Riskified (NYSE:RSKD) Sets New 12-Month High – Here’s What Happened

Riskified Ltd. (NYSE:RSKD) hit a new 52-week high during trading on Wednesday . The company traded as high as $5.48 and last traded at $5.4750, with a volume of 66365 shares trading hands. The stock had previously closed at $5.38.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on RSKD shares. Keefe, Bruyette & Woods lifted their price target on shares of Riskified from $5.25 to $5.50 and gave the stock a “market perform” rating in a research note on Monday, July 13th. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.00.

Riskified Stock Down 3.0%

The company has a market capitalization of $771.71 million, a price-to-earnings ratio of -47.35 and a beta of 1.38. The business has a fifty day simple moving average of $5.02 and a two-hundred day simple moving average of $4.63.

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

Insiders Place Their Bets

In other Riskified news, Director Erez Shachar sold 5,586 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $5.25, for a total transaction of $29,326.50. Following the completion of the transaction, the director directly owned 1,168,795 shares in the company, valued at $6,136,173.75. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 4,277,654 shares of company stock valued at $21,445,013 in the last quarter. Corporate insiders own 17.40% of the company’s stock.

Institutional Investors Weigh In On Riskified

Several institutional investors and hedge funds have recently made changes to their positions in RSKD. Millennium Management LLC grew its holdings in shares of Riskified by 335.3% in the 4th quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock worth $3,953,000 after purchasing an additional 612,719 shares during the last quarter. Anson Funds Management LP lifted its holdings in Riskified by 136.0% during the 4th quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock valued at $3,150,000 after purchasing an additional 365,254 shares during the last quarter. Marshall Wace LLP acquired a new position in Riskified in the second quarter valued at about $1,453,000. Trexquant Investment LP boosted its position in Riskified by 298.2% in the fourth quarter. Trexquant Investment LP now owns 311,449 shares of the company’s stock valued at $1,548,000 after buying an additional 233,242 shares in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P acquired a new position in Riskified in the fourth quarter valued at about $1,019,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

About Riskified

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.