Riskified Ltd. (NYSE:RSKD) Shares Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lifted its position in shares of Riskified Ltd. (NYSE:RSKD - Free Report) by 363.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,991 shares of the company's stock after buying an additional 157,657 shares during the period. ExodusPoint Capital Management LP owned about 0.11% of Riskified worth $951,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in RSKD. KLP Kapitalforvaltning AS purchased a new position in shares of Riskified during the fourth quarter valued at approximately $89,000. Teacher Retirement System of Texas increased its stake in Riskified by 137.0% during the 4th quarter. Teacher Retirement System of Texas now owns 24,346 shares of the company's stock valued at $115,000 after purchasing an additional 14,072 shares in the last quarter. Y.D. More Investments Ltd lifted its position in Riskified by 16.6% in the 4th quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company's stock valued at $168,000 after acquiring an additional 5,081 shares in the last quarter. Barclays PLC raised 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 last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Riskified by 89.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 83,369 shares of the company's stock worth $394,000 after purchasing an additional 39,412 shares during the last quarter. 58.98% of the stock is currently owned by institutional investors.

Riskified Trading Up 1.5 %

Shares of NYSE RSKD traded up $0.07 during midday trading on Wednesday, reaching $4.49. 55,116 shares of the company were exchanged, compared to its average volume of 542,137. Riskified Ltd. has a 1 year low of $3.94 and a 1 year high of $6.64. The stock has a fifty day simple moving average of $4.90 and a 200 day simple moving average of $4.80. The stock has a market cap of $723.02 million, a P/E ratio of -22.42 and a beta of 1.36.

Analyst Ratings Changes

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