Aglika Dotcheva Sells 180,000 Shares of Riskified (NYSE:RSKD) Stock

Key Points

• Riskified CFO Aglika Dotcheva sold 180,000 shares at an average price of $5.95, generating $1.07 million. The Rule 10b5-1 transaction reduced her direct holdings by 10.65% to 1.51 million shares.
• Riskified shares rose to $6.54, near their 52-week high of $6.61, while trading volume significantly exceeded the stock’s average. The company reported quarterly revenue of $98.69 million, above the $89.18 million analyst estimate, and EPS of $0.02 in line with expectations.
• Analyst views remain mixed, with a consensus “Hold” rating and an average price target of $6.43. Recent targets range from $5.50 at Goldman Sachs to $7.50 at DA Davidson.

Riskified Ltd. (NYSE:RSKD - Get Free Report) CFO Aglika Dotcheva sold 180,000 shares of Riskified stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $5.95, for a total value of $1,071,000.00. Following the transaction, the chief financial officer directly owned 1,510,874 shares in the company, valued at approximately $8,989,700.30. This trade represents a 10.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 14th, Aglika Dotcheva sold 80,000 shares of Riskified stock. The stock was sold at an average price of $6.52, for a total transaction of $521,600.00.
• On Monday, July 6th, Aglika Dotcheva sold 19,200 shares of Riskified stock. The shares were sold at an average price of $5.20, for a total transaction of $99,840.00.
• On Thursday, July 2nd, Aglika Dotcheva sold 800 shares of Riskified stock. The shares were sold at an average price of $5.20, for a total transaction 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 transaction of $100,200.00.
• On Tuesday, May 19th, Aglika Dotcheva sold 400 shares of Riskified stock. The stock was sold at an average price of $5.00, for a total transaction of $2,000.00.

Riskified Stock Performance

Shares of NYSE:RSKD traded up $0.09 during midday trading on Friday, hitting $6.54. 3,278,040 shares of the stock were exchanged, compared to its average volume of 869,949. The company has a market capitalization of $968.16 million, a PE ratio of -59.41 and a beta of 1.38. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $6.61. The business's fifty day simple moving average is $5.15 and its two-hundred day simple moving average is $4.69.

Riskified (NYSE:RSKD - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02. Riskified had a negative return on equity of 3.64% and a negative net margin of 4.23%.The firm had revenue of $98.69 million for the quarter, compared to the consensus estimate of $89.18 million. As a group, equities analysts anticipate that Riskified Ltd. will post -0.01 EPS for the current year.

Institutional Trading of Riskified

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of Riskified during the 2nd quarter valued at about $36,000. Man Group plc acquired a new stake in Riskified in the 4th quarter worth approximately $50,000. T3 Companies LLC acquired a new stake in Riskified in the 4th quarter worth approximately $54,000. Orion Porfolio Solutions LLC bought a new stake in Riskified during the second quarter worth approximately $54,000. Finally, Virtu Financial LLC bought a new stake in Riskified during the third quarter worth approximately $51,000. Institutional investors own 58.98% of the company's stock.

Wall Street Analyst Weigh In

RSKD has been the topic of a number of research reports. The Goldman Sachs Group increased their price objective on Riskified from $4.75 to $5.50 and gave the stock a "sell" rating in a report on Wednesday. Wall Street Zen upgraded shares of Riskified from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 30th. 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. Keefe, Bruyette & Woods increased their price target on shares of Riskified from $5.50 to $6.25 and gave the stock a "market perform" rating in a research note on Thursday. Finally, DA Davidson raised their price target on shares of Riskified from $6.00 to $7.50 and gave the company a "buy" rating in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $6.43.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source