Erez Shachar Sells 139,884 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 139,884 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $6.11, for a total transaction of $854,691.24. Following the completion of the transaction, the director directly owned 866,884 shares of the company’s stock, valued at approximately $5,296,661.24. This trade represents a 13.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 20th, Erez Shachar sold 157,200 shares of Riskified stock. The stock was sold at an average price of $5.95, for a total value of $935,340.00.
• 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 shares were 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 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 stock was 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 shares were sold at an average price of $5.22, for a total transaction 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 transaction of $338,256.00.
• On Wednesday, July 8th, Erez Shachar sold 64,349 shares of Riskified stock. The stock was sold at an average price of $5.18, for a total value of $333,327.82.
• On Tuesday, July 7th, Erez Shachar sold 148,221 shares of Riskified stock. The shares were sold at an average price of $5.27, for a total transaction of $781,124.67.

Riskified Stock Performance

Shares of Riskified stock traded down $0.05 during trading hours on Friday, reaching $5.90. The company’s stock had a trading volume of 1,242,419 shares, compared to its average volume of 1,595,490. The company has a market capitalization of $874.09 million, a P/E ratio of -53.64 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 stock’s fifty day simple moving average is $5.30 and its two-hundred day simple moving average is $4.76.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The firm 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%.

Analyst Ratings Changes

A number of brokerages recently issued reports on RSKD. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. DA Davidson boosted their price objective on shares of Riskified from $6.00 to $7.50 and gave the stock a “buy” rating in a report on Thursday, August 13th. Keefe, Bruyette & Woods increased their target price on Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a report on Thursday, August 13th. UBS Group increased their price target 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. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.50.

Institutional Trading of Riskified

Several institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. purchased a new position in Riskified in the 1st quarter worth approximately $51,000. Russell Investments Group Ltd. increased its holdings in shares of Riskified by 178.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock worth $1,125,000 after buying an additional 144,431 shares during the last quarter. Marshall Wace LLP purchased a new stake in Riskified during the second quarter valued at approximately $1,453,000. Qube Research & Technologies Ltd lifted its position in Riskified by 7.4% in the second quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock worth $1,355,000 after buying an additional 18,690 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Riskified during the 2nd quarter worth about $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.