Riskified (NYSE:RSKD) Director Erez Shachar Sells 47,651 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 47,651 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $6.18, for a total transaction of $294,483.18. Following the completion of the sale, the director owned 3,311,623 shares of the company’s stock, valued at approximately $20,465,830.14. The trade was a 1.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, September 14th, Erez Shachar sold 46,780 shares of Riskified stock. The shares were sold at an average price of $6.28, for a total transaction of $293,778.40.
• On Thursday, September 3rd, Erez Shachar sold 50,000 shares of Riskified stock. The shares were sold at an average price of $6.72, for a total transaction of $336,000.00.
• On Wednesday, September 2nd, Erez Shachar sold 100,000 shares of Riskified stock. The stock was sold at an average price of $6.47, for a total transaction of $647,000.00.
• On Tuesday, September 1st, Erez Shachar sold 3,603 shares of Riskified stock. The stock was sold at an average price of $6.27, for a total value 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 value 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 value of $1,053,360.00.
• On Thursday, August 27th, Erez Shachar sold 289,400 shares of Riskified stock. The shares were sold at an average price of $6.12, for a total value of $1,771,128.00.
• On Wednesday, August 26th, Erez Shachar sold 145,500 shares of Riskified stock. The shares were 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 stock was sold at an average price of $5.94, for a total value 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 value of $606,249.44.

Riskified Price Performance

RSKD opened at $6.25 on Thursday. The company has a market capitalization of $926.68 million, a PE ratio of -56.86 and a beta of 1.38. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $6.98. The business has a 50-day moving average of $5.74 and a 200-day moving average of $4.99.

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

More Riskified News

Here are the key news stories impacting Riskified this week:

• Positive Sentiment: Riskified announced that its Identity Risk Intelligence technology is being integrated into Zendesk’s workflow. The integration will provide retailers with real-time signals to help customer-service agents resolve return claims faster while identifying potential returns fraud. The initiative could expand Riskified’s reach among Zendesk customers and support demand for its fraud-prevention platform. Riskified Brings Identity Risk Intelligence to Zendesk
• Neutral Sentiment: Brokerages have assigned Riskified a consensus rating of “Hold,” suggesting analysts see balanced upside and downside rather than a strong near-term catalyst. The rating could temper buying interest despite the company’s recent operational progress. Riskified Receives Consensus Rating of Hold
• Negative Sentiment: Company insider Ravi Kumaraswami sold 65,000 shares for approximately $401,700, reducing his holdings by 4.02%. Director Erez Shachar also sold 47,651 shares for about $294,483 on September 15 and 46,780 shares for approximately $293,778 on September 14. The combined selling may raise concerns about insider confidence, although Kumaraswami’s transaction was executed under a pre-arranged Rule 10b5-1 trading plan, which can make the sale less indicative of a change in business outlook. Ravi Kumaraswami SEC filing Erez Shachar SEC filing

Institutional Investors Weigh In On Riskified

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its position in Riskified by 1.7% during the first 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 during the period. Sei Investments Co. raised its position 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 period. Public Employees Retirement System of Ohio bought a new position in shares of Riskified in the second quarter valued at approximately $1,505,000. Tidal Investments LLC lifted its stake in shares of Riskified by 142.3% in the second quarter. Tidal Investments LLC now owns 214,731 shares of the company’s stock worth $1,082,000 after buying an additional 126,121 shares during the last quarter. Finally, Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Riskified in the fourth quarter worth $1,019,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RSKD has been the subject of several recent research reports. DA Davidson reissued a “buy” rating and issued a $7.50 target price on shares of Riskified in a research report on Monday, August 24th. 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 report on Thursday, August 13th. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. The Goldman Sachs Group upped their price objective on shares of Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a report on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. Two 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.com, Riskified presently has an average rating of “Hold” and a consensus target price of $6.50.

Riskified Company Profile

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce businesses. Its platform uses data analytics, machine learning and network insights to help merchants distinguish legitimate customers from fraudulent transactions, reduce payment-related losses and improve the online shopping experience.

The company’s product offerings include solutions designed to protect merchants from chargebacks, identify and prevent policy abuse, secure customer accounts and support payment approval decisions.