Riskified Ltd. (NYSE:RSKD) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in shares of Riskified Ltd. (NYSE:RSKD) by 137.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,346 shares of the company’s stock after purchasing an additional 14,072 shares during the period. Teacher Retirement System of Texas’ holdings in Riskified were worth $115,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Monimus Capital Management LP acquired a new stake in shares of Riskified during the fourth quarter valued at about $3,428,000. Public Employees Retirement System of Ohio purchased a new position in Riskified in the third quarter valued at about $1,438,000. ARK Investment Management LLC grew its stake in Riskified by 22.1% during the 4th quarter. ARK Investment Management LLC now owns 394,517 shares of the company’s stock valued at $1,866,000 after purchasing an additional 71,499 shares in the last quarter. PDT Partners LLC increased its holdings in Riskified by 37.2% during the 3rd quarter. PDT Partners LLC now owns 97,317 shares of the company’s stock worth $460,000 after purchasing an additional 26,365 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Riskified in the 3rd quarter valued at approximately $120,000. 58.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RSKD shares. DA Davidson upgraded shares of Riskified from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $5.00 to $7.00 in a research note on Monday, March 3rd. The Goldman Sachs Group boosted 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. JPMorgan Chase & Co. reduced 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, Piper Sandler restated an “overweight” rating and set a $7.00 price objective on shares of Riskified in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.78.

Riskified Stock Up 1.3 %

Shares of RSKD stock opened at $4.75 on Thursday. The company has a market cap of $765.74 million, a P/E ratio of -23.75 and a beta of 1.37. The business has a 50 day moving average of $5.09 and a two-hundred day moving average of $4.83. Riskified Ltd. has a 52 week low of $4.14 and a 52 week high of $6.65.

About Riskified

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.