Riskified Ltd. (NYSE:RSKD) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in Riskified Ltd. (NYSE:RSKD) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 329,845 shares of the company’s stock after purchasing an additional 16,702 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Riskified were worth $1,560,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RSKD. ARK Investment Management LLC raised its stake in Riskified by 22.1% during the fourth quarter. ARK Investment Management LLC now owns 394,517 shares of the company’s stock worth $1,866,000 after purchasing an additional 71,499 shares during the period. New York State Common Retirement Fund raised its position in shares of Riskified by 5.7% during 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 during the period. Y.D. More Investments Ltd lifted its holdings in Riskified by 16.6% in the fourth quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company’s stock valued at $168,000 after acquiring an additional 5,081 shares during the last quarter. Jennison Associates LLC grew its position in Riskified by 0.3% in the fourth quarter. Jennison Associates LLC now owns 5,701,408 shares of the company’s stock worth $26,968,000 after acquiring an additional 19,264 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Riskified by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 875,723 shares of the company’s stock worth $4,142,000 after acquiring an additional 15,250 shares during the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Riskified Stock Performance

Shares of RSKD stock opened at $4.66 on Thursday. Riskified Ltd. has a fifty-two week low of $4.14 and a fifty-two week high of $6.65. The company has a 50 day moving average price of $5.13 and a 200 day moving average price of $4.84. The stock has a market capitalization of $750.43 million, a P/E ratio of -23.27 and a beta of 1.37.

Analyst Ratings Changes

A number of research firms have recently weighed in on RSKD. DA Davidson upgraded Riskified from a “neutral” rating to a “buy” rating and increased their price target for the stock from $5.00 to $7.00 in a report on Monday, March 3rd. Piper Sandler reiterated an “overweight” rating and set a $7.00 price target on shares of Riskified in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Finally, The Goldman Sachs Group lifted their target price on shares of Riskified from $4.00 to $4.50 and gave the company a “sell” 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 issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.78.

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.