Riskified (NYSE:RSKD) CTO Avi Shauli Sells 30,000 Shares

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

Riskified Trading Down 6.1%

RSKD stock opened at $6.51 on Friday. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $6.98. The company has a market capitalization of $964.46 million, a P/E ratio of -59.18 and a beta of 1.38. The firm has a 50 day simple moving average of $5.57 and a 200-day simple moving average of $4.89.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. UBS Group upped their price objective on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research note on Thursday, August 13th. DA Davidson reaffirmed a “buy” rating and set a $7.50 target price on shares of Riskified in a report on Monday, August 24th. The Goldman Sachs Group lifted their target price on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods boosted their price target on Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $6.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System grew its position in shares of Riskified by 404.0% during the 2nd quarter. California State Teachers Retirement System now owns 398,684 shares of the company’s stock valued at $2,009,000 after buying an additional 319,580 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Riskified in the second quarter worth about $1,505,000. Renaissance Technologies LLC lifted its holdings in Riskified by 1.7% in the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock worth $5,327,000 after acquiring an additional 22,100 shares during the last quarter. Modern Wealth Management LLC acquired a new position in Riskified in the first quarter valued at approximately $56,000. Finally, Sei Investments Co. boosted its stake in Riskified by 87.4% in the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock valued at $1,396,000 after acquiring an additional 166,099 shares during the period. 58.98% of the stock is owned by institutional investors and hedge funds.

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.