Quantbot Technologies LP Reduces Stock Position in Riskified Ltd. (NYSE:RSKD)

Quantbot Technologies LP trimmed its position in Riskified Ltd. (NYSE:RSKD) by 14.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,532 shares of the company’s stock after selling 3,768 shares during the quarter. Quantbot Technologies LP’s holdings in Riskified were worth $102,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harvey Partners LLC grew its position in Riskified by 9.7% during 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 period. JPMorgan Chase & Co. grew its holdings in Riskified by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 875,723 shares of the company’s stock worth $4,142,000 after acquiring an additional 15,250 shares during the period. State Street Corp raised its position in Riskified by 0.9% during the third quarter. State Street Corp now owns 745,593 shares of the company’s stock valued at $3,527,000 after acquiring an additional 6,927 shares in the last quarter. Barclays PLC lifted its holdings in Riskified by 106.6% in the third quarter. Barclays PLC now owns 39,174 shares of the company’s stock valued at $186,000 after acquiring an additional 20,213 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in Riskified in the 3rd quarter worth approximately $1,438,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Stock Up 0.3 %

RSKD opened at $4.62 on Tuesday. Riskified Ltd. has a twelve month low of $4.14 and a twelve month 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. The company has a market cap of $743.98 million, a PE ratio of -23.07 and a beta of 1.37.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Piper Sandler reiterated an “overweight” rating and issued a $7.00 target price on shares of Riskified in a research note on Monday, March 17th. DA Davidson upgraded shares of Riskified from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $5.00 to $7.00 in a research report on Monday, March 3rd. JPMorgan Chase & Co. dropped their target price on Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, March 10th. Finally, The Goldman Sachs Group upped their price target on Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.