Tocqueville Asset Management L.P. Has $1.76 Million Position in Riskified Ltd. (NYSE:RSKD)

Tocqueville Asset Management L.P. cut its position in shares of Riskified Ltd. (NYSE:RSKD) by 29.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 371,000 shares of the company’s stock after selling 155,000 shares during the quarter. Tocqueville Asset Management L.P. owned 0.21% of Riskified worth $1,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RSKD. Monimus Capital Management LP acquired a new stake in shares of Riskified during the 4th quarter worth approximately $3,428,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Riskified by 5.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 329,845 shares of the company’s stock valued at $1,560,000 after buying an additional 16,702 shares in the last quarter. ARK Investment Management LLC raised its stake in shares of Riskified by 22.1% in the 4th quarter. ARK Investment Management LLC now owns 394,517 shares of the company’s stock valued at $1,866,000 after buying an additional 71,499 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Riskified by 5.7% in the 4th quarter. New York State Common Retirement Fund now owns 120,740 shares of the company’s stock valued at $571,000 after buying an additional 6,487 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its holdings in shares of Riskified by 16.6% during the 4th quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company’s stock worth $168,000 after acquiring an additional 5,081 shares during the period. 58.98% of the stock is currently owned by institutional investors.

Riskified Stock Performance

Riskified stock opened at $4.66 on Thursday. Riskified Ltd. has a 52 week low of $4.14 and a 52 week high of $6.65. The firm has a market cap of $750.43 million, a P/E ratio of -23.27 and a beta of 1.37. The business’s fifty day moving average is $5.13 and its two-hundred day moving average is $4.84.

Analyst Ratings Changes

Several research firms recently issued reports on RSKD. Piper Sandler reissued an “overweight” rating and issued a $7.00 price target on shares of Riskified in a research report on Monday. 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 report on Thursday, March 6th. DA Davidson upgraded Riskified from a “neutral” rating to a “buy” rating and upped their price target for the company from $5.00 to $7.00 in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. lowered their price target on Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.78.

Riskified 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.