Insider Selling: Riskified (NYSE:RSKD) CTO Sells $169,131.72 in Stock

Riskified Ltd. (NYSE:RSKD) CTO Assaf Feldman sold 32,588 shares of the business’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 value of $169,131.72. Following the transaction, the chief technology officer directly owned 1,867,371 shares in the company, valued at approximately $9,691,655.49. This trade represents a 1.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 shares were sold at an average price of $5.02, for a total value of $1,157,170.24.
• On Friday, May 1st, Assaf Feldman sold 32,590 shares of Riskified stock. The stock was sold at an average price of $4.68, for a total value of $152,521.20.

Riskified Stock Performance

RSKD traded down $0.07 during trading hours on Wednesday, reaching $5.18. The company’s stock had a trading volume of 686,919 shares, compared to its average volume of 848,633. The company’s 50-day moving average is $4.85 and its 200-day moving average is $4.60. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $5.68. The firm has a market cap of $768.16 million, a PE ratio of -47.14 and a beta of 1.38.

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

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.96.

Institutional Inflows and Outflows

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

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.