Tocqueville Asset Management L.P. Sells 155,000 Shares of Riskified Ltd. (NYSE:RSKD)

Tocqueville Asset Management L.P. trimmed its position in Riskified Ltd. (NYSE:RSKD) by 29.5% during the fourth quarter, Holdings Channel reports. 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.’s holdings in Riskified were worth $1,755,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in RSKD. Quantbot Technologies LP acquired a new position in Riskified in the third quarter valued at approximately $120,000. Y.D. More Investments Ltd lifted its stake in shares of Riskified by 16.6% in the 4th quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company’s stock valued at $168,000 after purchasing an additional 5,081 shares during the period. Barclays PLC boosted its position in shares of Riskified by 106.6% in the 3rd quarter. Barclays PLC now owns 39,174 shares of the company’s stock worth $186,000 after purchasing an additional 20,213 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Riskified by 107.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 67,686 shares of the company’s stock worth $320,000 after purchasing an additional 35,096 shares during the period. Finally, Josh Arnold Investment Consultant LLC bought a new stake in Riskified in the third quarter valued at about $378,000. 58.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RSKD has been the subject of several analyst reports. 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. Piper Sandler restated an “overweight” rating and set a $7.00 price objective on shares of Riskified in a report on Monday. The Goldman Sachs Group increased their target price on shares of Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a report on Thursday, March 6th. Finally, DA Davidson raised shares of Riskified from a “neutral” rating to a “buy” rating and boosted their price target for the company from $5.00 to $7.00 in a report on Monday, March 3rd. One equities research 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’s stock. According to MarketBeat, Riskified has an average rating of “Hold” and a consensus price target of $5.78.

Riskified Stock Up 3.7 %

Riskified stock opened at $4.66 on Thursday. The company has a 50 day moving average of $5.13 and a 200-day moving average of $4.84. Riskified Ltd. has a twelve month low of $4.14 and a twelve month high of $6.65. The stock has a market capitalization of $750.43 million, a PE ratio of -23.27 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.