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

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $6.47, for a total value of $647,000.00. Following the completion of the sale, the director directly owned 3,456,054 shares in the company, valued at approximately $22,360,669.38. This trade represents a 2.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $6.27, for a total value 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 value of $629,000.00.
• 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 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 stock was sold at an average price of $5.96, for a total transaction 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 transaction 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.
• On Wednesday, August 19th, Erez Shachar sold 139,884 shares of Riskified stock. The stock was sold at an average price of $6.11, for a total value of $854,691.24.

Riskified Stock Performance

Shares of RSKD opened at $6.51 on Friday. Riskified Ltd. has a one year low of $3.70 and a one year high of $6.98. The stock’s fifty day moving average is $5.57 and its 200-day moving average is $4.89. The firm has a market capitalization of $964.46 million, a price-to-earnings ratio of -59.18 and a beta of 1.38.

Riskified (NYSE:RSKD) last announced its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $89.18 million. Analysts forecast that Riskified Ltd. will post -0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Riskified

Institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System lifted its holdings in shares of Riskified by 404.0% during the second quarter. California State Teachers Retirement System now owns 398,684 shares of the company’s stock valued at $2,009,000 after purchasing an additional 319,580 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Riskified in the 2nd quarter worth about $1,505,000. Renaissance Technologies LLC raised its holdings in Riskified by 1.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock worth $5,327,000 after buying an additional 22,100 shares during the period. Modern Wealth Management LLC purchased a new stake in Riskified during the first quarter valued at about $56,000. Finally, Sei Investments Co. lifted its stake in Riskified by 87.4% during the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock valued at $1,396,000 after buying an additional 166,099 shares in the last quarter. 58.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RSKD has been the topic of several recent analyst reports. DA Davidson reissued a “buy” rating and set a $7.50 target price on shares of Riskified in a report on Monday, August 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. UBS Group boosted their price objective on Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. The Goldman Sachs Group upped their price objective on Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.