Riskified (NYSE:RSKD) Director Sells $647,000.00 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 100,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $6.47, for a total transaction of $647,000.00. Following the completion of the sale, the director owned 3,456,054 shares in the company, valued at $22,360,669.38. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 Monday, August 31st, Erez Shachar sold 100,000 shares of Riskified stock. The stock was sold at an average price of $6.29, for a total transaction of $629,000.00.
• 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 transaction of $1,053,360.00.
• On Thursday, August 27th, Erez Shachar sold 289,400 shares of Riskified stock. The shares were 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 shares were 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 stock was 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 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.

Riskified Stock Performance

Riskified stock opened at $6.51 on Friday. The stock has a fifty day moving average of $5.57 and a two-hundred day moving average of $4.89. The company has a market capitalization of $964.46 million, a price-to-earnings ratio of -59.18 and a beta of 1.38. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $6.98.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $98.69 million for the quarter, compared to the consensus estimate of $89.18 million. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%. On average, analysts forecast that Riskified Ltd. will post -0.03 EPS for the current fiscal year.

Institutional Trading of Riskified

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSKD. Invesco Ltd. acquired a new position in shares of Riskified during the 1st quarter valued at about $51,000. Russell Investments Group Ltd. boosted its position in shares of Riskified by 178.2% in the second quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock worth $1,125,000 after acquiring an additional 144,431 shares during the last quarter. Marshall Wace LLP purchased a new stake in Riskified in the second quarter valued at approximately $1,453,000. Qube Research & Technologies Ltd grew its holdings in Riskified by 7.4% in the second quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock valued at $1,355,000 after purchasing an additional 18,690 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Riskified during the second quarter worth approximately $36,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RSKD. Keefe, Bruyette & Woods raised 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. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. 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. The Goldman Sachs Group raised their target price on shares of Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Finally, UBS Group boosted their price target on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Riskified presently has a consensus rating of “Hold” and a consensus target price 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.