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.
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.
Check Out Our Latest Stock Report on Riskified
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
(
Free Report)
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.
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