Assaf Feldman Sells 32,588 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) CTO Assaf Feldman sold 32,588 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $5.19, for a total transaction of $169,131.72. Following the sale, the chief technology officer directly owned 1,867,371 shares in the company, valued at approximately $9,691,655.49. The trade was a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Wednesday, July 1st, Assaf Feldman sold 230,512 shares of Riskified stock. The stock was sold at an average price of $5.02, for a total transaction of $1,157,170.24.
• On Friday, May 1st, Assaf Feldman sold 32,590 shares of Riskified stock. The shares were sold at an average price of $4.68, for a total transaction of $152,521.20.

Riskified Stock Up 1.3%

NYSE:RSKD opened at $5.25 on Friday. The company has a fifty day simple moving average of $4.88 and a two-hundred day simple moving average of $4.60. The company has a market cap of $778.53 million, a price-to-earnings ratio of -47.77 and a beta of 1.38. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $5.68.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $88.27 million for the quarter, compared to analysts’ expectations of $87.72 million. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%. On average, analysts expect that Riskified Ltd. will post -0.01 EPS for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Three investment 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.96.

Hedge Funds Weigh In On Riskified

Institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC grew its position in shares of Riskified by 335.3% in the 4th quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock valued at $3,953,000 after buying an additional 612,719 shares during the last quarter. Clearline Capital LP lifted its position in Riskified by 23.8% in the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after acquiring an additional 597,765 shares during the last quarter. Harvey Partners LLC lifted its position in Riskified by 20.4% in the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after acquiring an additional 523,855 shares during the last quarter. Anson Funds Management LP boosted its stake in Riskified by 136.0% in the fourth quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock valued at $3,150,000 after acquiring an additional 365,254 shares in the last quarter. Finally, TFJ Management LLC grew its holdings in shares of Riskified by 31.7% during the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after purchasing an additional 335,399 shares during the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

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.