Insider Selling: Riskified (NYSE:RSKD) CTO Sells $193,200.00 in Stock

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

Riskified Stock Performance

Shares of NYSE RSKD opened at $6.51 on Monday. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $6.98. The firm’s 50-day moving average is $5.57 and its 200-day moving average is $4.90. The firm has a market capitalization of $964.46 million, a PE ratio of -59.18 and a beta of 1.38.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, hitting 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 business had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. As a group, equities research analysts anticipate that Riskified Ltd. will post -0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Nuveen LLC raised its holdings in shares of Riskified by 3.3% during the fourth quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after acquiring an additional 47,464 shares during the period. Monimus Capital Management LP boosted its stake in Riskified by 13.2% in the 4th quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock worth $6,982,000 after purchasing an additional 164,302 shares during the period. Renaissance Technologies LLC boosted its stake in Riskified by 1.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock worth $5,327,000 after purchasing an additional 22,100 shares during the period. State Street Corp increased its holdings in Riskified by 11.9% during the 4th quarter. State Street Corp now owns 866,456 shares of the company’s stock worth $4,306,000 after purchasing an additional 92,019 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Riskified by 335.3% during the 4th quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock worth $3,953,000 after purchasing an additional 612,719 shares in the last quarter. Institutional investors own 58.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. The Goldman Sachs Group raised their target price on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a report on Wednesday, August 12th. Keefe, Bruyette & Woods increased their target price on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a report on Thursday, August 13th. UBS Group boosted their price target on shares of Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a report on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. Finally, DA Davidson reiterated a “buy” rating and set a $7.50 target price on shares of Riskified in a report on Monday, August 24th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Riskified presently has an average rating of “Hold” and an average 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.