Riskified (NYSE:RSKD) Director Erez Shachar Sells 89,994 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 89,994 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $5.94, for a total value of $534,564.36. Following the completion of the sale, the director owned 1,901,783 shares in the company, valued at $11,296,591.02. This trade represents a 4.52% decrease in their position. The transaction 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 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 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.
• On Friday, August 21st, Erez Shachar sold 115,500 shares of Riskified stock. The stock was 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 shares were 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 shares were 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 shares were 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 stock was sold at an average price of $5.19, for a total transaction 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 transaction 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 transaction of $402,668.00.
• On Monday, July 13th, Erez Shachar sold 82,103 shares of Riskified stock. The shares were sold at an average price of $5.21, for a total transaction of $427,756.63.

Riskified Price Performance

Shares of RSKD traded up $0.14 during trading hours on Thursday, hitting $6.12. 1,461,254 shares of the stock were exchanged, compared to its average volume of 932,214. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $6.61. The business has a 50-day moving average of $5.36 and a 200-day moving average of $4.80. The firm has a market capitalization of $905.95 million, a P/E ratio of -55.59 and a beta of 1.38.

Riskified (NYSE:RSKD) last announced its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. As a group, analysts forecast that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RSKD has been the topic of several research analyst reports. UBS Group upped their target price on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research report on Thursday, August 13th. DA Davidson reiterated a “buy” rating and issued a $7.50 target price on shares of Riskified in a report on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Finally, Keefe, Bruyette & Woods raised their price objective 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 investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.50.

Hedge Funds Weigh In On Riskified

Several institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in shares of Riskified during the 2nd quarter worth about $36,000. Man Group plc bought a new stake in Riskified in the 4th quarter valued at about $50,000. T3 Companies LLC bought a new stake in Riskified in the 4th quarter valued at about $54,000. Orion Porfolio Solutions LLC acquired a new position in Riskified during the 2nd quarter worth approximately $54,000. Finally, Virtu Financial LLC acquired a new position in Riskified during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

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.