Riskified (NYSE:RSKD) Insider Assaf Feldman Sells 206,096 Shares of Stock

Riskified Ltd. (NYSE:RSKD) insider Assaf Feldman sold 206,096 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $6.54, for a total transaction of $1,347,867.84. Following the completion of the sale, the insider owned 1,211,275 shares in the company, valued at $7,921,738.50. This represents a 14.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, August 12th, Assaf Feldman sold 450,000 shares of Riskified stock. The shares were sold at an average price of $6.01, for a total value of $2,704,500.00.
• On Monday, July 6th, Assaf Feldman sold 32,588 shares of Riskified stock. The stock was sold at an average price of $5.19, for a total transaction of $169,131.72.
• On Wednesday, July 1st, Assaf Feldman sold 230,512 shares of Riskified stock. The stock was sold at an average price of $5.02, for a total transaction of $1,157,170.24.

Riskified Stock Up 1.3%

Riskified stock traded up $0.09 during mid-day trading on Friday, reaching $6.54. 3,278,040 shares of the company’s stock were exchanged, compared to its average volume of 869,949. The business’s fifty day simple moving average is $5.15 and its 200 day simple moving average is $4.69. Riskified Ltd. has a one year low of $3.70 and a one year high of $6.61. The firm has a market capitalization of $968.16 million, a PE ratio of -59.41 and a beta of 1.38.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. Riskified had a negative return on equity of 3.64% and a negative net margin of 4.23%. On average, sell-side analysts forecast that Riskified Ltd. will post -0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RSKD has been the subject of a number of research reports. DA Davidson increased their target price on shares of Riskified from $6.00 to $7.50 and gave the stock a “buy” rating in a research report on Thursday. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. UBS Group lifted their price target on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research report on Thursday. The Goldman Sachs Group boosted their price objective on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.43.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC increased its stake in Riskified by 335.3% in the fourth 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. 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 during the last quarter. Marshall Wace LLP purchased a new position in shares of Riskified in the 2nd quarter worth about $1,453,000. Trexquant Investment LP boosted its holdings in shares of Riskified by 298.2% in the 4th quarter. Trexquant Investment LP now owns 311,449 shares of the company’s stock worth $1,548,000 after purchasing an additional 233,242 shares in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P bought a new position in shares of Riskified during the 4th quarter valued at about $1,019,000. Institutional investors own 58.98% of the company’s stock.

About Riskified

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.