Riskified (NYSE:RSKD) Sees Unusually-High Trading Volume – Still a Buy?

Riskified Ltd. (NYSE:RSKD) shares saw unusually-high trading volume on Monday . Approximately 1,677,771 shares were traded during mid-day trading, an increase of 136% from the previous session’s volume of 711,765 shares.The stock last traded at $4.7980 and had previously closed at $4.61.

Analysts Set New Price Targets

RSKD has been the topic of a number of research reports. Truist Financial lowered their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Wall Street Zen upgraded Riskified from a “hold” rating to a “buy” rating in a report on Sunday, March 15th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Riskified currently has a consensus rating of “Hold” and an average target price of $5.96.

Riskified Stock Up 3.4%

The firm has a fifty day moving average price of $4.33 and a 200-day moving average price of $4.58. The firm has a market cap of $705.94 million, a price-to-earnings ratio of -43.25 and a beta of 1.39.

Riskified (NYSE:RSKD) last issued its earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $88.27 million for the quarter, compared to analysts’ expectations of $87.72 million. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%.

Insiders Place Their Bets

In related news, CTO Assaf Feldman sold 32,590 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $4.68, for a total value of $152,521.20. Following the transaction, the chief technology officer owned 2,163,125 shares in the company, valued at approximately $10,123,425. The trade was a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Clearline Capital LP lifted its stake in shares of Riskified by 23.8% in the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock worth $14,536,000 after acquiring an additional 597,765 shares in the last quarter. Harvey Partners LLC raised its holdings in Riskified by 20.4% in the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after acquiring an additional 523,855 shares in the last quarter. Nuveen LLC raised its holdings in Riskified by 3.3% in the fourth quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock valued at $7,336,000 after acquiring an additional 47,464 shares in the last quarter. Monimus Capital Management LP raised its holdings in Riskified by 13.2% in the fourth quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock valued at $6,982,000 after acquiring an additional 164,302 shares in the last quarter. Finally, TFJ Management LLC raised its holdings in Riskified by 31.7% in the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock valued at $6,524,000 after acquiring an additional 335,399 shares in the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Company Profile

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.