Riskified (NYSE:RSKD) Director Erez Shachar Sells 102,407 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 102,407 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $5.92, for a total transaction of $606,249.44. Following the completion of the transaction, the director owned 1,991,777 shares in the company, valued at $11,791,319.84. This represents a 4.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 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 transaction of $680,295.00.
• 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 shares were 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 stock was 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 stock was 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 shares were 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 shares were sold at an average price of $5.22, for a total value of $338,256.00.

Riskified Stock Down 0.3%

Shares of RSKD stock opened at $5.93 on Wednesday. The firm has a market capitalization of $879.27 million, a price-to-earnings ratio of -53.95 and a beta of 1.38. The stock has a fifty day moving average of $5.34 and a 200 day moving average of $4.78. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $6.61.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) 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 business had revenue of $98.69 million for the quarter, compared to the consensus estimate of $89.18 million. Equities research analysts anticipate that Riskified Ltd. will post -0.01 earnings per share for the current year.

Institutional Investors Weigh In On Riskified

Several hedge funds have recently added to or reduced their stakes in RSKD. Invesco Ltd. bought a new position in shares of Riskified during the first quarter valued at $51,000. Russell Investments Group Ltd. raised its holdings in Riskified by 178.2% in the second quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock worth $1,125,000 after buying an additional 144,431 shares during the last quarter. Marshall Wace LLP purchased a new position in Riskified in the second quarter worth about $1,453,000. Qube Research & Technologies Ltd lifted its stake in shares of Riskified by 7.4% in the second quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock worth $1,355,000 after buying an additional 18,690 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Riskified in the second quarter worth approximately $36,000. 58.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RSKD. The Goldman Sachs Group increased their price target on shares of Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. DA Davidson reiterated a “buy” rating and set a $7.50 target price on shares of Riskified in a report on Monday. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. UBS Group raised their target price on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.