Riskified (NYSE:RSKD) Sees Strong Trading Volume – Here’s What Happened

Shares of Riskified Ltd. (NYSE:RSKDGet Free Report) saw an uptick in trading volume on Monday . Approximately 524,183 shares changed hands during trading, a decline of 40% from the previous session’s volume of 866,666 shares.The stock last traded at $6.1950 and had previously closed at $6.54.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on RSKD shares. Keefe, Bruyette & Woods raised their price objective on Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research note on Thursday. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. DA Davidson increased their price target on Riskified from $6.00 to $7.50 and gave the company a “buy” rating in a report on Thursday. UBS Group boosted their price objective on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research note on Thursday. Finally, The Goldman Sachs Group raised their target price on shares of Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $6.43.

Get Our Latest Stock Report on RSKD

Riskified Stock Down 4.7%

The stock has a fifty day moving average of $5.18 and a 200-day moving average of $4.70. The firm has a market capitalization of $923.57 million, a P/E ratio of -56.68 and a beta of 1.38.

Riskified (NYSE:RSKDGet Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. The firm had revenue of $98.69 million during the quarter, compared to analysts’ expectations of $89.18 million.

Insider Transactions at Riskified

In other Riskified news, Director Erez Shachar sold 5,586 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $5.25, for a total value of $29,326.50. Following the sale, the director owned 1,168,795 shares in the company, valued at approximately $6,136,173.75. The trade was a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Assaf Feldman sold 206,096 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $6.54, for a total value of $1,347,867.84. Following the transaction, the insider directly owned 1,211,275 shares of the company’s stock, valued at approximately $7,921,738.50. This trade represents a 14.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,193,750 shares of company stock valued at $27,089,981 over the last 90 days. 17.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its position in Riskified by 1.7% in the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after purchasing an additional 22,100 shares in the last quarter. Modern Wealth Management LLC acquired a new position in shares of Riskified during the 1st quarter worth about $56,000. Sei Investments Co. grew its holdings in shares of Riskified by 87.4% in the 1st quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock valued at $1,396,000 after acquiring an additional 166,099 shares in the last quarter. State of Wyoming increased its position in shares of Riskified by 16.4% in the first quarter. State of Wyoming now owns 107,785 shares of the company’s stock valued at $423,000 after acquiring an additional 15,195 shares during the last quarter. Finally, R Squared Ltd raised its holdings in Riskified by 57.8% during the first quarter. R Squared Ltd now owns 19,813 shares of the company’s stock worth $78,000 after acquiring an additional 7,257 shares in the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Company Profile

(Get Free Report)

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.

Further Reading

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