Assaf Feldman Sells 32,588 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) CTO Assaf Feldman sold 32,588 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $5.19, for a total transaction of $169,131.72. Following the sale, the chief technology officer owned 1,867,371 shares in the company, valued at $9,691,655.49. This trade represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 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.
• On Friday, May 1st, Assaf Feldman sold 32,590 shares of Riskified stock. The stock was sold at an average price of $4.68, for a total transaction of $152,521.20.

Riskified Stock Down 1.2%

Shares of NYSE:RSKD traded down $0.07 during midday trading on Wednesday, reaching $5.18. 686,919 shares of the company were exchanged, compared to its average volume of 848,633. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $5.68. The stock has a fifty day simple moving average of $4.85 and a two-hundred day simple moving average of $4.60. The firm has a market cap of $768.16 million, a PE ratio of -47.14 and a beta of 1.38.

Riskified (NYSE:RSKD) last announced its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $88.27 million during the quarter, compared to analyst estimates of $87.72 million. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. As a group, analysts forecast that Riskified Ltd. will post -0.01 earnings per share for the current year.

Institutional Trading of Riskified

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in Riskified during the second quarter valued at approximately $36,000. Man Group plc acquired a new position in shares of Riskified during the 4th quarter worth approximately $50,000. T3 Companies LLC bought a new stake in shares of Riskified during the 4th quarter worth approximately $54,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Riskified in the 2nd quarter valued at approximately $54,000. Finally, Virtu Financial LLC acquired a new stake in shares of Riskified in the 3rd quarter valued at approximately $51,000. Institutional investors own 58.98% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $5.96.

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.