Riskified (NYSE:RSKD) Director Sells $126,992.16 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 24,328 shares of the company’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $5.22, for a total value of $126,992.16. Following the completion of the sale, the director directly owned 1,472,293 shares of the company’s stock, valued at approximately $7,685,369.46. This trade represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 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.
• 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 transaction 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 transaction of $1,348,988.92.
• On Wednesday, July 1st, Erez Shachar sold 435,900 shares of Riskified stock. The stock was sold at an average price of $5.02, for a total transaction of $2,188,218.00.
• On Tuesday, June 30th, Erez Shachar sold 281,501 shares of Riskified stock. The shares were sold at an average price of $5.02, for a total transaction of $1,413,135.02.
• On Monday, June 29th, Erez Shachar sold 220,600 shares of Riskified stock. The shares were sold at an average price of $5.05, for a total transaction of $1,114,030.00.
• On Friday, June 26th, Erez Shachar sold 356,000 shares of Riskified stock. The stock was sold at an average price of $5.02, for a total value of $1,787,120.00.

Riskified Stock Performance

RSKD stock traded down $0.04 during midday trading on Tuesday, hitting $5.18. 385,480 shares of the company’s stock were exchanged, compared to its average volume of 838,251. The stock’s fifty day moving average price is $4.91 and its 200-day moving average price is $4.61. The company has a market cap of $767.12 million, a PE ratio of -47.07 and a beta of 1.38. Riskified Ltd. has a one year low of $3.70 and a one year high of $5.68.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $88.27 million during 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, analysts expect that Riskified Ltd. will post -0.01 EPS for the current year.

Institutional Trading of Riskified

A number of institutional investors have recently modified their holdings of RSKD. Harvey Partners LLC boosted its position in shares of Riskified by 20.4% during the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock worth $14,475,000 after buying an additional 523,855 shares during the period. Nuveen LLC raised its position in Riskified by 3.3% in the 4th quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock valued at $7,336,000 after buying an additional 47,464 shares during the last quarter. Monimus Capital Management LP raised its position in Riskified by 13.2% in the 4th 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 lifted its stake in Riskified by 1.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after acquiring an additional 22,100 shares in the last quarter. Finally, State Street Corp lifted its stake in Riskified by 11.9% in the 4th quarter. State Street Corp now owns 866,456 shares of the company’s stock valued at $4,306,000 after acquiring an additional 92,019 shares in the last quarter. 58.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of Riskified from $5.25 to $5.50 and gave the stock a “market perform” rating in a report on Monday. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.