Riskified (NYSE:RSKD) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Riskified shares saw unusually high trading volume, with about 1.64 million shares changing hands—42% above the prior session—and last trading at $8.655.
• Analyst sentiment remains mixed: two analysts rate the stock Buy, three Hold, and two Sell, producing an average rating of Hold and an average price target of $6.83. Truist raised its target to $9.00, while other firms also adjusted targets upward.
• Riskified reported quarterly revenue of $98.69 million, ahead of the $89.18 million estimate, and met EPS expectations at $0.02; however, the company remains unprofitable, while insiders have sold about 2.95 million shares worth $18.05 million over the past three months.

Riskified Ltd. (NYSE:RSKD - Get Free Report) shares saw unusually-strong trading volume on Monday. Approximately 1,644,748 shares traded hands during trading, an increase of 42% from the previous session's volume of 1,160,316 shares. The stock last traded at $8.6550 and had previously closed at $8.53.

Analyst Ratings Changes

A number of analysts have recently weighed in on RSKD shares. DA Davidson restated a "buy" rating and issued a $7.50 price objective on shares of Riskified in a research note on Monday, August 24th. Truist Financial upped their price objective on shares of Riskified from $7.50 to $9.00 and gave the stock a "buy" rating in a report on Monday, September 28th. UBS Group raised their target price on shares of Riskified from $5.00 to $6.75 and gave the company a "neutral" rating in a research note on Thursday, August 13th. Keefe, Bruyette & Woods lifted their target price on shares of Riskified from $5.50 to $6.25 and gave the stock a "market perform" rating in a report on Thursday, August 13th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Riskified in a report on Friday, August 14th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $6.83.

Riskified Stock Performance

The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -79.14 and a beta of 1.25. The company's 50 day moving average is $6.54 and its 200 day moving average is $5.37.

Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings results 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 net margin of 4.23% and a negative return on equity of 3.93%. The company had revenue of $98.69 million for the quarter, compared to analyst estimates of $89.18 million. On average, equities research analysts anticipate that Riskified Ltd. will post -0.03 earnings per share for the current fiscal year.

Insider Activity at Riskified

In related news, insider Assaf Feldman sold 43,904 shares of the company's stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $6.51, for a total value of $285,815.04. Following the completion of the transaction, the insider directly owned 1,167,371 shares in the company, valued at approximately $7,599,585.21. This represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erez Shachar sold 47,651 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $6.18, for a total transaction of $294,483.18. Following the completion of the transaction, the director owned 3,311,623 shares of the company's stock, valued at approximately $20,465,830.14. This represents a 1.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,945,014 shares of company stock worth $18,047,438 in the last three months. Company insiders own 17.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Modern Wealth Management LLC acquired a new stake in Riskified in the 1st quarter valued at $56,000. R Squared Ltd grew its position in Riskified by 57.8% in the first quarter. R Squared Ltd now owns 19,813 shares of the company's stock valued at $78,000 after acquiring an additional 7,257 shares during the period. 9823 Capital L.P. acquired a new position in Riskified during the fourth quarter worth $182,000. Engineers Gate Manager LP raised its stake in Riskified by 13.7% during the second quarter. Engineers Gate Manager LP now owns 64,591 shares of the company's stock worth $326,000 after acquiring an additional 7,799 shares in the last quarter. Finally, State of Wyoming lifted its holdings in shares of Riskified by 16.4% during the first quarter. State of Wyoming now owns 107,785 shares of the company's stock valued at $423,000 after acquiring an additional 15,195 shares during the period. Institutional investors own 58.98% of the company's stock.

Riskified Company Profile

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce merchants. Its platform uses data analytics, machine learning and behavioral insights to help online businesses distinguish legitimate customers from fraudulent activity while reducing friction during the purchasing process.

The company's products are designed to address risks across the digital commerce lifecycle, including payment fraud, chargebacks, account takeover, policy abuse and other forms of customer or transaction abuse.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.