Insider Selling: Riskified (NYSE:RSKD) Director Sells 289,400 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 289,400 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $6.12, for a total value of $1,771,128.00. Following the transaction, the director owned 1,466,883 shares in the company, valued at approximately $8,977,323.96. This represents a 16.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 28th, Erez Shachar sold 167,200 shares of Riskified stock. The stock was sold at an average price of $6.30, for a total value of $1,053,360.00.
• 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 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 stock was 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 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 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.
• 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.

Riskified Trading Down 0.2%

RSKD traded down $0.01 on Monday, hitting $6.30. The company had a trading volume of 2,854,517 shares, compared to its average volume of 947,493. The company’s fifty day moving average price is $5.41 and its 200 day moving average price is $4.82. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $6.61. The firm has a market cap of $933.35 million, a P/E ratio of -57.27 and a beta of 1.38.

Riskified (NYSE:RSKD) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) 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 company had revenue of $98.69 million for the quarter, compared to analyst estimates of $89.18 million. On average, analysts predict that Riskified Ltd. will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Nuveen LLC lifted its holdings in shares of Riskified by 3.3% during the fourth 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 period. Monimus Capital Management LP boosted its holdings 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 acquiring an additional 164,302 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Riskified by 1.7% during the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock worth $5,327,000 after acquiring an additional 22,100 shares during the period. State Street Corp raised its holdings in Riskified by 11.9% during the fourth quarter. State Street Corp now owns 866,456 shares of the company’s stock worth $4,306,000 after purchasing an additional 92,019 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Riskified by 335.3% in the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock valued at $3,953,000 after purchasing an additional 612,719 shares during the period. Institutional investors and hedge funds own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RSKD. DA Davidson reissued a “buy” rating and issued a $7.50 price target on shares of Riskified in a research report on Monday, August 24th. Weiss Ratings restated 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 research note on Saturday, May 30th. The Goldman Sachs Group lifted their target price on shares of Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a report on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research note on Thursday, August 13th. Two equities 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.com, the company currently has an average rating of “Hold” and a consensus target price of $6.50.

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.