Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 39,412 Shares of Riskified Ltd. (NYSE:RSKD)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Riskified Ltd. (NYSE:RSKD) by 89.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,369 shares of the company’s stock after purchasing an additional 39,412 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Riskified were worth $394,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Jennison Associates LLC grew its holdings in Riskified by 0.3% during 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 period. Harvey Partners LLC boosted its stake in shares of Riskified by 9.7% during the 3rd quarter. Harvey Partners LLC now owns 3,227,500 shares of the company’s stock worth $15,266,000 after acquiring an additional 286,500 shares during the period. Clearline Capital LP increased its holdings in shares of Riskified by 10.3% during the 3rd quarter. Clearline Capital LP now owns 1,853,922 shares of the company’s stock worth $8,769,000 after acquiring an additional 173,694 shares during the last quarter. JPMorgan Chase & Co. raised its stake 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 acquiring an additional 15,250 shares during the period. Finally, State Street Corp boosted its position in Riskified by 0.9% during the third quarter. State Street Corp now owns 745,593 shares of the company’s stock worth $3,527,000 after purchasing an additional 6,927 shares during the period. Institutional investors own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on RSKD shares. DA Davidson upgraded shares of Riskified from a “neutral” rating to a “buy” rating and raised their target price for the stock from $5.00 to $7.00 in a research note on Monday, March 3rd. JPMorgan Chase & Co. cut their price objective on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $7.00 target price on shares of Riskified in a research report on Monday, March 17th. Finally, The Goldman Sachs Group increased their target price on Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a research note on Thursday, March 6th. One research 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 presently has an average rating of “Hold” and a consensus price target of $5.78.

Riskified Trading Up 1.4 %

Shares of RSKD opened at $4.77 on Friday. Riskified Ltd. has a 12 month low of $4.14 and a 12 month high of $6.65. The firm’s 50 day moving average is $5.12 and its 200-day moving average is $4.83. The stock has a market capitalization of $768.16 million, a PE ratio of -23.82 and a beta of 1.37.

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.