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

Key Points

• Riskified CTO Avi Shauli sold 30,000 shares at an average price of $6.44, totaling $193,200. The sale reduced his direct ownership by 5.82%, leaving him with 485,625 shares.
• Riskified shares recently traded at $6.51, near their 52-week high of $6.98, while the company reported quarterly revenue of $98.69 million and earnings of $0.02 per share, matching analyst estimates for EPS but exceeding revenue expectations.
• Analyst sentiment remains mixed, with an overall “Hold” rating and a consensus price target of $6.50. Institutional investors and hedge funds own approximately 58.98% of the company.

Riskified Ltd. (NYSE:RSKD - Get Free Report) CTO Avi Shauli sold 30,000 shares of Riskified stock in a transaction that occurred on 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 approximately $3,127,425. The trade was a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Riskified Price Performance

NYSE RSKD traded down $0.42 on Friday, reaching $6.51. The stock had a trading volume of 2,560,170 shares, compared to its average volume of 996,604. The firm has a fifty day moving average of $5.54 and a two-hundred day moving average of $4.88. Riskified Ltd. has a 1-year low of $3.70 and a 1-year high of $6.98. The company has a market cap of $964.46 million, a P/E ratio of -59.18 and a beta of 1.38.

Riskified (NYSE:RSKD - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates of $0.02. The company had revenue of $98.69 million during 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%. Research analysts predict that Riskified Ltd. will post -0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Nano Cap New Millennium Growth Fund L P acquired a new position in Riskified in the fourth quarter valued at approximately $1,019,000. Globeflex Capital L P acquired a new stake in shares of Riskified in the 4th quarter worth about $736,000. Sei Investments Co. lifted its stake in Riskified by 87.4% during the 1st 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 in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Riskified during the second quarter worth about $1,505,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Riskified by 1.7% in the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company's stock valued at $5,327,000 after acquiring an additional 22,100 shares in the last quarter. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on RSKD shares. Wall Street Zen raised shares of Riskified from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 30th. Keefe, Bruyette & Woods lifted their price target on shares of Riskified from $5.50 to $6.25 and gave the company a "market perform" rating in a research report on Thursday, August 13th. The Goldman Sachs Group increased their price target on Riskified from $4.75 to $5.50 and gave the stock a "sell" rating in a research report on Wednesday, August 12th. Weiss Ratings restated a "sell (d-)" rating on shares of Riskified in a research note on Friday, August 14th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $7.50 price objective on shares of Riskified in a report on Monday, August 24th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.

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