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

Riskified Ltd. (NYSE:RSKD) CEO Eido Gal sold 150,000 shares of Riskified stock in a transaction 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 transaction, the chief executive officer owned 5,302,917 shares in the company, valued at $34,362,902.16. This trade represents a 2.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Riskified Trading Down 5.1%

Riskified stock traded down $0.33 on Tuesday, reaching $6.18. 1,479,373 shares of the stock were exchanged, compared to its average volume of 999,427. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $6.98. The firm has a fifty day moving average price of $5.60 and a two-hundred day moving average price of $4.91. The stock has a market cap of $915.12 million, a PE ratio of -56.15 and a beta of 1.38.

Riskified (NYSE:RSKD) last issued 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. The company had revenue of $98.69 million for the quarter, compared to the consensus estimate of $89.18 million. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%. Equities analysts anticipate that Riskified Ltd. will post -0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RSKD has been the subject of a number of research analyst reports. UBS Group upped their price target on Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a report on Thursday, August 13th. The Goldman Sachs Group raised their price objective 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. Keefe, Bruyette & Woods increased 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, DA Davidson restated a “buy” rating and issued a $7.50 price target on shares of Riskified in a research report on Monday, August 24th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.50.

Institutional Investors Weigh In On Riskified

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

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.