DA Davidson dropped their target price on shares of Riskified from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Piper Sandler reiterated an "overweight" rating and issued a $7.00 target price on shares of Riskified in a report on Monday, March 17th. Finally, The Goldman Sachs Group boosted their target price on shares of Riskified from $4.00 to $4.50 and gave the stock a "sell" rating in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $5.66.

Riskified Stock Up 0.1 %

RSKD stock traded up $0.01 during trading on Thursday, hitting $4.60. The company had a trading volume of 469,362 shares, compared to its average volume of 641,251. The firm has a 50-day moving average price of $4.64 and a 200-day moving average price of $4.80. Riskified Ltd. has a 12 month low of $3.94 and a 12 month high of $6.65. The stock has a market cap 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.