Insider Selling: Riskified (NYSE:RSKD) Director Sells $293,778.40 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 46,780 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $6.28, for a total value of $293,778.40. Following the transaction, the director owned 3,359,274 shares of the company’s stock, valued at $21,096,240.72. The trade was a 1.37% decrease in their ownership of the stock. The sale 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 Tuesday, September 15th, Erez Shachar sold 47,651 shares of Riskified stock. The stock was sold at an average price of $6.18, for a total transaction of $294,483.18.
• 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 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 value of $1,053,360.00.
• On Thursday, August 27th, Erez Shachar sold 289,400 shares of Riskified stock. The stock was 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 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 value of $534,564.36.
• 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.

Riskified Stock Down 1.5%

Shares of RSKD stock opened at $6.21 on Friday. The company has a 50 day moving average price of $5.78 and a 200-day moving average price of $5.01. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $6.98. The firm has a market capitalization of $920.75 million, a PE ratio of -56.50 and a beta of 1.38.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Riskified

Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in shares of Riskified by 1.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after buying an additional 22,100 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Riskified in the 2nd quarter worth $1,505,000. Sei Investments Co. raised its holdings in Riskified by 87.4% during the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock valued at $1,396,000 after acquiring an additional 166,099 shares during the period. Tidal Investments LLC raised its holdings in Riskified by 142.3% during the second quarter. Tidal Investments LLC now owns 214,731 shares of the company’s stock valued at $1,082,000 after acquiring an additional 126,121 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Riskified in the fourth quarter valued at about $1,019,000. 58.98% of the stock is currently owned by institutional investors.

About Riskified

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.