Key Points
- CTO Assaf Feldman sold 32,590 shares at an average price of $4.68 under a Rule 10b5-1 plan, generating $152,521.20 and reducing his ownership by 1.48% to 2,163,125 shares.
- Recent quarter beat expectations with $0.12 EPS vs. $0.10 and $99.33M revenue vs. $97.21M, though the company still shows a negative ROE (-5.63%) and net margin (-8.0%).
- Riskified shares trade around $4.85 with a market cap of about $717.8M, and analysts hold a consensus "Hold" rating with an average price target of $5.96 (3 Buy, 3 Hold, 1 Sell).
Riskified Ltd. (NYSE:RSKD - Get Free Report) CTO Assaf Feldman sold 32,590 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $4.68, for a total value of $152,521.20. Following the transaction, the chief technology officer owned 2,163,125 shares of the company's stock, valued at approximately $10,123,425. This trade represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Riskified Trading Up 2.0%
Riskified stock opened at $4.85 on Tuesday. The stock has a market cap of $717.79 million, a P/E ratio of -28.50 and a beta of 1.39. The stock has a 50 day moving average of $4.29 and a 200-day moving average of $4.58. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $5.68.
Riskified (NYSE:RSKD - Get Free Report) last released its earnings results on Wednesday, March 4th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $99.33 million during the quarter, compared to analysts' expectations of $97.21 million. Riskified had a negative return on equity of 5.63% and a negative net margin of 8.00%.
Analysts Set New Price Targets
Several equities analysts have recently commented on RSKD shares. Truist Financial reduced their target price on Riskified from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Thursday, March 5th. Wall Street Zen upgraded Riskified from a "hold" rating to a "buy" rating in a research note on Sunday, March 15th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $5.96.
View Our Latest Report on RSKD
Institutional Investors Weigh In On Riskified
Several institutional investors and hedge funds have recently made changes to their positions in the company. Clearline Capital LP raised its position in shares of Riskified by 23.8% during the 3rd quarter. Clearline Capital LP now owns 3,106,045 shares of the company's stock valued at $14,536,000 after acquiring an additional 597,765 shares in the last quarter. Harvey Partners LLC raised its position in shares of Riskified by 20.4% during the 3rd quarter. Harvey Partners LLC now owns 3,093,000 shares of the company's stock valued at $14,475,000 after acquiring an additional 523,855 shares in the last quarter. Nuveen LLC raised its position in shares of Riskified by 3.3% during the 4th quarter. Nuveen LLC now owns 1,476,002 shares of the company's stock valued at $7,336,000 after acquiring an additional 47,464 shares in the last quarter. Monimus Capital Management LP raised its position in shares of Riskified by 13.2% during the 4th quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company's stock valued at $6,982,000 after acquiring an additional 164,302 shares in the last quarter. Finally, TFJ Management LLC raised its position in shares of Riskified by 31.7% during the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company's stock valued at $6,524,000 after acquiring an additional 335,399 shares in the last quarter. 58.98% of the stock is owned by institutional investors and hedge funds.
About Riskified
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
