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

Riskified Ltd. (NYSE:RSKD) insider Assaf Feldman sold 206,096 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $6.54, for a total transaction of $1,347,867.84. Following the transaction, the insider owned 1,211,275 shares in the company, valued at $7,921,738.50. The trade was a 14.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 stock was sold at an average price of $6.01, for a total transaction 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 shares were sold at an average price of $5.02, for a total transaction of $1,157,170.24.

Riskified Stock Performance

Shares of RSKD stock traded up $0.09 on Friday, hitting $6.54. 3,278,040 shares of the company’s stock traded hands, compared to its average volume of 869,949. The stock has a market capitalization of $968.16 million, a price-to-earnings ratio of -59.41 and a beta of 1.38. The company’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.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.64%. The business had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. As a group, sell-side analysts anticipate that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in Riskified in the 2nd quarter worth approximately $36,000. Man Group plc purchased a new position in shares of Riskified during the fourth quarter valued at approximately $50,000. Virtu Financial LLC bought a new position in shares of Riskified during the third quarter valued at approximately $51,000. Invesco Ltd. bought a new position in shares of Riskified during the first quarter valued at approximately $51,000. Finally, T3 Companies LLC purchased a new stake in Riskified in the fourth quarter worth $54,000. Institutional investors own 58.98% of the company’s stock.

Analysts Set New Price Targets

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

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.