Sirios Capital Management L P Has $1.43 Million Holdings in Riskified Ltd. (NYSE:RSKD)

Sirios Capital Management L P lessened its holdings in shares of Riskified Ltd. (NYSE:RSKD - Free Report) by 35.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 302,189 shares of the company's stock after selling 169,098 shares during the quarter. Sirios Capital Management L P owned about 0.17% of Riskified worth $1,429,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. KLP Kapitalforvaltning AS bought a new stake in shares of Riskified in the 4th quarter worth $89,000. Teacher Retirement System of Texas raised its position in Riskified by 137.0% in the fourth quarter. Teacher Retirement System of Texas now owns 24,346 shares of the company's stock worth $115,000 after acquiring an additional 14,072 shares in the last quarter. Y.D. More Investments Ltd boosted its position in shares of Riskified by 16.6% during the 4th quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company's stock valued at $168,000 after purchasing an additional 5,081 shares in the last quarter. Barclays PLC grew 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 worth $186,000 after purchasing an additional 20,213 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Riskified by 89.7% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 83,369 shares of the company's stock valued at $394,000 after purchasing an additional 39,412 shares during the last quarter. 58.98% of the stock is owned by institutional investors and hedge funds.

Riskified Stock Performance

Shares of Riskified stock traded down $0.07 during midday trading on Monday, reaching $4.61. 173,984 shares of the company's stock traded hands, compared to its average volume of 641,390. The company has a market cap of $742.37 million, a price-to-earnings ratio of -23.02 and a beta of 1.36. Riskified Ltd. has a 52 week low of $3.94 and a 52 week high of $6.65. The company's 50 day simple moving average is $4.70 and its 200 day simple moving average is $4.80.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RSKD shares. 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. The Goldman Sachs Group raised their price objective 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. Piper Sandler reiterated an "overweight" rating and set a $7.00 price target on shares of Riskified in a report on Monday, March 17th. Finally, DA Davidson dropped their target price on Riskified from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Riskified presently has an average rating of "Hold" and a consensus price target of $5.66.

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.