Riskified (NYSE:RSKD) Director Erez Shachar Sells 100,000 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 100,000 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $6.29, for a total value of $629,000.00. Following the sale, the director owned 1,199,683 shares in the company, valued at $7,546,006.07. This trade represents a 7.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 value of $22,590.81.
• On Friday, August 28th, Erez Shachar sold 167,200 shares of Riskified stock. The shares were sold at an average price of $6.30, for a total value 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 value 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 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 shares were 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 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 stock was sold at an average price of $5.25, for a total transaction of $29,326.50.

Riskified Price Performance

NYSE:RSKD traded up $0.47 during trading hours on Wednesday, reaching $6.66. 3,960,250 shares of the company were exchanged, compared to its average volume of 970,795. The firm has a market cap of $987.28 million, a price-to-earnings ratio of -60.58 and a beta of 1.38. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $6.68. The stock has a 50 day simple moving average of $5.46 and a 200 day simple moving average of $4.85.

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 the consensus estimate 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 net margin of 4.23% and a negative return on equity of 3.93%. On average, analysts predict that Riskified Ltd. will post -0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Nuveen LLC lifted its stake in shares of Riskified by 3.3% during the fourth quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after purchasing an additional 47,464 shares in the last quarter. Monimus Capital Management LP grew its stake 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 buying an additional 164,302 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Riskified by 1.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after buying an additional 22,100 shares during the period. State Street Corp raised its stake in shares of Riskified by 11.9% during the fourth quarter. State Street Corp now owns 866,456 shares of the company’s stock valued at $4,306,000 after purchasing an additional 92,019 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Riskified by 335.3% during the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock worth $3,953,000 after purchasing an additional 612,719 shares in the last quarter. 58.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on RSKD. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. 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. The Goldman Sachs Group boosted their target price on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a report on Wednesday, August 12th. 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, Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. 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 company. According to MarketBeat.com, Riskified presently has an average rating of “Hold” and a consensus target price of $6.50.

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.