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 company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $6.51, for a total transaction of $285,815.04. Following the transaction, the insider directly owned 1,167,371 shares of the company’s stock, valued at $7,599,585.21. This represents a 3.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 Friday, August 14th, Assaf Feldman sold 206,096 shares of Riskified stock. The stock was sold at an average price of $6.54, for a total value of $1,347,867.84.
• On Wednesday, August 12th, Assaf Feldman sold 450,000 shares of Riskified stock. The shares were sold at an average price of $6.01, for a total value 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 value 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 value of $1,157,170.24.

Riskified Trading Down 6.1%

Shares of RSKD stock opened at $6.51 on Friday. Riskified Ltd. has a 12 month low of $3.70 and a 12 month high of $6.98. The company has a market capitalization of $964.46 million, a P/E ratio of -59.18 and a beta of 1.38. The stock has a 50 day moving average of $5.57 and a two-hundred day moving average of $4.89.

Riskified (NYSE:RSKD) last issued its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The business 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%. Sell-side analysts predict that Riskified Ltd. will post -0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RSKD. Public Employees Retirement System of Ohio increased its holdings in Riskified by 1.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock valued at $1,502,000 after purchasing an additional 2,900 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of Riskified by 5.5% during the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock worth $464,000 after purchasing an additional 4,826 shares during the last quarter. Swiss National Bank increased its stake in shares of Riskified by 3.1% in the fourth quarter. Swiss National Bank now owns 167,513 shares of the company’s stock valued at $833,000 after buying an additional 5,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Riskified by 18.1% in the fourth quarter. Geode Capital Management LLC now owns 33,828 shares of the company’s stock valued at $168,000 after buying an additional 5,178 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Riskified during the 2nd quarter worth about $36,000. 58.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on RSKD shares. Keefe, Bruyette & Woods raised their target price on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. UBS Group increased their price objective on Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. DA Davidson reissued a “buy” rating and set a $7.50 price objective on shares of Riskified in a report on Monday, August 24th. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Finally, 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. Two investment 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. According to data from MarketBeat, the stock currently 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.