Riskified (NYSE:RSKD) Director Erez Shachar Sells 139,884 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 139,884 shares of Riskified stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $6.11, for a total value of $854,691.24. Following the completion of the transaction, the director directly owned 866,884 shares of the company’s stock, valued at approximately $5,296,661.24. This trade represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 20th, Erez Shachar sold 157,200 shares of Riskified stock. The shares were sold at an average price of $5.95, for a total value of $935,340.00.
• On Monday, July 27th, Erez Shachar sold 5,586 shares of Riskified stock. The shares were sold at an average price of $5.25, for a total value of $29,326.50.
• On Friday, July 17th, Erez Shachar sold 7,909 shares of Riskified stock. The stock was sold at an average price of $5.19, for a total value of $41,047.71.
• On Monday, July 20th, Erez Shachar sold 27,600 shares of Riskified stock. The stock was sold at an average price of $5.27, for a total value 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 value 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 shares were 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 transaction of $333,327.82.
• On Tuesday, July 7th, Erez Shachar sold 148,221 shares of Riskified stock. The stock was sold at an average price of $5.27, for a total transaction of $781,124.67.

Riskified Trading Down 0.8%

NYSE:RSKD opened at $5.90 on Friday. The stock has a market capitalization of $874.09 million, a price-to-earnings ratio of -53.64 and a beta of 1.38. The firm has a fifty day simple moving average of $5.30 and a two-hundred day simple moving average of $4.76. Riskified Ltd. has a 12 month low of $3.70 and a 12 month high of $6.61.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share 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 firm had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million.

Institutional Investors Weigh In On Riskified

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Riskified in the 2nd quarter worth approximately $36,000. Man Group plc purchased a new stake in shares of Riskified during the fourth quarter valued at approximately $50,000. T3 Companies LLC purchased a new stake in shares of Riskified during the fourth quarter valued at approximately $54,000. Orion Porfolio Solutions LLC bought a new stake in Riskified during the second quarter worth $54,000. Finally, Virtu Financial LLC bought a new stake in Riskified during the third quarter worth $51,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. The Goldman Sachs Group boosted their target price on Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a research report on Wednesday, August 12th. UBS Group increased their price target on Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Keefe, Bruyette & Woods raised their price objective on Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research note on Thursday, August 13th. DA Davidson boosted their price objective on Riskified from $6.00 to $7.50 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a report on Friday, August 14th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.