Riskified (NYSE:RSKD) Director Sells $629,000.00 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 100,000 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $6.29, for a total transaction of $629,000.00. Following the sale, the director owned 1,199,683 shares in the company, valued at $7,546,006.07. The trade was a 7.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 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 transaction 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 transaction 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 transaction 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 transaction 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.
• 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 stock was 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 stock was 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 stock was sold at an average price of $5.25, for a total value of $29,326.50.

Riskified Stock Up 7.7%

NYSE RSKD traded up $0.47 during mid-day trading on Wednesday, hitting $6.66. The stock had a trading volume of 3,960,250 shares, compared to its average volume of 970,795. The company has a 50 day simple moving average of $5.46 and a 200 day simple moving average of $4.85. The company has a market cap of $987.28 million, a price-to-earnings ratio of -60.58 and a beta of 1.38. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $6.68.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Nuveen LLC boosted its stake in shares of Riskified by 3.3% during the 4th quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after purchasing an additional 47,464 shares during the last quarter. Monimus Capital Management LP raised its position in shares of Riskified by 13.2% in the fourth quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock valued at $6,982,000 after buying an additional 164,302 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Riskified by 1.7% in the first 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 during the last quarter. State Street Corp lifted its stake in shares of Riskified by 11.9% during the fourth quarter. State Street Corp now owns 866,456 shares of the company’s stock valued at $4,306,000 after buying an additional 92,019 shares during the period. Finally, Millennium Management LLC boosted its position in Riskified by 335.3% during the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock worth $3,953,000 after acquiring an additional 612,719 shares during the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

RSKD has been the subject of several recent research reports. Keefe, Bruyette & Woods raised their target price on shares of Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a report on Thursday, August 13th. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. UBS Group lifted their price objective on Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $7.50 target price on shares of Riskified in a research note on Monday, August 24th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.