Riskified (NYSE:RSKD) Sees Large Volume Increase – Still a Buy?

Shares of Riskified Ltd. (NYSE:RSKD) saw an uptick in trading volume on Monday . 524,183 shares changed hands during trading, a decline of 40% from the previous session’s volume of 866,666 shares.The stock last traded at $6.1950 and had previously closed at $6.54.

Wall Street Analysts Forecast Growth

RSKD has been the topic of several recent analyst reports. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. DA Davidson increased their price target on shares of Riskified from $6.00 to $7.50 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Keefe, Bruyette & Woods lifted their price objective on shares of Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research note on Thursday, August 13th. UBS Group boosted their price objective on shares of Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Finally, The Goldman Sachs Group upped their target price on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. Two equities 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 MarketBeat.com, Riskified currently has an average rating of “Hold” and a consensus price target of $6.50.

Riskified Price Performance

The business’s fifty day moving average price is $5.24 and its 200 day moving average price is $4.73. The stock has a market cap of $913.34 million, a P/E ratio of -56.05 and a beta of 1.38.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $98.69 million for the quarter, compared to analyst estimates of $89.18 million. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%.

Insider Activity at Riskified

In other news, insider Assaf Feldman sold 206,096 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $6.54, for a total transaction of $1,347,867.84. Following the completion of the transaction, the insider directly owned 1,211,275 shares in the company, valued at approximately $7,921,738.50. This represents a 14.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Kumaraswami sold 65,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $6.24, for a total value of $405,600.00. Following the completion of the transaction, the insider owned 1,616,246 shares of the company’s stock, valued at $10,085,375.04. The trade was a 3.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 5,258,350 shares of company stock worth $27,493,581. Corporate insiders own 17.40% of the company’s stock.

Institutional Trading of Riskified

Several hedge funds and other institutional investors have recently made changes to their positions in RSKD. Raymond James Financial Inc. acquired a new position in shares of Riskified in the second quarter valued at approximately $36,000. Man Group plc bought a new stake in Riskified during the 4th quarter worth approximately $50,000. T3 Companies LLC bought a new stake in Riskified during the 4th quarter worth approximately $54,000. Orion Porfolio Solutions LLC acquired a new position in Riskified in the 2nd quarter valued at approximately $54,000. Finally, Virtu Financial LLC acquired a new position in Riskified in the 3rd quarter valued at approximately $51,000. 58.98% of the stock is currently owned by institutional investors.

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.