Riskified Ltd. (NYSE:RSKD – Get Free Report) shares saw strong trading volume on Monday. 1,644,748 shares traded hands during trading, an increase of 42% from the previous session’s volume of 1,160,316 shares. The stock last traded at $8.6550 and had previously closed at $8.53.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. UBS Group boosted their target price on Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. The Goldman Sachs Group upped their price target on Riskified from $5.50 to $7.50 and gave the company a “sell” rating in a report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. Keefe, Bruyette & Woods raised their price objective on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a report on Thursday, August 13th. Finally, Zacks Research downgraded shares of Riskified from a “hold” rating to a “strong sell” rating in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $7.17.
Read Our Latest Report on RSKD
Riskified Trading Down 0.9%
Riskified (NYSE:RSKD – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $98.69 million for the quarter, compared to analyst estimates of $89.18 million. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. As a group, equities research analysts predict that Riskified Ltd. will post -0.03 earnings per share for the current year.
Insider Buying and Selling
In other news, insider Assaf Feldman sold 450,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $6.01, for a total transaction of $2,704,500.00. Following the completion of the sale, the insider owned 1,417,371 shares in the company, valued at $8,518,399.71. This represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aglika Dotcheva sold 180,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $5.95, for a total value of $1,071,000.00. Following the sale, the chief financial officer owned 1,510,874 shares of the company’s stock, valued at $8,989,700.30. This trade represents a 10.65% 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. Over the last quarter, insiders have sold 2,945,014 shares of company stock valued at $18,047,438. Company insiders own 17.40% of the company’s stock.
Hedge Funds Weigh In On Riskified
Several institutional investors have recently bought and sold shares of RSKD. R Squared Ltd boosted its position in shares of Riskified by 57.8% in 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 during the last quarter. Engineers Gate Manager LP grew its holdings in Riskified by 13.7% in the second quarter. Engineers Gate Manager LP now owns 64,591 shares of the company’s stock valued at $326,000 after purchasing an additional 7,799 shares during the period. Modern Wealth Management LLC acquired a new position in Riskified during the first quarter worth approximately $56,000. State of Wyoming increased its position in Riskified by 16.4% during the first quarter. State of Wyoming now owns 107,785 shares of the company’s stock worth $423,000 after purchasing an additional 15,195 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Riskified by 1.7% during the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock worth $5,327,000 after purchasing an additional 22,100 shares during the last quarter. 58.98% of the stock is owned by institutional investors and hedge funds.
About Riskified
Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce merchants. Its platform uses data analytics, machine learning and behavioral insights to help online businesses distinguish legitimate customers from fraudulent activity while reducing friction during the purchasing process.
The company’s products are designed to address risks across the digital commerce lifecycle, including payment fraud, chargebacks, account takeover, policy abuse and other forms of customer or transaction abuse.
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