Riskified (NYSE:RSKD) Director Erez Shachar Sells 50,000 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 50,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $6.72, for a total transaction of $336,000.00. Following the transaction, the director directly owned 3,406,054 shares in the company, valued at approximately $22,888,682.88. The trade was a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 stock was 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 shares were 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 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 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.
• 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 value 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 value of $935,340.00.

Riskified Stock Down 5.1%

Shares of Riskified stock traded down $0.33 on Tuesday, hitting $6.18. 1,479,373 shares of the company’s stock traded hands, compared to its average volume of 999,427. The stock has a market cap of $915.12 million, a P/E ratio of -56.15 and a beta of 1.38. The firm’s 50-day moving average is $5.60 and its 200 day moving average is $4.91. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $6.98.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. The firm had revenue of $98.69 million for the quarter, compared to analysts’ expectations of $89.18 million. Equities research analysts forecast that Riskified Ltd. will post -0.03 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on RSKD. Keefe, Bruyette & Woods lifted their price target 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 restated a “buy” rating and set a $7.50 price objective on shares of Riskified in a research note on Monday, August 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a report on Friday, August 14th. 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. Finally, UBS Group upped their price target on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Riskified has an average rating of “Hold” and a consensus price target of $6.50.

Hedge Funds Weigh In On Riskified

A number of large investors have recently bought and sold shares of RSKD. Raymond James Financial Inc. acquired a new position in Riskified in the second quarter valued at approximately $36,000. Man Group plc acquired a new stake in shares of Riskified during the 4th quarter worth approximately $50,000. Virtu Financial LLC bought a new stake in shares of Riskified in the 3rd quarter worth approximately $51,000. Invesco Ltd. acquired a new position in Riskified during the 1st quarter valued at approximately $51,000. Finally, T3 Companies LLC acquired a new position in Riskified during the 4th quarter valued at approximately $54,000. Institutional investors own 58.98% of the company’s stock.

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.