Insider Selling: Riskified (NYSE:RSKD) Insider Sells $285,815.04 in Stock

Riskified Ltd. (NYSE:RSKD) insider Assaf Feldman sold 43,904 shares of the business’s 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 in the company, valued at $7,599,585.21. This trade represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 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 transaction of $2,704,500.00.
• 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 transaction of $169,131.72.
• 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.

Riskified Stock Performance

RSKD traded up $0.30 during midday trading on Thursday, reaching $6.95. The company had a trading volume of 3,764,559 shares, compared to its average volume of 987,297. The stock has a market cap of $1.03 billion, a PE ratio of -63.18 and a beta of 1.38. Riskified Ltd. has a 12-month low of $3.70 and a 12-month high of $6.98. The business has a 50-day moving average price of $5.50 and a two-hundred day moving average price of $4.86.

Riskified (NYSE:RSKD) last issued 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 during the quarter, compared to analyst estimates of $89.18 million. On average, research analysts anticipate that Riskified Ltd. will post -0.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on RSKD. The Goldman Sachs Group raised their target price on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. UBS Group boosted their price objective on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.50.

Institutional Investors Weigh In On Riskified

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of Riskified in the 2nd quarter valued at about $36,000. Man Group plc purchased a new position in shares of Riskified during the fourth quarter worth about $50,000. T3 Companies LLC purchased a new position in shares of Riskified during the fourth quarter worth about $54,000. Orion Porfolio Solutions LLC purchased a new position in shares of Riskified during the second quarter worth about $54,000. Finally, Virtu Financial LLC bought a new position in shares of Riskified in the third quarter worth approximately $51,000. Institutional investors own 58.98% of the company’s stock.

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.