Insider Selling: Riskified (NYSE:RSKD) Director Sells $1,771,128.00 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 289,400 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $6.12, for a total value of $1,771,128.00. Following the completion of the transaction, the director directly owned 1,466,883 shares of the company’s stock, valued at $8,977,323.96. This trade represents a 16.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 1st, Erez Shachar sold 3,603 shares of Riskified stock. The shares were sold at an average price of $6.27, for a total transaction of $22,590.81.
• On Monday, August 31st, Erez Shachar sold 100,000 shares of Riskified stock. The stock was sold at an average price of $6.29, for a total transaction of $629,000.00.
• On Friday, August 28th, Erez Shachar sold 167,200 shares of Riskified stock. The shares were sold at an average price of $6.30, for a total transaction of $1,053,360.00.
• On Wednesday, August 26th, Erez Shachar sold 145,500 shares of Riskified stock. The stock was sold at an average price of $5.96, for a total value of $867,180.00.
• On Tuesday, August 25th, Erez Shachar sold 89,994 shares of Riskified stock. The shares were sold at an average price of $5.94, for a total transaction of $534,564.36.
• On Monday, August 24th, Erez Shachar sold 102,407 shares of Riskified stock. The stock was sold at an average price of $5.92, for a total transaction of $606,249.44.
• On Friday, August 21st, Erez Shachar sold 115,500 shares of Riskified stock. The shares were sold at an average price of $5.89, for a total value of $680,295.00.
• On Thursday, August 20th, Erez Shachar sold 157,200 shares of Riskified stock. The stock was sold at an average price of $5.95, for a total value 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 value 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.

Riskified Stock Performance

Shares of NYSE:RSKD opened at $6.66 on Thursday. The company has a market cap of $987.27 million, a PE ratio of -60.58 and a beta of 1.38. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $6.68. The firm has a 50 day simple moving average of $5.50 and a 200 day simple moving average of $4.86.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $98.69 million for the quarter, compared to analysts’ expectations of $89.18 million. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. On average, equities analysts predict that Riskified Ltd. will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of Riskified during the second quarter worth approximately $36,000. Man Group plc bought a new position in Riskified during the fourth quarter worth $50,000. T3 Companies LLC bought a new position in Riskified during the fourth quarter worth $54,000. Orion Porfolio Solutions LLC acquired a new position in Riskified during the 2nd quarter valued at $54,000. Finally, Virtu Financial LLC acquired a new position in Riskified during the 3rd quarter valued at $51,000. 58.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on RSKD shares. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a report on Friday, August 14th. Keefe, Bruyette & Woods boosted their price target on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. The Goldman Sachs Group upped their price target on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Finally, UBS Group lifted their price target 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. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.50.

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.