Toronado Partners LLC Reduces Stock Holdings in Riskified Ltd. (NYSE:RSKD)

Toronado Partners LLC lowered its stake in Riskified Ltd. (NYSE:RSKD - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,528,103 shares of the company's stock after selling 63,475 shares during the quarter. Riskified makes up 4.6% of Toronado Partners LLC's investment portfolio, making the stock its 11th largest position. Toronado Partners LLC owned about 0.86% of Riskified worth $7,228,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Riskified in the 4th quarter valued at about $89,000. Teacher Retirement System of Texas grew its stake in Riskified by 137.0% in the 4th quarter. Teacher Retirement System of Texas now owns 24,346 shares of the company's stock worth $115,000 after buying an additional 14,072 shares in the last quarter. Y.D. More Investments Ltd grew its stake in Riskified by 16.6% in the 4th quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company's stock worth $168,000 after buying an additional 5,081 shares in the last quarter. Barclays PLC increased its holdings 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 buying an additional 20,213 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Riskified by 89.7% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 83,369 shares of the company's stock valued at $394,000 after buying an additional 39,412 shares in the last quarter. Hedge funds and other institutional investors own 58.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RSKD. Piper Sandler restated an "overweight" rating and set a $7.00 price target on shares of Riskified in a research report on Monday, March 17th. DA Davidson cut their price target on shares of Riskified from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Monday. The Goldman Sachs Group raised their target price 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. Finally, JPMorgan Chase & Co. dropped their target price on shares of Riskified from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Riskified currently has a consensus rating of "Hold" and an average price target of $5.66.

Riskified Stock Up 1.5 %

NYSE:RSKD traded up $0.07 during mid-day trading on Thursday, hitting $4.50. 161,635 shares of the company traded hands, compared to its average volume of 646,067. Riskified Ltd. has a one year low of $3.94 and a one year high of $6.65. The firm has a market cap of $724.63 million, a price-to-earnings ratio of -22.52 and a beta of 1.36. The stock's fifty day moving average price is $4.88 and its 200-day moving average price is $4.79.

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.