Monimus Capital Management LP Invests $3.43 Million in Riskified Ltd. (NYSE:RSKD)

Monimus Capital Management LP bought a new position in Riskified Ltd. (NYSE:RSKD) during the fourth quarter, Holdings Channel.com reports. The firm bought 724,816 shares of the company’s stock, valued at approximately $3,428,000. Riskified makes up about 3.2% of Monimus Capital Management LP’s portfolio, making the stock its 10th biggest holding.

Other institutional investors have also bought and sold shares of the company. Harvey Partners LLC lifted its stake in Riskified by 9.7% in the third quarter. Harvey Partners LLC now owns 3,227,500 shares of the company’s stock valued at $15,266,000 after purchasing an additional 286,500 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Riskified by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 875,723 shares of the company’s stock valued at $4,142,000 after purchasing an additional 15,250 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Riskified by 61.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 313,143 shares of the company’s stock valued at $1,481,000 after purchasing an additional 119,038 shares during the last quarter. State Street Corp lifted its position in shares of 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 acquiring an additional 6,927 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Riskified by 11.2% during the third quarter. Jennison Associates LLC now owns 5,682,144 shares of the company’s stock worth $26,877,000 after acquiring an additional 573,596 shares in the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Analyst Ratings Changes

RSKD has been the topic of several recent research reports. JPMorgan Chase & Co. dropped 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. DA Davidson upgraded Riskified from a “neutral” rating to a “buy” rating and increased their target price for the stock from $5.00 to $7.00 in a research report on Monday, March 3rd. 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 report on Thursday, March 6th. Finally, Piper Sandler increased their target price on Riskified from $6.00 to $7.00 and gave the stock an “overweight” 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.78.

Riskified Stock Performance

Riskified stock opened at $4.52 on Friday. The stock has a market cap of $804.91 million, a P/E ratio of -22.57 and a beta of 1.37. Riskified Ltd. has a fifty-two week low of $4.14 and a fifty-two week high of $6.65. The firm’s fifty day moving average price is $5.14 and its 200-day moving average price is $4.85.

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.