Insider Selling: Riskified (NYSE:RSKD) Director Sells $867,180.00 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 145,500 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $5.96, for a total transaction of $867,180.00. Following the transaction, the director owned 1,756,283 shares of the company’s stock, valued at $10,467,446.68. This represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 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 value 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 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 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 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 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 transaction 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 transaction 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 transaction of $427,756.63.

Riskified Stock Performance

Shares of RSKD traded up $0.14 during trading hours on Thursday, hitting $6.12. The stock had a trading volume of 1,461,254 shares, compared to its average volume of 932,214. The firm has a 50-day moving average price of $5.36 and a 200 day moving average price of $4.80. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $6.61. The firm has a market capitalization of $905.95 million, a price-to-earnings ratio of -55.59 and a beta of 1.38.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate 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. As a group, analysts predict that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on RSKD. DA Davidson restated a “buy” rating and issued a $7.50 price target on shares of Riskified in a research note on Monday. Keefe, Bruyette & Woods increased their price target on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. The Goldman Sachs Group boosted their price objective on Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a research report on Wednesday, August 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. Two 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.50.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Millennium Management LLC boosted its holdings in Riskified by 335.3% in the 4th 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 during the last quarter. Anson Funds Management LP raised its holdings in shares of Riskified by 136.0% during the fourth quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock valued at $3,150,000 after acquiring an additional 365,254 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Riskified by 404.0% during the second quarter. California State Teachers Retirement System now owns 398,684 shares of the company’s stock valued at $2,009,000 after acquiring an additional 319,580 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Riskified in the second quarter valued at approximately $1,505,000. Finally, Marshall Wace LLP purchased a new position in shares of Riskified in the second quarter valued at approximately $1,453,000. Institutional investors and hedge funds 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.