Sirios Capital Management L P Lowers Stake in Riskified Ltd. (NYSE:RSKD)

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jennison Associates LLC raised its stake in shares of Riskified by 0.3% during the fourth quarter. Jennison Associates LLC now owns 5,701,408 shares of the company's stock valued at $26,968,000 after acquiring an additional 19,264 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Riskified by 2.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,181,400 shares of the company's stock worth $5,588,000 after purchasing an additional 26,200 shares during the period. JPMorgan Chase & Co. raised its position in Riskified by 5.3% during the 4th quarter. JPMorgan Chase & Co. now owns 921,811 shares of the company's stock valued at $4,360,000 after purchasing an additional 46,088 shares in the last quarter. State Street Corp lifted its holdings in shares of Riskified by 0.9% in the 3rd quarter. State Street Corp now owns 745,593 shares of the company's stock worth $3,527,000 after buying an additional 6,927 shares during the period. Finally, Monimus Capital Management LP bought a new position in shares of Riskified during the 4th quarter worth $3,428,000. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RSKD has been the subject of a number of research reports. The Goldman Sachs Group upped 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. DA Davidson dropped their price objective on shares of Riskified from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Piper Sandler reissued an "overweight" rating and issued a $7.00 price target on shares of Riskified in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. reduced their price target on Riskified from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. One 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $5.66.

Riskified Price Performance

NYSE:RSKD traded down $0.02 during trading hours on Friday, reaching $4.66. The company had a trading volume of 271,769 shares, compared to its average volume of 642,276. The firm has a market cap of $751.23 million, a PE ratio of -23.30 and a beta of 1.36. Riskified Ltd. has a 1-year low of $3.94 and a 1-year high of $6.65. The business's 50 day moving average price is $4.70 and its 200-day moving average price is $4.79.

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.