Assaf Feldman Sells 450,000 Shares of Riskified (NYSE:RSKD) Stock

Key Points

• Riskified insider Assaf Feldman sold 450,000 shares for approximately $2.70 million under a pre-arranged Rule 10b5-1 trading plan, reducing his position by 24.1% to 1.42 million shares.
• Riskified reported quarterly revenue of $98.69 million, exceeding the $89.18 million consensus estimate, while EPS of $0.02 matched expectations.
• Shares rose 1.3% to $6.54, near the 52-week high, while analysts maintained a consensus “Hold” rating with an average price target of $6.43.

Riskified Ltd. (NYSE:RSKD - Get Free Report) insider Assaf Feldman sold 450,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $6.01, for a total value of $2,704,500.00. Following the completion of the sale, the insider owned 1,417,371 shares of the company's stock, valued at $8,518,399.71. This represents a 24.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 Friday, August 14th, Assaf Feldman sold 206,096 shares of Riskified stock. The shares were sold at an average price of $6.54, for a total transaction of $1,347,867.84.
• 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 value 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 value of $1,157,170.24.

Riskified Trading Up 1.3%

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

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Globeflex Capital L P bought a new stake in Riskified in the fourth quarter valued at $736,000. Nano Cap New Millennium Growth Fund L P acquired a new position in Riskified during the 4th quarter worth approximately $1,019,000. Sei Investments Co. boosted its holdings in Riskified by 87.4% in the first quarter. Sei Investments Co. now owns 356,173 shares of the company's stock worth $1,396,000 after acquiring an additional 166,099 shares in the last quarter. Modern Wealth Management LLC acquired a new stake in Riskified in the first quarter valued at approximately $56,000. Finally, State of Wyoming increased its holdings in shares of Riskified by 88.9% during the fourth quarter. State of Wyoming now owns 92,590 shares of the company's stock valued at $460,000 after acquiring an additional 43,568 shares in the last quarter. 58.98% of the stock is currently owned by institutional investors and hedge funds.

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.

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