Winslow Capital Management LLC Lowers Stock Holdings in Riskified Ltd. (NYSE:RSKD)

Winslow Capital Management LLC decreased its holdings in Riskified Ltd. (NYSE:RSKD) by 41.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,000,000 shares of the company’s stock after selling 721,110 shares during the quarter. Winslow Capital Management LLC owned about 0.56% of Riskified worth $4,730,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Monimus Capital Management LP purchased a new position in shares of Riskified during the fourth quarter valued at approximately $3,428,000. Public Employees Retirement System of Ohio acquired a new stake in Riskified during the third quarter worth about $1,438,000. ExodusPoint Capital Management LP grew its stake in Riskified by 363.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 200,991 shares of the company’s stock worth $951,000 after buying an additional 157,657 shares during the last quarter. Trexquant Investment LP boosted its stake in Riskified by 29.6% during the 4th quarter. Trexquant Investment LP now owns 322,672 shares of the company’s stock valued at $1,526,000 after purchasing an additional 73,769 shares during the period. Finally, ARK Investment Management LLC increased its holdings in shares of Riskified by 22.1% during the fourth quarter. ARK Investment Management LLC now owns 394,517 shares of the company’s stock valued at $1,866,000 after purchasing an additional 71,499 shares during the period. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Stock Performance

Shares of RSKD opened at $4.08 on Wednesday. The business’s fifty day moving average is $4.99 and its 200-day moving average is $4.81. Riskified Ltd. has a 52-week low of $3.94 and a 52-week high of $6.65. The firm has a market cap of $657.41 million, a price-to-earnings ratio of -20.39 and a beta of 1.36.

Analyst Ratings Changes

RSKD has been the subject of a number of research analyst reports. DA Davidson raised shares of 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 report on Monday, March 3rd. JPMorgan Chase & Co. decreased 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. Piper Sandler restated an “overweight” rating and set a $7.00 price target on shares of Riskified in a report on Monday, March 17th. Finally, The Goldman Sachs Group boosted their price objective on shares of Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Riskified has an average rating of “Hold” and a consensus price target of $5.78.

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.