Riskified (NYSE:RSKD) CEO Eido Gal Sells 150,000 Shares

Riskified Ltd. (NYSE:RSKD) CEO Eido Gal sold 150,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $6.48, for a total value of $972,000.00. Following the sale, the chief executive officer directly owned 5,302,917 shares in the company, valued at approximately $34,362,902.16. The trade was a 2.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Riskified Stock Down 5.1%

Shares of Riskified stock opened at $6.18 on Wednesday. The business has a fifty day simple moving average of $5.62 and a 200-day simple moving average of $4.92. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $6.98. The firm has a market cap of $915.13 million, a price-to-earnings ratio of -56.15 and a beta of 1.38.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on RSKD. DA Davidson restated a “buy” rating and issued a $7.50 price target on shares of Riskified in a research report on Monday, August 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a report on Friday, August 14th. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. UBS Group upped their target price on Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Finally, Keefe, Bruyette & Woods raised their price target on Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.50.

Institutional Trading of Riskified

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

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.