Insider Selling: Riskified (NYSE:RSKD) CEO Sells $972,000.00 in Stock

Riskified Ltd. (NYSE:RSKD) CEO Eido Gal sold 150,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $6.48, for a total transaction of $972,000.00. Following the transaction, the chief executive officer directly owned 5,302,917 shares in the company, valued at $34,362,902.16. The trade was 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 Stock Performance

Shares of RSKD stock opened at $5.96 on Friday. The company has a market capitalization of $882.23 million, a price-to-earnings ratio of -54.14 and a beta of 1.38. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $6.98. The company has a 50-day simple moving average of $5.66 and a two-hundred day simple moving average of $4.94.

Riskified (NYSE:RSKD) last posted its earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $98.69 million for the quarter, compared to analysts’ expectations of $89.18 million. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. On average, sell-side analysts forecast that Riskified Ltd. will post -0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RSKD. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. UBS Group lifted their price objective 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 boosted their price objective on Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a research note on Wednesday, August 12th. DA Davidson reaffirmed a “buy” rating and set a $7.50 price objective on shares of Riskified in a report on Monday, August 24th. Finally, 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 research report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RSKD. Raymond James Financial Inc. purchased a new position in Riskified during the second quarter worth about $36,000. Man Group plc purchased a new stake in shares of Riskified in the 4th quarter valued at about $50,000. Virtu Financial LLC bought a new stake in shares of Riskified during the 3rd quarter valued at about $51,000. Invesco Ltd. purchased a new position in shares of Riskified during the first quarter worth about $51,000. Finally, T3 Companies LLC bought a new position in shares of Riskified in the fourth quarter worth approximately $54,000. Institutional investors own 58.98% of the company’s stock.

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.