Riskified (NYSE:RSKD) CTO Assaf Feldman Sells 32,590 Shares

Riskified Ltd. (NYSE:RSKD) CTO Assaf Feldman sold 32,590 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $4.68, for a total transaction of $152,521.20. Following the completion of the transaction, the chief technology officer owned 2,163,125 shares in the company, valued at $10,123,425. This represents a 1.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Riskified Stock Up 2.0%

Shares of Riskified stock traded up $0.10 on Monday, hitting $4.85. The stock had a trading volume of 739,891 shares, compared to its average volume of 681,876. Riskified Ltd. has a one year low of $3.70 and a one year high of $5.68. The stock has a market cap of $717.79 million, a price-to-earnings ratio of -28.50 and a beta of 1.39. The stock’s 50-day simple moving average is $4.29 and its two-hundred day simple moving average is $4.58.

Riskified (NYSE:RSKD) last issued its earnings results on Wednesday, March 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. Riskified had a negative net margin of 8.00% and a negative return on equity of 5.63%. The firm had revenue of $99.33 million for the quarter, compared to analysts’ expectations of $97.21 million.

Institutional Trading of Riskified

A number of hedge funds have recently modified their holdings of the business. Clearline Capital LP boosted its holdings in shares of Riskified by 23.8% during the 3rd quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after buying an additional 597,765 shares in the last quarter. Harvey Partners LLC boosted its holdings in shares of Riskified by 20.4% during the 3rd quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after buying an additional 523,855 shares in the last quarter. Nuveen LLC boosted its holdings in shares of Riskified by 3.3% during the 4th quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock valued at $7,336,000 after buying an additional 47,464 shares in the last quarter. Monimus Capital Management LP boosted its holdings in shares of Riskified by 13.2% during the 4th quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock valued at $6,982,000 after buying an additional 164,302 shares in the last quarter. Finally, TFJ Management LLC boosted its holdings in shares of Riskified by 31.7% during the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock valued at $6,524,000 after buying an additional 335,399 shares in the last quarter. Institutional investors own 58.98% of the company’s stock.

Analysts Set New Price Targets

RSKD has been the subject of a number of research analyst reports. Wall Street Zen raised Riskified from a “hold” rating to a “buy” rating in a research note on Sunday, March 15th. Truist Financial dropped their price target on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.96.

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.