Riskified (NYSE:RSKD) Director Erez Shachar Sells 3,603 Shares

Riskified Ltd. (NYSE:RSKDGet Free Report) Director Erez Shachar sold 3,603 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $6.27, for a total value of $22,590.81. Following the completion of the transaction, the director directly owned 1,196,080 shares of the company’s stock, valued at $7,499,421.60. This represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • 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 value 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 value of $1,053,360.00.
  • On Thursday, August 27th, Erez Shachar sold 289,400 shares of Riskified stock. The shares were 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 stock was sold at an average price of $5.94, for a total transaction 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 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 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.

Riskified Stock Performance

RSKD opened at $6.66 on Thursday. The company has a 50-day moving average of $5.50 and a 200-day moving average of $4.86. The company has a market capitalization of $987.27 million, a P/E ratio of -60.58 and a beta of 1.38. Riskified Ltd. has a 1-year low of $3.70 and a 1-year high of $6.68.

Riskified (NYSE:RSKDGet Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $98.69 million for 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%. As a group, sell-side analysts expect that Riskified Ltd. will post -0.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. Keefe, Bruyette & Woods raised their price objective 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 reaffirmed a “buy” rating and issued a $7.50 price objective on shares of Riskified in a report on Monday, August 24th. Finally, Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.50.

Read Our Latest Report on RSKD

Institutional Trading of Riskified

Hedge funds have recently made changes to their positions in the stock. Invesco Ltd. acquired a new stake in Riskified in the first quarter worth $51,000. Russell Investments Group Ltd. grew its position in shares of Riskified by 178.2% during the second quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock worth $1,125,000 after acquiring an additional 144,431 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Riskified in the 2nd quarter worth about $1,453,000. Qube Research & Technologies Ltd increased its holdings in shares of Riskified by 7.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock worth $1,355,000 after acquiring an additional 18,690 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Riskified in the 2nd quarter valued at about $36,000. Institutional investors own 58.98% of the company’s stock.

About Riskified

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Riskified (NYSE:RSKD)

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