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

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 89,994 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $5.94, for a total value of $534,564.36. Following the sale, the director owned 1,901,783 shares in the company, valued at approximately $11,296,591.02. This represents a 4.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 shares were 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 shares were 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 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 shares were sold at an average price of $5.25, for a total value 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 shares were 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 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.

Riskified Trading Up 3.4%

RSKD stock opened at $6.33 on Friday. The firm has a 50 day moving average of $5.41 and a 200-day moving average of $4.82. The firm has a market capitalization of $937.79 million, a P/E ratio of -57.55 and a beta of 1.38. Riskified Ltd. has a 12 month low of $3.70 and a 12 month high of $6.61.

Riskified (NYSE:RSKD) last posted 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. 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 analyst estimates of $89.18 million. Sell-side analysts predict that Riskified Ltd. will post -0.03 EPS for the current year.

Analyst Upgrades and Downgrades

RSKD has been the topic of several research analyst reports. UBS Group upped their price target on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a report on Thursday, August 13th. DA Davidson reissued a “buy” rating and set a $7.50 price objective on shares of Riskified in a research note on Monday, August 24th. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. Finally, Keefe, Bruyette & Woods raised their price target on Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a report on Thursday, August 13th. Two research 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. According to MarketBeat, Riskified has a consensus rating of “Hold” and a consensus target price of $6.50.

Hedge Funds Weigh In On Riskified

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Globeflex Capital L P purchased a new stake in shares of Riskified during the 4th quarter valued at $736,000. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Riskified during the 4th quarter worth $1,019,000. Sei Investments Co. grew its position in Riskified by 87.4% in the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock worth $1,396,000 after acquiring an additional 166,099 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Riskified in the second quarter worth $1,505,000. Finally, Renaissance Technologies LLC increased its stake in 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 acquiring an additional 22,100 shares during the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Riskified Company Profile

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.