Tocqueville Asset Management L.P. Reduces Position in Riskified Ltd. (NYSE:RSKD)

Tocqueville Asset Management L.P. decreased its position in Riskified Ltd. (NYSE:RSKD - Free Report) by 29.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 371,000 shares of the company's stock after selling 155,000 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 0.21% of Riskified worth $1,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Riskified by 76.0% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company's stock worth $31,854,000 after buying an additional 2,907,585 shares during the last quarter. Monimus Capital Management LP bought a new stake in Riskified in the fourth quarter worth $3,428,000. Jennison Associates LLC grew its stake in shares of 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 last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Riskified during the third quarter valued at $1,438,000. Finally, Harvey Partners LLC raised its position in shares of Riskified by 9.7% in the 3rd quarter. Harvey Partners LLC now owns 3,227,500 shares of the company's stock worth $15,266,000 after purchasing an additional 286,500 shares during the last quarter. Hedge funds and other institutional investors own 58.98% of the company's stock.

Riskified Price Performance

Riskified stock traded up $0.14 during mid-day trading on Monday, reaching $4.80. 508,432 shares of the stock traded hands, compared to its average volume of 645,057. Riskified Ltd. has a 12-month low of $4.14 and a 12-month high of $6.65. The business's 50-day moving average is $5.13 and its 200-day moving average is $4.83. The stock has a market capitalization of $773.00 million, a PE ratio of -23.97 and a beta of 1.37.

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Analyst Ratings Changes

A number of research firms have weighed in on RSKD. DA Davidson upgraded shares of Riskified from a "neutral" rating to a "buy" rating and raised their price objective for the company from $5.00 to $7.00 in a research note on Monday, March 3rd. Piper Sandler reissued an "overweight" rating and set a $7.00 price target on shares of Riskified in a research report on Monday, March 17th. The Goldman Sachs Group upped their price objective on Riskified from $4.00 to $4.50 and gave the company a "sell" rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. reduced 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $5.78.

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.