Erez Shachar Sells 115,500 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 115,500 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $5.89, for a total transaction of $680,295.00. Following the sale, the director owned 2,094,184 shares of the company’s stock, valued at approximately $12,334,743.76. This represents a 5.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 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 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 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 transaction 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 transaction of $29,326.50.
• On Friday, July 17th, Erez Shachar sold 7,909 shares of Riskified stock. The stock was 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.
• On Thursday, July 16th, Erez Shachar sold 78,800 shares of Riskified stock. The shares were sold at an average price of $5.11, for a total value of $402,668.00.
• 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 value of $427,756.63.
• On Friday, July 10th, Erez Shachar sold 24,328 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total value of $126,992.16.
• 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 value of $338,256.00.

Riskified Stock Performance

RSKD stock opened at $6.00 on Thursday. The stock has a market capitalization of $888.90 million, a PE ratio of -54.55 and a beta of 1.38. Riskified Ltd. has a one year low of $3.70 and a one year high of $6.61. The company has a fifty day moving average of $5.36 and a 200-day moving average of $4.80.

Riskified (NYSE:RSKD) last released its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analysts’ expectations of $89.18 million. Equities analysts forecast that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on RSKD shares. Keefe, Bruyette & Woods boosted their target price on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. UBS Group raised their target price on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. DA Davidson restated a “buy” rating and issued a $7.50 price target on shares of Riskified in a report on Monday. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a report on Friday, August 14th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RSKD. Nuveen LLC increased its holdings in 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 boosted its stake in shares of Riskified by 13.2% during 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 boosted its stake in shares of Riskified by 1.7% during the 1st 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 grew its position in shares of 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 buying an additional 92,019 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of 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 buying an additional 612,719 shares in 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.