Riskified Ltd. (NYSE:RSKD – Get Free Report)’s stock price traded up 7.6% during trading on Tuesday . The stock traded as high as $6.81 and last traded at $6.83. Approximately 3,562,063 shares changed hands during trading, an increase of 254% from the average session volume of 1,006,210 shares. The stock had previously closed at $6.35.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a report on Wednesday, August 12th. Keefe, Bruyette & Woods upped their target price on shares of Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research report on Thursday, August 13th. UBS Group raised their target price on Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a report on Friday, August 14th. Finally, DA Davidson reiterated a “buy” rating and issued a $7.50 price target on shares of Riskified in a report on Monday, August 24th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Riskified currently has an average rating of “Hold” and a consensus target price of $6.50.
View Our Latest Analysis on RSKD
Riskified Stock Performance
Riskified (NYSE:RSKD – Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%. On average, analysts expect that Riskified Ltd. will post -0.03 EPS for the current fiscal year.
Insider Buying and Selling
In other Riskified news, Director Erez Shachar sold 47,651 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $6.18, for a total transaction of $294,483.18. Following the transaction, the director owned 3,311,623 shares in the company, valued at $20,465,830.14. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eido Gal sold 150,000 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $6.48, for a total value of $972,000.00. Following the completion of the transaction, the chief executive officer owned 5,302,917 shares in the company, valued at $34,362,902.16. The trade was a 2.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,671,785 shares of company stock valued at $31,848,988 in the last 90 days. 17.40% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in shares of Riskified in the 2nd quarter valued at $1,505,000. Globeflex Capital L P bought a new stake in Riskified during the 4th quarter worth approximately $736,000. Tidal Investments LLC increased its holdings in Riskified by 142.3% in the second quarter. Tidal Investments LLC now owns 214,731 shares of the company’s stock valued at $1,082,000 after purchasing an additional 126,121 shares during the period. Sei Investments Co. raised its position in shares of Riskified by 87.4% during the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock worth $1,396,000 after acquiring an additional 166,099 shares during the last quarter. Finally, Engineers Gate Manager LP raised its holdings in Riskified by 13.7% during the 2nd quarter. Engineers Gate Manager LP now owns 64,591 shares of the company’s stock worth $326,000 after purchasing an additional 7,799 shares during the last quarter. 58.98% of the stock is owned by institutional investors.
About Riskified
Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce businesses. Its platform uses data analytics, machine learning and network insights to help merchants distinguish legitimate customers from fraudulent transactions, reduce payment-related losses and improve the online shopping experience.
The company’s product offerings include solutions designed to protect merchants from chargebacks, identify and prevent policy abuse, secure customer accounts and support payment approval decisions.
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