KLP Kapitalforvaltning AS Buys New Position in Riskified Ltd. (NYSE:RSKD)

KLP Kapitalforvaltning AS purchased a new position in shares of Riskified Ltd. (NYSE:RSKD) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 18,800 shares of the company’s stock, valued at approximately $89,000.

Other institutional investors also recently added to or reduced their stakes in the company. Monimus Capital Management LP purchased a new position in shares of Riskified during the fourth quarter worth approximately $3,428,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Riskified in the third quarter valued at about $1,438,000. ARK Investment Management LLC boosted its stake in shares of Riskified by 22.1% during the fourth quarter. ARK Investment Management LLC now owns 394,517 shares of the company’s stock worth $1,866,000 after buying an additional 71,499 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Riskified by 89.7% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 83,369 shares of the company’s stock worth $394,000 after buying an additional 39,412 shares during the last quarter. Finally, Barclays PLC increased 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 during the period. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Stock Performance

Riskified stock opened at $4.27 on Friday. The company has a market cap of $687.56 million, a P/E ratio of -21.32 and a beta of 1.36. Riskified Ltd. has a one year low of $3.94 and a one year high of $6.65. The business has a fifty day moving average of $4.95 and a two-hundred day moving average of $4.80.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RSKD. DA Davidson upgraded Riskified from a “neutral” rating to a “buy” rating and lifted their target price for the company from $5.00 to $7.00 in a research note on Monday, March 3rd. The Goldman Sachs Group increased 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. JPMorgan Chase & Co. dropped their price objective 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. Finally, Piper Sandler restated an “overweight” rating and issued a $7.00 target price on shares of Riskified in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently 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.