Riskified (NYSE:RSKD) Insider Sells 43,904 Shares of Stock

Key Points

• Riskified insider Assaf Feldman sold 43,904 shares at an average price of $6.51, generating $285,815. Following the Rule 10b5-1 transaction, he retained 1,167,371 shares, a 3.62% reduction in his position.
• Riskified shares rose 4.5% to $6.95, near the stock’s 52-week high of $6.98. The company recently reported quarterly revenue of $98.69 million, above the $89.18 million consensus estimate, and EPS of $0.02 in line with expectations.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $6.50. Institutional investors own approximately 58.98% of the company.

Riskified Ltd. (NYSE:RSKD - Get Free Report) insider Assaf Feldman sold 43,904 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $6.51, for a total transaction of $285,815.04. Following the completion of the transaction, the insider directly owned 1,167,371 shares of the company's stock, valued at $7,599,585.21. This trade represents a 3.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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, August 14th, Assaf Feldman sold 206,096 shares of Riskified stock. The stock was sold at an average price of $6.54, for a total value of $1,347,867.84.
• 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 value of $2,704,500.00.
• On Monday, July 6th, Assaf Feldman sold 32,588 shares of Riskified stock. The shares were 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 Stock Up 4.5%

Shares of RSKD stock traded up $0.30 during mid-day trading on Thursday, reaching $6.95. 3,764,559 shares of the stock traded hands, compared to its average volume of 987,297. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -63.18 and a beta of 1.38. The stock's fifty day simple moving average is $5.50 and its two-hundred day simple moving average is $4.86. Riskified Ltd. has a 1-year low of $3.70 and a 1-year high of $6.98.

Riskified (NYSE:RSKD - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%.The company had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. On average, equities research analysts anticipate that Riskified Ltd. will post -0.03 EPS for the current fiscal year.

Institutional Trading of Riskified

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Riskified in the 2nd quarter worth $36,000. Man Group plc bought a new position in shares of Riskified during the fourth quarter valued at about $50,000. Virtu Financial LLC bought a new position in shares of Riskified during the third quarter valued at about $51,000. Invesco Ltd. purchased a new position in Riskified during the first quarter worth about $51,000. Finally, T3 Companies LLC purchased a new position in Riskified during the fourth quarter worth about $54,000. 58.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. UBS Group boosted their price target on Riskified from $5.00 to $6.75 and gave the company a "neutral" rating in a research note on Thursday, August 13th. DA Davidson reaffirmed a "buy" rating and set a $7.50 price objective on shares of Riskified in a research report on Monday, August 24th. Wall Street Zen upgraded shares of Riskified from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 30th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Riskified in a research report on Friday, August 14th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Riskified from $5.50 to $6.25 and gave the stock a "market perform" rating in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $6.50.

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.

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