Trexquant Investment LP Boosts Holdings in Riskified Ltd. (NYSE:RSKD)

Trexquant Investment LP boosted its position in Riskified Ltd. (NYSE:RSKD) by 29.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 322,672 shares of the company’s stock after buying an additional 73,769 shares during the period. Trexquant Investment LP owned approximately 0.18% of Riskified worth $1,526,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Riskified by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 875,723 shares of the company’s stock valued at $4,142,000 after buying an additional 15,250 shares during the last quarter. State Street Corp grew its position in Riskified by 0.9% in the 3rd 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 grew 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 buying an additional 20,213 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Riskified in the 3rd quarter valued at $1,438,000. Finally, Monimus Capital Management LP purchased a new position in Riskified in the 4th quarter valued at $3,428,000. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RSKD has been the topic of several research analyst reports. Piper Sandler restated an “overweight” rating and set a $7.00 target price on shares of Riskified in a research report on Monday, March 17th. JPMorgan Chase & Co. decreased their target price on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, March 10th. The Goldman Sachs Group boosted their target price 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. Finally, DA Davidson upgraded shares of Riskified from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $5.00 to $7.00 in a research report on Monday, March 3rd. One equities research 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 MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.78.

Riskified Trading Up 10.3 %

Shares of NYSE RSKD opened at $4.50 on Thursday. The stock has a market cap of $725.44 million, a price-to-earnings ratio of -22.50 and a beta of 1.36. Riskified Ltd. has a 52 week low of $3.94 and a 52 week high of $6.65. The company’s 50-day moving average price is $4.97 and its 200 day moving average price is $4.81.

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.