Riskified (NYSE:RSKD) Director Erez Shachar Sells 89,994 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 89,994 shares of Riskified stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $5.94, for a total transaction of $534,564.36. Following the transaction, the director directly owned 1,901,783 shares of the company’s stock, valued at approximately $11,296,591.02. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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 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 transaction 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 transaction 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 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 stock was 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 value of $427,756.63.

Riskified Stock Up 2.4%

Shares of Riskified stock opened at $6.12 on Friday. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $6.61. The business has a 50-day moving average price of $5.38 and a 200 day moving average price of $4.81. The firm has a market cap of $905.94 million, a PE 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 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The company had revenue of $98.69 million during the quarter, compared to analysts’ expectations 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 expect that Riskified Ltd. will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Riskified

Institutional investors have recently bought and sold shares of the company. Nuveen LLC increased its stake in Riskified by 3.3% during the 4th quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after buying an additional 47,464 shares in the last quarter. Monimus Capital Management LP lifted its position in shares of Riskified by 13.2% in the fourth quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock valued at $6,982,000 after acquiring an additional 164,302 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Riskified by 1.7% in 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. State Street Corp boosted its stake in shares of Riskified by 11.9% in the fourth quarter. State Street Corp now owns 866,456 shares of the company’s stock worth $4,306,000 after acquiring an additional 92,019 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Riskified by 335.3% in the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock worth $3,953,000 after acquiring an additional 612,719 shares during the last quarter. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RSKD. Keefe, Bruyette & Woods upped their target price on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research note on Thursday, August 13th. DA Davidson reissued a “buy” rating and issued a $7.50 price target on shares of Riskified in a research note on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a report on Friday, August 14th. UBS Group upped their price objective on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Finally, The Goldman Sachs Group upped their price objective on shares of Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.50.

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.