Riskified (NYSE:RSKD) CFO Sells 19,200 Shares of Stock

Riskified Ltd. (NYSE:RSKD) CFO Aglika Dotcheva sold 19,200 shares of Riskified stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $5.20, for a total transaction of $99,840.00. Following the completion of the sale, the chief financial officer owned 1,690,874 shares of the company’s stock, valued at approximately $8,792,544.80. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Aglika Dotcheva also recently made the following trade(s):

• On Thursday, July 2nd, Aglika Dotcheva sold 800 shares of Riskified stock. The stock was sold at an average price of $5.20, for a total value of $4,160.00.
• On Wednesday, July 1st, Aglika Dotcheva sold 20,000 shares of Riskified stock. The stock was sold at an average price of $5.01, for a total value of $100,200.00.
• On Tuesday, May 19th, Aglika Dotcheva sold 400 shares of Riskified stock. The shares were sold at an average price of $5.00, for a total value of $2,000.00.

Riskified Stock Down 1.2%

Shares of NYSE:RSKD traded down $0.07 during trading on Wednesday, reaching $5.18. 686,919 shares of the company traded hands, compared to its average volume of 848,633. The firm has a market capitalization of $768.16 million, a PE ratio of -47.14 and a beta of 1.38. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $5.68. The company’s 50 day moving average is $4.85 and its two-hundred day moving average is $4.60.

Riskified (NYSE:RSKD) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $88.27 million for 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, research analysts anticipate that Riskified Ltd. will post -0.01 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of Riskified in the 2nd quarter valued at approximately $36,000. Man Group plc bought a new position in Riskified in the 4th quarter valued at approximately $50,000. T3 Companies LLC bought a new position in Riskified in the 4th quarter valued at approximately $54,000. Orion Porfolio Solutions LLC acquired a new stake in Riskified in the second quarter valued at approximately $54,000. Finally, Virtu Financial LLC acquired a new stake in Riskified in the third quarter valued at approximately $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.