Invenomic Capital Management LP Purchases 108,266 Shares of Riskified Ltd. (NYSE:RSKD)

Invenomic Capital Management LP lifted its stake in Riskified Ltd. (NYSE:RSKD) by 14.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 880,786 shares of the company’s stock after purchasing an additional 108,266 shares during the period. Invenomic Capital Management LP owned 0.49% of Riskified worth $4,166,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of RSKD. Group One Trading LLC grew its position in shares of Riskified by 4,503.5% during the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock valued at $41,000 after purchasing an additional 8,917 shares in the last quarter. Bayesian Capital Management LP purchased a new position in shares of Riskified during the fourth quarter valued at about $56,000. Cubist Systematic Strategies LLC purchased a new position in shares of Riskified during the fourth quarter valued at about $74,000. KLP Kapitalforvaltning AS purchased a new position in shares of Riskified during the fourth quarter valued at about $89,000. Finally, Teacher Retirement System of Texas grew its position in shares of 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 purchasing an additional 14,072 shares in the last quarter. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Riskified Stock Performance

Riskified stock opened at $4.81 on Monday. The company has a 50 day moving average price of $4.58 and a 200-day moving average price of $4.81. Riskified Ltd. has a fifty-two week low of $3.94 and a fifty-two week high of $6.65. The company has a market capitalization of $775.42 million, a PE ratio of -24.05 and a beta of 1.36.

Analyst Upgrades and Downgrades

RSKD has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on shares of Riskified from $4.00 to $4.50 and gave the company a “sell” rating in a report on Thursday, March 6th. DA Davidson lowered their price target on shares of Riskified from $7.00 to $6.00 and set a “buy” rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. lowered their price target on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Monday, March 10th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $7.00 price target on shares of Riskified in a report on Monday, March 17th. One 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 company presently has a consensus rating of “Hold” and an average target price 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.