Assaf Feldman Sells 43,904 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) insider Assaf Feldman sold 43,904 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $6.51, for a total value of $285,815.04. Following the completion of the transaction, the insider directly owned 1,167,371 shares of the company’s stock, valued at approximately $7,599,585.21. This trade represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were 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 shares were sold at an average price of $5.02, for a total transaction of $1,157,170.24.

Riskified Stock Down 6.1%

NYSE:RSKD opened at $6.51 on Friday. The firm has a market capitalization of $964.46 million, a PE ratio of -59.18 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 firm has a 50-day moving average price of $5.57 and a 200 day moving average price of $4.89.

Riskified (NYSE:RSKD) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%.The company had revenue of $98.69 million for the quarter, compared to analyst estimates of $89.18 million. On average, research analysts expect that Riskified Ltd. will post -0.03 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Invesco Ltd. bought a new stake in Riskified during the 1st quarter worth about $51,000. Russell Investments Group Ltd. raised its stake in shares of Riskified by 178.2% in the second quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock worth $1,125,000 after acquiring an additional 144,431 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Riskified in the second quarter worth about $1,453,000. Qube Research & Technologies Ltd lifted its position in shares of Riskified by 7.4% during the second quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock worth $1,355,000 after purchasing an additional 18,690 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Riskified during the second quarter worth approximately $36,000. 58.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RSKD shares. The Goldman Sachs Group upped their target price on shares of Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a report on Wednesday, August 12th. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Keefe, Bruyette & Woods raised their price objective on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a report on Thursday, August 13th. UBS Group lifted their target price on shares of Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Finally, DA Davidson reissued a “buy” rating and issued a $7.50 target price on shares of Riskified in a report on Monday, August 24th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $6.50.

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.