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

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

Riskified Trading Down 5.1%

RSKD stock traded down $0.33 during midday trading on Tuesday, reaching $6.18. The company had a trading volume of 1,479,373 shares, compared to its average volume of 999,427. The company has a 50 day moving average of $5.60 and a two-hundred day moving average of $4.91. The company has a market capitalization of $915.12 million, a P/E ratio of -56.15 and a beta of 1.38. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $6.98.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.02 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 business had revenue of $98.69 million for the quarter, compared to analysts’ expectations of $89.18 million. On average, sell-side analysts anticipate that Riskified Ltd. will post -0.03 earnings per share for the current year.

Institutional Trading of Riskified

Several large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in shares of Riskified in the 2nd quarter valued at approximately $36,000. Man Group plc bought a new stake in Riskified during the fourth quarter worth approximately $50,000. Virtu Financial LLC acquired a new position in Riskified during the third quarter valued at approximately $51,000. Invesco Ltd. acquired a new position in Riskified during the first quarter valued at approximately $51,000. Finally, T3 Companies LLC bought a new position in shares of Riskified in the fourth quarter valued at approximately $54,000. Institutional investors own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RSKD. DA Davidson reaffirmed a “buy” rating and set a $7.50 price target on shares of Riskified in a research note on Monday, August 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a report on Friday, August 14th. The Goldman Sachs Group raised their price objective on shares of Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a research report on Wednesday, August 12th. UBS Group boosted their target price on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Riskified currently has a consensus rating of “Hold” and an average target price of $6.50.

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.