Erez Shachar Sells 115,500 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 115,500 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $5.89, for a total transaction of $680,295.00. Following the transaction, the director owned 2,094,184 shares in the company, valued at $12,334,743.76. The trade was a 5.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 Monday, August 24th, Erez Shachar sold 102,407 shares of Riskified stock. The shares were sold at an average price of $5.92, for a total transaction of $606,249.44.
• 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 transaction of $935,340.00.
• On Wednesday, August 19th, Erez Shachar sold 139,884 shares of Riskified stock. The stock was sold at an average price of $6.11, for a total transaction of $854,691.24.
• On Monday, July 27th, Erez Shachar sold 5,586 shares of Riskified stock. The stock was sold at an average price of $5.25, for a total transaction of $29,326.50.
• 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 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 shares were sold at an average price of $5.21, for a total value 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 value 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 value of $338,256.00.

Riskified Trading Down 0.3%

RSKD stock traded down $0.01 during midday trading on Tuesday, hitting $5.93. The company had a trading volume of 849,750 shares, compared to its average volume of 927,186. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $6.61. The stock’s 50 day moving average price is $5.32 and its 200 day moving average price is $4.77. The stock has a market cap of $879.27 million, a price-to-earnings ratio of -53.95 and a beta of 1.38.

Riskified (NYSE:RSKD) last issued its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $89.18 million. Analysts predict that Riskified Ltd. will post -0.01 earnings per share for the current year.

Hedge Funds Weigh In On Riskified

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. purchased a new stake in Riskified in the first quarter worth about $51,000. Russell Investments Group Ltd. raised its position in shares of Riskified by 178.2% in 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 shares of Riskified in the 2nd quarter worth approximately $1,453,000. Qube Research & Technologies Ltd lifted its stake in shares of Riskified by 7.4% in the 2nd 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 during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Riskified in the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

RSKD has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. DA Davidson reiterated a “buy” rating and set a $7.50 target price on shares of Riskified in a report on Monday. UBS Group raised their target price on Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. The Goldman Sachs Group boosted 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, Keefe, Bruyette & Woods upped their price target on Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Riskified currently 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.