PDT Partners LLC Sells 77,586 Shares of Riskified Ltd. (NYSE:RSKD)

PDT Partners LLC lessened its holdings in Riskified Ltd. (NYSE:RSKD - Free Report) by 79.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,731 shares of the company's stock after selling 77,586 shares during the quarter. PDT Partners LLC's holdings in Riskified were worth $93,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Riskified by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 875,723 shares of the company's stock valued at $4,142,000 after acquiring an additional 15,250 shares during the last quarter. Barclays PLC boosted its stake in shares of Riskified by 106.6% in the 3rd quarter. Barclays PLC now owns 39,174 shares of the company's stock valued at $186,000 after purchasing an additional 20,213 shares during the last quarter. Sei Investments Co. increased its position in shares of Riskified by 16.2% during the fourth quarter. Sei Investments Co. now owns 94,545 shares of the company's stock worth $447,000 after buying an additional 13,171 shares during the period. Monimus Capital Management LP bought a new position in Riskified during the fourth quarter worth $3,428,000. Finally, ARK Investment Management LLC lifted its holdings in Riskified by 22.1% in the fourth quarter. ARK Investment Management LLC now owns 394,517 shares of the company's stock valued at $1,866,000 after buying an additional 71,499 shares during the period. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Riskified Trading Up 2.2 %

NYSE RSKD traded up $0.10 during mid-day trading on Wednesday, hitting $4.74. The company's stock had a trading volume of 230,227 shares, compared to its average volume of 637,963. The firm has a market capitalization of $764.13 million, a price-to-earnings ratio of -23.70 and a beta of 1.36. The company's 50 day simple moving average is $4.60 and its 200 day simple moving average is $4.80. Riskified Ltd. has a twelve month low of $3.94 and a twelve month high of $6.65.

Wall Street Analysts Forecast Growth

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

Riskified Company 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.