Insider Selling: Riskified (NYSE:RSKD) CTO Sells 30,000 Shares of Stock

Riskified Ltd. (NYSE:RSKD) CTO Avi Shauli sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $6.44, for a total transaction of $193,200.00. Following the completion of the transaction, the chief technology officer owned 485,625 shares of the company’s stock, valued at $3,127,425. This trade represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Riskified Stock Performance

RSKD traded down $0.42 on Friday, reaching $6.51. The company had a trading volume of 2,560,170 shares, compared to its average volume of 996,604. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $6.98. The business has a 50 day simple moving average of $5.54 and a 200 day simple moving average of $4.88. The company has a market cap of $964.46 million, a price-to-earnings ratio of -59.18 and a beta of 1.38.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $98.69 million during the quarter, compared to analyst estimates of $89.18 million. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. As a group, equities research analysts predict that Riskified Ltd. will post -0.03 EPS for the current fiscal year.

Institutional Trading of Riskified

Several large investors have recently added to or reduced their stakes in RSKD. Public Employees Retirement System of Ohio raised its holdings in Riskified by 1.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock worth $1,502,000 after purchasing an additional 2,900 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Riskified by 5.5% during the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock valued at $464,000 after buying an additional 4,826 shares during the period. Swiss National Bank increased its position in shares of Riskified by 3.1% during the fourth quarter. Swiss National Bank now owns 167,513 shares of the company’s stock valued at $833,000 after buying an additional 5,000 shares during the period. Geode Capital Management LLC raised its stake in Riskified by 18.1% in the fourth quarter. Geode Capital Management LLC now owns 33,828 shares of the company’s stock worth $168,000 after buying an additional 5,178 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Riskified in the second quarter worth about $36,000. Institutional investors own 58.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on RSKD shares. DA Davidson reissued a “buy” rating and issued a $7.50 target price on shares of Riskified in a research note on Monday, August 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. The Goldman Sachs Group lifted their target price on shares of Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. Keefe, Bruyette & Woods upped their price target on shares of Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a report on Thursday, August 13th. Finally, UBS Group increased their price target on shares of Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research report 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 stock. According to MarketBeat, Riskified currently has an average rating of “Hold” and a consensus target price of $6.50.

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.