Riskified (NYSE:RSKD) Sees Unusually-High Trading Volume – What’s Next?

Riskified Ltd. (NYSE:RSKD) shares saw unusually-strong trading volume on Monday. Approximately 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.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Riskified from $7.50 to $9.00 and gave the company a “buy” rating in a report on Monday, September 28th. DA Davidson reaffirmed a “buy” rating and set a $7.50 price objective on shares of Riskified in a research note on Monday, August 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a report on Friday, August 14th. UBS Group raised their price objective on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research note on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Riskified currently has an average rating of “Hold” and an average target price of $6.83.

Riskified Stock Up 2.3%

The firm has a fifty day moving average price of $6.54 and a 200 day moving average price of $5.37. The company has a market cap of $1.29 billion, a P/E ratio of -79.14 and a beta of 1.25.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The business had revenue of $98.69 million during the quarter, compared to analysts’ expectations of $89.18 million. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%. On average, sell-side analysts anticipate that Riskified Ltd. will post -0.03 earnings per share for the current year.

Insider Transactions at Riskified

In other news, Director Erez Shachar sold 47,651 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $6.18, for a total transaction of $294,483.18. Following the sale, the director directly owned 3,311,623 shares of the company’s stock, valued at $20,465,830.14. This represents a 1.42% 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. Also, insider Ravi Kumaraswami sold 65,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $6.18, for a total transaction of $401,700.00. Following the completion of the sale, the insider directly owned 1,551,246 shares of the company’s stock, valued at approximately $9,586,700.28. This represents a 4.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 2,945,014 shares of company stock worth $18,047,438. Corporate insiders own 17.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Modern Wealth Management LLC acquired a new position in Riskified during the 1st quarter worth $56,000. R Squared Ltd boosted its position in Riskified by 57.8% in the 1st quarter. R Squared Ltd now owns 19,813 shares of the company’s stock valued at $78,000 after buying an additional 7,257 shares during the last quarter. 9823 Capital L.P. acquired a new stake in shares of Riskified in the 4th quarter valued at $182,000. Engineers Gate Manager LP increased its stake in shares of Riskified by 13.7% in the 2nd quarter. Engineers Gate Manager LP now owns 64,591 shares of the company’s stock valued at $326,000 after buying an additional 7,799 shares during the period. Finally, State of Wyoming increased its stake in shares of Riskified by 16.4% in the 1st quarter. State of Wyoming now owns 107,785 shares of the company’s stock valued at $423,000 after buying an additional 15,195 shares during the period. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Company Profile

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.