Quantbot Technologies LP Sells 3,768 Shares of Riskified Ltd. (NYSE:RSKD)

Quantbot Technologies LP lessened its holdings in Riskified Ltd. (NYSE:RSKD) by 14.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,532 shares of the company’s stock after selling 3,768 shares during the period. Quantbot Technologies LP’s holdings in Riskified were worth $102,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Monimus Capital Management LP purchased a new stake in Riskified during the 4th quarter valued at $3,428,000. Public Employees Retirement System of Ohio bought a new stake in shares of Riskified in the 3rd quarter worth about $1,438,000. Harvey Partners LLC grew its holdings in Riskified by 9.7% during the 3rd 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 last quarter. Clearline Capital LP raised its position in Riskified by 10.3% in the 3rd quarter. Clearline Capital LP now owns 1,853,922 shares of the company’s stock worth $8,769,000 after purchasing an additional 173,694 shares during the period. Finally, ARK Investment Management LLC lifted its stake in Riskified by 22.1% in the fourth quarter. ARK Investment Management LLC now owns 394,517 shares of the company’s stock worth $1,866,000 after purchasing an additional 71,499 shares during the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a research note on Thursday, March 6th. DA Davidson raised shares of Riskified from a “neutral” rating to a “buy” rating and raised their target price for the stock from $5.00 to $7.00 in a research report on Monday, March 3rd. JPMorgan Chase & Co. reduced their price objective on Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Finally, Piper Sandler reissued an “overweight” rating and set a $7.00 target price on shares of Riskified in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.78.

Riskified Stock Up 0.3 %

Shares of Riskified stock opened at $4.62 on Tuesday. The firm has a market capitalization of $743.98 million, a P/E ratio of -23.07 and a beta of 1.37. Riskified Ltd. has a 52 week low of $4.14 and a 52 week high of $6.65. The company has a 50 day moving average price of $5.10 and a 200 day moving average price of $4.83.

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.