Assaf Feldman Sells 230,512 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) CTO Assaf Feldman sold 230,512 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $5.02, for a total value of $1,157,170.24. Following the sale, the chief technology officer directly owned 1,932,613 shares in the company, valued at $9,701,717.26. This represents a 10.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 Friday, May 1st, Assaf Feldman sold 32,590 shares of Riskified stock. The shares were sold at an average price of $4.68, for a total value of $152,521.20.

Riskified Price Performance

RSKD opened at $5.24 on Wednesday. The business has a fifty day moving average price of $4.85 and a 200 day moving average price of $4.60. Riskified Ltd. has a 12 month low of $3.70 and a 12 month high of $5.68. The stock has a market capitalization of $775.57 million, a price-to-earnings ratio of -47.59 and a beta of 1.38.

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

Institutional Investors Weigh In On Riskified

Several large investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Riskified in the 2nd quarter valued at $36,000. Man Group plc purchased a new position in Riskified during the 4th quarter worth $50,000. Virtu Financial LLC purchased a new stake in shares of Riskified in the third quarter valued at about $51,000. Invesco Ltd. purchased a new stake in shares of Riskified in the first quarter valued at about $51,000. Finally, T3 Companies LLC acquired a new stake in shares of Riskified during the fourth quarter worth about $54,000. 58.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.