Riskified (NYSE:RSKD) Director Sells 47,651 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 47,651 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $6.18, for a total transaction of $294,483.18. Following the transaction, the director directly owned 3,311,623 shares in the company, valued at approximately $20,465,830.14. The trade was a 1.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Erez Shachar also recently made the following trade(s):

• On Monday, September 14th, Erez Shachar sold 46,780 shares of Riskified stock. The stock was sold at an average price of $6.28, for a total transaction of $293,778.40.
• On Thursday, September 3rd, Erez Shachar sold 50,000 shares of Riskified stock. The stock was sold at an average price of $6.72, for a total transaction of $336,000.00.
• On Wednesday, September 2nd, Erez Shachar sold 100,000 shares of Riskified stock. The shares were sold at an average price of $6.47, for a total transaction of $647,000.00.
• 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 shares were 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 stock was 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 stock was 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 value of $534,564.36.
• On Monday, August 24th, Erez Shachar sold 102,407 shares of Riskified stock. The shares were sold at an average price of $5.92, for a total value of $606,249.44.

Riskified Stock Up 0.9%

Shares of NYSE:RSKD traded up $0.06 on Wednesday, reaching $6.25. The company had a trading volume of 985,242 shares, compared to its average volume of 997,485. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $6.98. The stock has a 50-day moving average price of $5.72 and a 200 day moving average price of $4.98. The stock has a market capitalization of $926.68 million, a P/E ratio of -56.86 and a beta of 1.38.

Riskified (NYSE:RSKD) last released its quarterly 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. The company had revenue of $98.69 million during 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, sell-side analysts predict that Riskified Ltd. will post -0.03 earnings per share for the current fiscal year.

Institutional Trading of Riskified

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd increased its holdings in shares of Riskified by 57.8% during the 1st quarter. R Squared Ltd now owns 19,813 shares of the company’s stock worth $78,000 after purchasing an additional 7,257 shares during the period. Engineers Gate Manager LP lifted its stake in shares of Riskified by 13.7% in the second quarter. Engineers Gate Manager LP now owns 64,591 shares of the company’s stock valued at $326,000 after buying an additional 7,799 shares during the period. T3 Companies LLC bought a new stake in shares of Riskified in the fourth quarter valued at about $54,000. Modern Wealth Management LLC bought a new stake in shares of Riskified in the first quarter valued at about $56,000. Finally, State of Wyoming grew its position in Riskified by 16.4% during the first quarter. State of Wyoming now owns 107,785 shares of the company’s stock worth $423,000 after buying an additional 15,195 shares in the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. UBS Group increased 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. The Goldman Sachs Group boosted their price objective on shares of Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Keefe, Bruyette & Woods raised their target price on shares of Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a report on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.50.

Riskified Company Profile

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce businesses. Its platform uses data analytics, machine learning and network insights to help merchants distinguish legitimate customers from fraudulent transactions, reduce payment-related losses and improve the online shopping experience.

The company’s product offerings include solutions designed to protect merchants from chargebacks, identify and prevent policy abuse, secure customer accounts and support payment approval decisions.