Insider Selling: Riskified (NYSE:RSKD) Director Sells 167,200 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 167,200 shares of Riskified stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $6.30, for a total transaction of $1,053,360.00. Following the completion of the transaction, the director directly owned 1,299,683 shares in the company, valued at $8,188,002.90. This trade represents a 11.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 Thursday, August 27th, Erez Shachar sold 289,400 shares of Riskified stock. The stock was sold at an average price of $6.12, for a total value 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 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 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 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.
• 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 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 shares were sold at an average price of $5.27, for a total transaction of $145,452.00.

Riskified Stock Performance

Shares of Riskified stock traded down $0.01 during midday trading on Monday, hitting $6.30. 2,854,517 shares of the company traded hands, compared to its average volume of 947,493. The firm’s fifty day moving average price is $5.41 and its 200-day moving average price is $4.82. The stock has a market cap of $933.35 million, a price-to-earnings ratio of -57.27 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 quarterly earnings data 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 business had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. Equities research analysts forecast that Riskified Ltd. will post -0.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RSKD shares. UBS Group raised their price objective on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a report on Thursday, August 13th. DA Davidson reaffirmed a “buy” rating and issued a $7.50 price objective on shares of Riskified in a research note on Monday, August 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a report on Friday, August 14th. Keefe, Bruyette & Woods lifted 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 boosted their target price on shares of Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a report on Wednesday, August 12th. 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.50.

Hedge Funds Weigh In On Riskified

A number of hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its position in Riskified by 1.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock valued at $1,502,000 after acquiring an additional 2,900 shares during the last quarter. California State Teachers Retirement System increased its holdings in Riskified by 5.5% in the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock worth $464,000 after purchasing an additional 4,826 shares in the last quarter. Swiss National Bank lifted its stake in Riskified by 3.1% in the fourth quarter. Swiss National Bank now owns 167,513 shares of the company’s stock valued at $833,000 after buying an additional 5,000 shares during the period. Geode Capital Management LLC lifted its stake in Riskified by 18.1% in the fourth quarter. Geode Capital Management LLC now owns 33,828 shares of the company’s stock valued at $168,000 after buying an additional 5,178 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Riskified during the 2nd quarter worth approximately $36,000. 58.98% of the stock is currently owned by institutional investors.

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.