Riskified Ltd. (NYSE:RSKD – Get Free Report) insider Assaf Feldman sold 450,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $6.01, for a total value of $2,704,500.00. Following the completion of the sale, the insider directly owned 1,417,371 shares of the company’s stock, valued at approximately $8,518,399.71. This trade represents a 24.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $6.54, for a total value of $1,347,867.84.
- 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 Trading Up 1.3%
Shares of RSKD traded up $0.09 on Friday, reaching $6.54. 3,278,040 shares of the company’s stock traded hands, compared to its average volume of 869,949. The stock’s 50 day simple moving average is $5.15 and its two-hundred day simple moving average is $4.69. The stock has a market cap of $968.16 million, a PE ratio of -59.41 and a beta of 1.38. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $6.61.
Analysts Set New Price Targets
RSKD has been the topic of a number of 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 boosted their price objective on shares of Riskified from $6.00 to $7.50 and gave the company a “buy” rating in a research note on Thursday. 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. UBS Group increased their target price on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods raised their price target on shares of Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a report on Thursday. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $6.43.
Read Our Latest Stock Analysis on RSKD
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its stake in Riskified by 1.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock valued at $1,502,000 after acquiring an additional 2,900 shares during the last quarter. California State Teachers Retirement System raised its position in Riskified by 5.5% during the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock valued at $464,000 after purchasing an additional 4,826 shares in the last quarter. Swiss National Bank lifted its stake in Riskified by 3.1% during the fourth quarter. Swiss National Bank now owns 167,513 shares of the company’s stock worth $833,000 after purchasing an additional 5,000 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Riskified by 18.1% in the 4th quarter. Geode Capital Management LLC now owns 33,828 shares of the company’s stock worth $168,000 after purchasing an additional 5,178 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Riskified in the 2nd quarter worth about $36,000. 58.98% of the stock is currently owned by hedge funds and other 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.
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