Riskified (NYSE:RSKD) Director Sells $606,249.44 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 102,407 shares of Riskified stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $5.92, for a total value of $606,249.44. Following the completion of the transaction, the director directly owned 1,991,777 shares in the company, valued at $11,791,319.84. This represents a 4.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 transaction 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 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 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 transaction 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 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 transaction 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 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 shares were sold at an average price of $5.21, for a total transaction of $427,756.63.

Riskified Stock Up 2.4%

RSKD opened at $6.12 on Friday. The stock has a fifty day moving average of $5.38 and a 200-day moving average of $4.81. The firm has a market capitalization of $905.94 million, a P/E ratio of -55.59 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 issued its earnings results on Thursday, August 13th. The company reported $0.02 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 business had revenue of $98.69 million during the quarter, compared to analysts’ expectations of $89.18 million. On average, analysts expect that Riskified Ltd. will post -0.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. UBS Group boosted their price objective on shares of Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research report on Thursday, August 13th. DA Davidson reiterated a “buy” rating and issued a $7.50 price objective on shares of Riskified in a research note on Monday. Keefe, Bruyette & Woods increased their target price on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. Finally, 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 research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.50.

Institutional Investors Weigh In On Riskified

A number of hedge funds and other institutional investors have recently made changes to their positions in RSKD. California State Teachers Retirement System lifted its holdings in shares of Riskified by 404.0% during the 2nd quarter. California State Teachers Retirement System now owns 398,684 shares of the company’s stock valued at $2,009,000 after buying an additional 319,580 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Riskified in the second quarter worth approximately $1,505,000. Renaissance Technologies LLC raised its position in Riskified by 1.7% during 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 in the last quarter. Modern Wealth Management LLC bought a new position in Riskified during the first quarter valued at approximately $56,000. Finally, Sei Investments Co. lifted its stake in Riskified by 87.4% in the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock valued at $1,396,000 after acquiring an additional 166,099 shares during the last quarter. 58.98% of the stock is owned by hedge funds and other institutional investors.

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.