Avi Shauli Sells 30,000 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) CTO Avi Shauli sold 30,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $6.44, for a total value of $193,200.00. Following the completion of the transaction, 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 document filed with the SEC, which is available at this hyperlink.

Riskified Stock Performance

NYSE RSKD opened at $6.51 on Friday. The stock has a market cap of $964.46 million, a price-to-earnings ratio of -59.18 and a beta of 1.38. The business has a 50 day simple moving average of $5.57 and a 200 day simple moving average of $4.89. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $6.98.

Riskified (NYSE:RSKD) last issued its quarterly 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 3.93% and a negative net margin of 4.23%.The company had revenue of $98.69 million for the quarter, compared to analyst estimates of $89.18 million. On average, analysts predict that Riskified Ltd. will post -0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RSKD. The Goldman Sachs Group increased their price target on Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a research report on Wednesday, August 12th. Keefe, Bruyette & Woods boosted their target price on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a report on Thursday, August 13th. 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 lifted their price objective on shares of Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Finally, DA Davidson restated a “buy” rating and set a $7.50 price objective on shares of Riskified in a research note on Monday, August 24th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6.50.

Institutional Investors Weigh In On Riskified

A number of large investors have recently bought and sold shares of RSKD. Invesco Ltd. bought a new position in Riskified in the 1st quarter valued at about $51,000. Russell Investments Group Ltd. boosted its position in shares of Riskified by 178.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock worth $1,125,000 after acquiring an additional 144,431 shares in the last quarter. Marshall Wace LLP bought a new position in Riskified in the second quarter valued at approximately $1,453,000. Qube Research & Technologies Ltd raised its position in Riskified by 7.4% during the second quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock valued at $1,355,000 after purchasing an additional 18,690 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Riskified during the second quarter worth $36,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

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.