Invenomic Capital Management LP Increases Position in Riskified Ltd. (NYSE:RSKD)

Invenomic Capital Management LP boosted its holdings in shares of Riskified Ltd. (NYSE:RSKD) by 14.0% in the 4th quarter, Holdings Channel reports. The fund owned 880,786 shares of the company’s stock after acquiring an additional 108,266 shares during the quarter. Invenomic Capital Management LP’s holdings in Riskified were worth $4,166,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of Riskified by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 875,723 shares of the company’s stock worth $4,142,000 after purchasing an additional 15,250 shares during the period. Barclays PLC raised 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 valued at $186,000 after purchasing an additional 20,213 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Riskified by 16.2% in the 4th quarter. Sei Investments Co. now owns 94,545 shares of the company’s stock valued at $447,000 after purchasing an additional 13,171 shares in the last quarter. Monimus Capital Management LP acquired a new stake in shares of Riskified in the 4th quarter valued at $3,428,000. Finally, ARK Investment Management LLC raised its holdings in shares of Riskified by 22.1% in 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. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Riskified Price Performance

Shares of NYSE RSKD opened at $4.81 on Monday. Riskified Ltd. has a 52 week low of $3.94 and a 52 week high of $6.65. The firm has a 50-day moving average price of $4.58 and a 200 day moving average price of $4.81. The stock has a market capitalization of $775.42 million, a price-to-earnings ratio of -24.05 and a beta of 1.36.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RSKD shares. JPMorgan Chase & Co. cut their price target on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. Piper Sandler reiterated an “overweight” rating and set a $7.00 price target on shares of Riskified in a research note 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 research note on Monday, April 14th. Finally, The Goldman Sachs Group raised their price objective 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. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.66.

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.