Monimus Capital Management LP Makes New $3.43 Million Investment in Riskified Ltd. (NYSE:RSKD)

Monimus Capital Management LP purchased a new stake in shares of Riskified Ltd. (NYSE:RSKD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 724,816 shares of the company's stock, valued at approximately $3,428,000. Riskified comprises approximately 3.2% of Monimus Capital Management LP's holdings, making the stock its 10th biggest position. Monimus Capital Management LP owned 0.41% of Riskified as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harvey Partners LLC lifted its position in Riskified by 9.7% during the third quarter. Harvey Partners LLC now owns 3,227,500 shares of the company's stock valued at $15,266,000 after purchasing an additional 286,500 shares during the period. JPMorgan Chase & Co. lifted its position in Riskified by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 875,723 shares of the company's stock valued at $4,142,000 after purchasing an additional 15,250 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in Riskified by 61.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 313,143 shares of the company's stock worth $1,481,000 after acquiring an additional 119,038 shares during the period. State Street Corp raised its position in Riskified by 0.9% in the third quarter. State Street Corp now owns 745,593 shares of the company's stock worth $3,527,000 after acquiring an additional 6,927 shares during the period. Finally, Jennison Associates LLC raised its position in Riskified by 11.2% in the third quarter. Jennison Associates LLC now owns 5,682,144 shares of the company's stock worth $26,877,000 after acquiring an additional 573,596 shares during the period. Institutional investors own 58.98% of the company's stock.

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Wall Street Analyst Weigh In

RSKD has been the topic of several recent research reports. The Goldman Sachs Group increased 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 increased their price target on shares of Riskified from $6.00 to $7.00 and gave the stock an "overweight" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. decreased 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. Finally, DA Davidson upgraded shares of Riskified from a "neutral" rating to a "buy" rating and increased their price target for the stock from $5.00 to $7.00 in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Riskified has a consensus rating of "Hold" and a consensus price target of $5.78.

Riskified Trading Down 0.1 %

RSKD traded down $0.01 during trading on Friday, hitting $4.52. 569,533 shares of the company traded hands, compared to its average volume of 644,294. The company has a market cap of $727.86 million, a PE ratio of -22.57 and a beta of 1.37. The stock's 50-day simple moving average is $5.14 and its two-hundred day simple moving average is $4.85. Riskified Ltd. has a 1 year low of $4.14 and a 1 year high of $6.65.

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.