Key Points
- Riskified CTO Avi Shauli sold 30,000 shares at an average price of $6.44, generating $193,200. After the sale, he retained 485,625 shares, a 5.82% reduction in his ownership.
- Riskified reported quarterly revenue of $98.69 million, exceeding the $89.18 million consensus estimate, while EPS of $0.02 matched expectations. The company remains unprofitable, with a negative net margin of 4.23%.
- Institutional investors own 58.98% of the stock, with several major holders increasing their positions. Analysts are divided, resulting in a consensus “Hold” rating and an average price target of $6.50.
Riskified Ltd. (NYSE:RSKD - Get Free Report) CTO Avi Shauli sold 30,000 shares of the company's stock in a transaction 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 transaction, the chief technology officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Riskified Price Performance
Shares of NYSE RSKD opened at $6.51 on Friday. The firm has a market capitalization of $964.46 million, a PE ratio of -59.18 and a beta of 1.38. Riskified Ltd. has a 1-year low of $3.70 and a 1-year high of $6.98. The business's fifty day moving average price is $5.57 and its two-hundred day moving average price is $4.89.
Riskified (NYSE:RSKD - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. The company had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. Equities research analysts expect that Riskified Ltd. will post -0.03 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of RSKD. California State Teachers Retirement System raised its stake in shares of Riskified by 404.0% during the second quarter. California State Teachers Retirement System now owns 398,684 shares of the company's stock valued at $2,009,000 after purchasing an additional 319,580 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Riskified in the 2nd quarter valued at about $1,505,000. Renaissance Technologies LLC grew its position in Riskified by 1.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company's stock valued at $5,327,000 after buying an additional 22,100 shares in the last quarter. Modern Wealth Management LLC acquired a new position in Riskified during the 1st quarter valued at about $56,000. Finally, Sei Investments Co. increased 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 buying an additional 166,099 shares during the period. 58.98% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
RSKD has been the subject of a number of analyst reports. Wall Street Zen raised shares of Riskified from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 30th. UBS Group raised their price target on shares of Riskified from $5.00 to $6.75 and gave the company a "neutral" rating in a research note on Thursday, August 13th. Weiss Ratings restated a "sell (d-)" rating on shares of Riskified in a research note on Friday, August 14th. The Goldman Sachs Group lifted their price target on Riskified from $4.75 to $5.50 and gave the company a "sell" rating in a report on Wednesday, August 12th. Finally, DA Davidson reiterated a "buy" rating and set a $7.50 price objective on shares of Riskified in a research report on Monday, August 24th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Riskified presently has a consensus rating of "Hold" and a consensus target price of $6.50.
Get Our Latest Analysis on RSKD
Riskified Company Profile
(
Get Free Report)
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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