Riskified (NYSE:RSKD) Director Sells $41,047.71 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 7,909 shares of the business’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of $5.19, for a total transaction of $41,047.71. Following the completion of the sale, the director directly owned 1,201,981 shares of the company’s stock, valued at approximately $6,238,281.39. The trade was a 0.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 Monday, July 20th, Erez Shachar sold 27,600 shares of Riskified stock. The shares were sold at an average price of $5.27, for a total transaction 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 transaction 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 stock was 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 shares were sold at an average price of $5.27, for a total transaction of $781,124.67.
• On Monday, July 6th, Erez Shachar sold 154,436 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total value of $806,155.92.
• On Thursday, July 2nd, Erez Shachar sold 265,549 shares of Riskified stock. The stock was sold at an average price of $5.08, for a total value of $1,348,988.92.

Riskified Trading Down 3.0%

NYSE:RSKD opened at $5.21 on Friday. The stock has a 50 day moving average of $5.02 and a two-hundred day moving average of $4.63. Riskified Ltd. has a 12 month low of $3.70 and a 12 month high of $5.49. The firm has a market cap of $771.71 million, a P/E ratio of -47.35 and a beta of 1.38.

Riskified (NYSE:RSKD) last released its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $88.27 million for the quarter, compared to the consensus estimate of $87.72 million. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%. On average, research analysts forecast that Riskified Ltd. will post -0.01 earnings per share for the current year.

Institutional Investors Weigh In On Riskified

A number of large investors have recently made changes to their positions in RSKD. Millennium Management LLC increased its holdings in shares of Riskified by 335.3% in the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock valued at $3,953,000 after purchasing an additional 612,719 shares during the last quarter. Anson Funds Management LP boosted its stake in Riskified by 136.0% during the fourth quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock worth $3,150,000 after buying an additional 365,254 shares during the last quarter. Marshall Wace LLP acquired a new position in Riskified during the second quarter worth $1,453,000. Trexquant Investment LP grew its holdings in Riskified by 298.2% in the 4th quarter. Trexquant Investment LP now owns 311,449 shares of the company’s stock valued at $1,548,000 after buying an additional 233,242 shares in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in Riskified in the 4th quarter valued at $1,019,000. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RSKD. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Keefe, Bruyette & Woods increased their target price on shares of Riskified from $5.25 to $5.50 and gave the company a “market perform” rating in a research report on Monday, July 13th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $6.00.

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.