Riskified (NYSE:RSKD) Reaches New 1-Year High – Here’s What Happened

Riskified Ltd. (NYSE:RSKD) reached a new 52-week high during trading on Wednesday . The stock traded as high as $6.06 and last traded at $5.8480, with a volume of 1012384 shares traded. The stock had previously closed at $5.27.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RSKD shares. Keefe, Bruyette & Woods boosted their price objective on shares of Riskified from $5.25 to $5.50 and gave the company a “market perform” rating in a research report on Monday, July 13th. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Riskified has a consensus rating of “Hold” and a consensus target price of $6.00.

Riskified Stock Up 11.8%

The business has a 50 day simple moving average of $5.08 and a two-hundred day simple moving average of $4.66. The firm has a market cap of $872.62 million, a PE ratio of -53.55 and a beta of 1.38.

Riskified (NYSE:RSKD) last issued its earnings results 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 analyst estimates of $89.18 million. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. Equities analysts forecast that Riskified Ltd. will post -0.01 earnings per share for the current year.

Insider Transactions at Riskified

In other Riskified news, Director Erez Shachar sold 5,586 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $5.25, for a total value of $29,326.50. Following the transaction, the director directly owned 1,168,795 shares in the company, valued at $6,136,173.75. This represents a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 4,277,654 shares of company stock valued at $21,445,013. 17.40% of the stock is owned by insiders.

Institutional Trading of Riskified

A number of large investors have recently modified their holdings of the company. Nuveen LLC increased its holdings in Riskified by 3.3% during the 4th quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after purchasing an additional 47,464 shares during the period. Monimus Capital Management LP lifted its holdings in shares of Riskified by 13.2% in the 4th quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock worth $6,982,000 after buying an additional 164,302 shares during the period. Renaissance Technologies LLC grew its position in shares of Riskified by 1.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock worth $5,327,000 after buying an additional 22,100 shares in the last quarter. State Street Corp grew its position in shares of Riskified by 11.9% during the 4th quarter. State Street Corp now owns 866,456 shares of the company’s stock worth $4,306,000 after buying an additional 92,019 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Riskified by 335.3% during the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock valued at $3,953,000 after buying an additional 612,719 shares during the period. Hedge funds and other institutional investors 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.