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

Riskified Ltd. (NYSE:RSKD) CEO Eido Gal sold 150,000 shares of the company’s 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 transaction, the chief executive officer owned 5,302,917 shares in the company, valued at approximately $34,362,902.16. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Riskified Price Performance

Shares of RSKD opened at $5.95 on Thursday. Riskified Ltd. has a 1-year low of $3.70 and a 1-year high of $6.98. The company has a market capitalization of $880.75 million, a P/E ratio of -54.05 and a beta of 1.38. The firm’s 50 day simple moving average is $5.64 and its 200 day simple moving average is $4.93.

Riskified (NYSE:RSKD) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. The firm had revenue of $98.69 million for the quarter, compared to analyst estimates of $89.18 million. On average, equities analysts anticipate that Riskified Ltd. will post -0.03 earnings per share for the current year.

Institutional Investors Weigh In On Riskified

Several institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its position in Riskified by 1.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock worth $1,502,000 after acquiring an additional 2,900 shares during the last quarter. California State Teachers Retirement System lifted its position in Riskified by 5.5% in the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock valued at $464,000 after purchasing an additional 4,826 shares during the last quarter. Swiss National Bank lifted its position in Riskified by 3.1% in the fourth quarter. Swiss National Bank now owns 167,513 shares of the company’s stock valued at $833,000 after purchasing an additional 5,000 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Riskified by 18.1% during the fourth quarter. Geode Capital Management LLC now owns 33,828 shares of the company’s stock valued at $168,000 after purchasing an additional 5,178 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Riskified in the second quarter worth approximately $36,000. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on RSKD. UBS Group increased their price objective on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Keefe, Bruyette & Woods upped their target price on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research note on Thursday, August 13th. The Goldman Sachs Group lifted their price target 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. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $7.50 price objective on shares of Riskified in a research note on Monday, August 24th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Riskified has a consensus rating of “Hold” and a consensus 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.