Assaf Feldman Sells 230,512 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) CTO Assaf Feldman sold 230,512 shares of Riskified stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $5.02, for a total transaction of $1,157,170.24. Following the sale, the chief technology officer owned 1,932,613 shares in the company, valued at approximately $9,701,717.26. The trade was a 10.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Assaf Feldman also recently made the following trade(s):

• On Friday, May 1st, Assaf Feldman sold 32,590 shares of Riskified stock. The shares were sold at an average price of $4.68, for a total value of $152,521.20.

Riskified Stock Performance

RSKD stock traded up $0.12 during trading on Monday, hitting $5.25. 1,148,454 shares of the company’s stock traded hands, compared to its average volume of 849,650. The business has a fifty day simple moving average of $4.82 and a 200 day simple moving average of $4.60. The stock has a market capitalization of $778.54 million, a price-to-earnings ratio of -47.77 and a beta of 1.38. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $5.68.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. The company had revenue of $88.27 million during the quarter, compared to analyst estimates of $87.72 million. Research analysts forecast that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.96.

Institutional Investors Weigh In On Riskified

Several hedge funds and other institutional investors have recently made changes to their positions in RSKD. Millennium Management LLC boosted its position in shares of Riskified by 335.3% during the 4th quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock valued at $3,953,000 after acquiring an additional 612,719 shares during the last quarter. Clearline Capital LP boosted its position in shares of Riskified by 23.8% during the 3rd quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock worth $14,536,000 after purchasing an additional 597,765 shares during the period. Harvey Partners LLC increased its holdings in Riskified by 20.4% in the 3rd quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after purchasing an additional 523,855 shares during the last quarter. Anson Funds Management LP lifted its stake in Riskified by 136.0% during the fourth quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock worth $3,150,000 after purchasing an additional 365,254 shares in the last quarter. Finally, TFJ Management LLC raised its holdings in shares of Riskified by 31.7% in the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock valued at $6,524,000 after buying an additional 335,399 shares during the period. 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.