Sirios Capital Management L P Sells 169,098 Shares of Riskified Ltd. (NYSE:RSKD)

Sirios Capital Management L P lowered its position in Riskified Ltd. (NYSE:RSKD) by 35.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 302,189 shares of the company’s stock after selling 169,098 shares during the period. Sirios Capital Management L P owned 0.17% of Riskified worth $1,429,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of 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 buying an additional 6,927 shares during the last quarter. Barclays PLC lifted its position in 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 acquiring an additional 20,213 shares in the last quarter. Tidal Investments LLC boosted its stake in Riskified by 4.8% during the 3rd quarter. Tidal Investments LLC now owns 100,525 shares of the company’s stock valued at $475,000 after purchasing an additional 4,616 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in 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 in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Riskified by 0.3% in the fourth quarter. Jennison Associates LLC now owns 5,701,408 shares of the company’s stock worth $26,968,000 after purchasing an additional 19,264 shares during the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on RSKD. JPMorgan Chase & Co. cut 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. 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. DA Davidson reduced their target price on shares of Riskified from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, The Goldman Sachs Group raised their price target on shares of Riskified from $4.00 to $4.50 and gave the company a “sell” rating in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $5.66.

Riskified Stock Performance

RSKD opened at $4.50 on Wednesday. Riskified Ltd. has a fifty-two week low of $3.94 and a fifty-two week high of $6.65. The firm has a 50-day moving average of $4.77 and a 200 day moving average of $4.79. The firm has a market cap of $725.44 million, a P/E ratio of -22.50 and a beta of 1.36.

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.