Riskified Ltd. (NYSE:RSKD) Holdings Cut by Barclays PLC

Barclays PLC reduced its stake in shares of Riskified Ltd. (NYSE:RSKD) by 49.2% during the 4th quarter, HoldingsChannel reports. The fund owned 19,919 shares of the company’s stock after selling 19,255 shares during the period. Barclays PLC’s holdings in Riskified were worth $94,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. KLP Kapitalforvaltning AS purchased a new position in Riskified in the fourth quarter valued at about $89,000. Teacher Retirement System of Texas raised its position in Riskified by 137.0% during the fourth quarter. Teacher Retirement System of Texas now owns 24,346 shares of the company’s stock valued at $115,000 after acquiring an additional 14,072 shares in the last quarter. Y.D. More Investments Ltd raised its position in Riskified by 16.6% during the fourth quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company’s stock valued at $168,000 after acquiring an additional 5,081 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Riskified by 89.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 83,369 shares of the company’s stock valued at $394,000 after acquiring an additional 39,412 shares during the last quarter. Finally, Sei Investments Co. grew its position in Riskified by 16.2% in the fourth quarter. Sei Investments Co. now owns 94,545 shares of the company’s stock worth $447,000 after acquiring an additional 13,171 shares in the last quarter. 58.98% of the stock is owned by institutional investors and hedge funds.

Riskified Price Performance

RSKD stock opened at $5.32 on Thursday. The stock has a market capitalization of $857.63 million, a price-to-earnings ratio of -26.60 and a beta of 1.36. The company has a 50-day moving average of $4.58 and a two-hundred day moving average of $4.82. Riskified Ltd. has a 52-week low of $3.94 and a 52-week high of $6.65.

Analyst Upgrades and Downgrades

RSKD has been the topic of a number of recent research reports. 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 report on Monday, March 10th. DA Davidson cut their target price on Riskified from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, April 14th. 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 research note on Thursday, March 6th. Finally, Piper Sandler reissued an “overweight” rating and set a $7.00 price objective on shares of Riskified in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.66.

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.