Riskified (NYSE:RSKD) Director Sells 27,600 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 27,600 shares of Riskified stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $5.27, for a total transaction of $145,452.00. Following the transaction, the director owned 1,174,381 shares of the company’s stock, valued at approximately $6,188,987.87. The trade was a 2.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 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 transaction 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 transaction of $427,756.63.
• On Friday, July 10th, Erez Shachar sold 24,328 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total value of $126,992.16.
• On Thursday, July 9th, Erez Shachar sold 64,800 shares of Riskified stock. The shares were sold at an average price of $5.22, for a total value of $338,256.00.
• On Wednesday, July 8th, Erez Shachar sold 64,349 shares of Riskified stock. The shares were 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 stock was sold at an average price of $5.27, for a total value of $781,124.67.
• On Monday, July 6th, Erez Shachar sold 154,436 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total value of $806,155.92.
• On Thursday, July 2nd, Erez Shachar sold 265,549 shares of Riskified stock. The stock was sold at an average price of $5.08, for a total value of $1,348,988.92.
• On Wednesday, July 1st, Erez Shachar sold 435,900 shares of Riskified stock. The shares were sold at an average price of $5.02, for a total value of $2,188,218.00.
• On Tuesday, June 30th, Erez Shachar sold 281,501 shares of Riskified stock. The shares were sold at an average price of $5.02, for a total value of $1,413,135.02.

Riskified Stock Performance

Riskified stock traded up $0.12 during midday trading on Tuesday, reaching $5.37. 374,090 shares of the company were exchanged, compared to its average volume of 816,806. The company has a market capitalization of $794.84 million, a price-to-earnings ratio of -48.77 and a beta of 1.38. The firm’s 50-day simple moving average is $4.99 and its 200-day simple moving average is $4.62. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $5.49.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $88.27 million for the quarter, compared to analysts’ expectations of $87.72 million. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. On average, analysts forecast that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RSKD has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their price target on Riskified from $5.25 to $5.50 and gave the company a “market perform” rating in a report on Monday, July 13th. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.00.

Institutional Trading of Riskified

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