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

Monimus Capital Management LP acquired a new position in Riskified Ltd. (NYSE:RSKD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 724,816 shares of the company’s stock, valued at approximately $3,428,000. Riskified makes up approximately 3.2% of Monimus Capital Management LP’s portfolio, making the stock its 10th largest position. Monimus Capital Management LP owned approximately 0.41% of Riskified as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Riskified by 76.0% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company’s stock worth $31,854,000 after acquiring an additional 2,907,585 shares in the last quarter. Jennison Associates LLC increased its position in Riskified by 0.3% in the 4th quarter. Jennison Associates LLC now owns 5,701,408 shares of the company’s stock valued at $26,968,000 after buying an additional 19,264 shares in the last quarter. Harvey Partners LLC increased its position in Riskified by 9.7% in the 3rd quarter. Harvey Partners LLC now owns 3,227,500 shares of the company’s stock valued at $15,266,000 after buying an additional 286,500 shares in the last quarter. Clearline Capital LP increased its position in Riskified by 10.3% in the 3rd quarter. Clearline Capital LP now owns 1,853,922 shares of the company’s stock valued at $8,769,000 after buying an additional 173,694 shares in the last quarter. Finally, JPMorgan Chase & Co. increased 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 in the last quarter. 58.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RSKD shares. The Goldman Sachs Group boosted their target price on Riskified from $4.00 to $4.50 and gave the company a “sell” rating in a research report on Thursday, March 6th. DA Davidson raised Riskified from a “neutral” rating to a “buy” rating and boosted their target price for the company from $5.00 to $7.00 in a research report on Monday, March 3rd. JPMorgan Chase & Co. decreased their target price on Riskified from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Finally, Piper Sandler boosted their price objective on Riskified from $6.00 to $7.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.78.

Riskified Stock Down 0.1 %

Shares of NYSE RSKD opened at $4.52 on Friday. Riskified Ltd. has a twelve month low of $4.14 and a twelve month high of $6.65. The stock’s 50 day moving average price is $5.14 and its 200-day moving average price is $4.85. The company has a market capitalization of $804.91 million, a PE ratio of -22.57 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.