Clearline Capital LP Has $8.45 Million Stock Holdings in Riskified Ltd. (NYSE:RSKD)

Clearline Capital LP reduced its position in Riskified Ltd. (NYSE:RSKD - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,787,331 shares of the company's stock after selling 66,591 shares during the period. Clearline Capital LP owned about 1.00% of Riskified worth $8,454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Monimus Capital Management LP acquired a new position in Riskified during the 4th quarter worth $3,428,000. Marshall Wace LLP bought a new stake in shares of Riskified in the 4th quarter valued at approximately $823,000. ExodusPoint Capital Management LP raised its stake in Riskified by 363.8% during the fourth quarter. ExodusPoint Capital Management LP now owns 200,991 shares of the company's stock worth $951,000 after acquiring an additional 157,657 shares in the last quarter. Northern Trust Corp bought a new position in Riskified during the 4th quarter valued at about $655,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Riskified in the fourth quarter valued at approximately $456,000. Institutional investors own 58.98% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Riskified from $4.00 to $4.50 and gave the stock a "sell" rating in a research report on Thursday, March 6th. Piper Sandler reaffirmed an "overweight" rating and set a $7.00 price objective on shares of Riskified in a research note on Monday, March 17th. JPMorgan Chase & Co. lowered their target price on shares of Riskified from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. Finally, DA Davidson dropped their price target on Riskified from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Riskified presently has a consensus rating of "Hold" and an average price target of $5.66.

Riskified Price Performance

Shares of NYSE RSKD remained flat at $4.81 during mid-day trading on Friday. The stock had a trading volume of 223,388 shares, compared to its average volume of 632,788. The company has a 50 day moving average price of $4.58 and a 200-day moving average price of $4.81. Riskified Ltd. has a 12 month low of $3.94 and a 12 month high of $6.65. The company has a market cap of $775.42 million, a P/E ratio of -24.05 and a beta of 1.36.

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.