Riskified (NYSE:RSKD) Director Sells $29,326.50 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 5,586 shares of the business’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $5.25, for a total transaction of $29,326.50. Following the completion of the transaction, the director owned 1,168,795 shares of the company’s stock, valued at approximately $6,136,173.75. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Erez Shachar also recently made the following trade(s):

• On Friday, July 17th, Erez Shachar sold 7,909 shares of Riskified stock. The shares were sold at an average price of $5.19, for a total transaction of $41,047.71.
• On Monday, July 20th, Erez Shachar sold 27,600 shares of Riskified stock. The shares were sold at an average price of $5.27, for a total transaction of $145,452.00.
• On Thursday, July 16th, Erez Shachar sold 78,800 shares of Riskified stock. The shares were sold at an average price of $5.11, for a total transaction of $402,668.00.
• On Monday, July 13th, Erez Shachar sold 82,103 shares of Riskified stock. The stock was sold at an average price of $5.21, for a total transaction of $427,756.63.
• On Friday, July 10th, Erez Shachar sold 24,328 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total transaction of $126,992.16.
• On Thursday, July 9th, Erez Shachar sold 64,800 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total transaction of $338,256.00.
• On Wednesday, July 8th, Erez Shachar sold 64,349 shares of Riskified stock. The shares were sold at an average price of $5.18, for a total value of $333,327.82.
• On Tuesday, July 7th, Erez Shachar sold 148,221 shares of Riskified stock. The shares were sold at an average price of $5.27, for a total value of $781,124.67.
• On Monday, July 6th, Erez Shachar sold 154,436 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total value of $806,155.92.
• On Thursday, July 2nd, Erez Shachar sold 265,549 shares of Riskified stock. The stock was sold at an average price of $5.08, for a total value of $1,348,988.92.

Riskified Trading Down 0.7%

Shares of RSKD opened at $5.20 on Friday. The firm has a market cap of $770.68 million, a P/E ratio of -47.29 and a beta of 1.38. Riskified Ltd. has a 12 month low of $3.70 and a 12 month high of $5.49. The stock’s 50 day moving average is $5.03 and its two-hundred day moving average is $4.63.

Riskified (NYSE:RSKD) last announced its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%.The business had revenue of $88.27 million during the quarter, compared to the consensus estimate of $87.72 million. Equities research analysts forecast that Riskified Ltd. will post -0.01 EPS for the current year.

Institutional Trading of Riskified

A number of hedge funds have recently bought and sold shares of RSKD. Renaissance Technologies LLC lifted its stake in Riskified by 1.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock worth $5,327,000 after purchasing an additional 22,100 shares in the last quarter. Modern Wealth Management LLC purchased a new stake in shares of Riskified in the first quarter valued at approximately $56,000. Sei Investments Co. increased its holdings in shares of Riskified by 87.4% in the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock valued at $1,396,000 after purchasing an additional 166,099 shares during the last quarter. State of Wyoming increased its holdings in shares of Riskified by 16.4% in the first quarter. State of Wyoming now owns 107,785 shares of the company’s stock valued at $423,000 after purchasing an additional 15,195 shares during the last quarter. Finally, R Squared Ltd lifted its position in Riskified by 57.8% during the first quarter. R Squared Ltd now owns 19,813 shares of the company’s stock worth $78,000 after buying an additional 7,257 shares in the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

RSKD has been the topic of several recent analyst reports. 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 target price on shares of Riskified from $5.25 to $5.50 and gave the company a “market perform” rating in a research report on Monday, July 13th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Riskified has a consensus rating of “Hold” and a consensus price target of $6.00.

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.