Riskified Ltd. (NYSE:RSKD – Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 1,677,771 shares changed hands during mid-day trading, an increase of 136% from the previous session’s volume of 711,765 shares.The stock last traded at $4.7980 and had previously closed at $4.61.
Analyst Ratings Changes
Several equities analysts recently issued reports on RSKD shares. Wall Street Zen upgraded Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, March 15th. Truist Financial dropped their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $5.96.
Check Out Our Latest Analysis on RSKD
Riskified Trading Up 3.4%
Riskified (NYSE:RSKD – Get Free Report) last issued its earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $88.27 million during the quarter, compared to the consensus estimate of $87.72 million. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%.
Insider Activity
In other news, CTO Assaf Feldman sold 32,590 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $4.68, for a total transaction of $152,521.20. Following the transaction, the chief technology officer directly owned 2,163,125 shares of the company’s stock, valued at $10,123,425. This represents a 1.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.40% of the company’s stock.
Hedge Funds Weigh In On Riskified
Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of Riskified during the 2nd quarter worth $36,000. Man Group plc acquired a new stake in shares of Riskified in the 4th quarter worth approximately $50,000. T3 Companies LLC acquired a new stake in Riskified in the 4th quarter valued at about $54,000. Orion Porfolio Solutions LLC acquired a new stake in Riskified in the 2nd quarter valued at about $54,000. Finally, Virtu Financial LLC acquired a new stake in Riskified in the 3rd quarter valued at about $51,000. 58.98% of the stock is owned by institutional investors and hedge funds.
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.
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