Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $394,000 Stock Holdings in Riskified Ltd. (NYSE:RSKD)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Riskified Ltd. (NYSE:RSKD) by 89.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 83,369 shares of the company’s stock after buying an additional 39,412 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Riskified were worth $394,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tidal Investments LLC lifted its holdings in Riskified by 4.8% in the third quarter. Tidal Investments LLC now owns 100,525 shares of the company’s stock valued at $475,000 after buying an additional 4,616 shares during the period. Y.D. More Investments Ltd raised its position 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 valued at $168,000 after acquiring an additional 5,081 shares during the last quarter. New York State Common Retirement Fund lifted 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 purchasing an additional 6,487 shares during the period. State Street Corp boosted its position in shares of Riskified by 0.9% in the 3rd quarter. State Street Corp now owns 745,593 shares of the company’s stock worth $3,527,000 after purchasing an additional 6,927 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake 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 worth $115,000 after purchasing an additional 14,072 shares during the period. Institutional investors own 58.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on RSKD shares. JPMorgan Chase & Co. cut their target price on Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. The Goldman Sachs Group lifted their price objective on shares of Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a research note on Thursday, March 6th. Piper Sandler restated an “overweight” rating and set a $7.00 price objective on shares of Riskified in a report on Monday, March 17th. Finally, DA Davidson upgraded shares of Riskified from a “neutral” rating to a “buy” rating and increased their target price for the stock from $5.00 to $7.00 in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Riskified presently has a consensus rating of “Hold” and a consensus price target of $5.78.

Riskified Stock Up 1.4 %

Riskified stock opened at $4.77 on Friday. The company has a 50 day moving average of $5.12 and a 200-day moving average of $4.83. 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 $768.16 million, a PE ratio of -23.82 and a beta of 1.37.

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.