Insider Selling: Riskified (NYSE:RSKD) Director Sells $22,590.81 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 3,603 shares of Riskified stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $6.27, for a total transaction of $22,590.81. Following the completion of the transaction, the director owned 1,196,080 shares in the company, valued at approximately $7,499,421.60. This trade represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 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 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 stock was 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 shares were sold at an average price of $6.11, for a total value 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 value of $29,326.50.

Riskified Stock Performance

RSKD traded up $0.47 on Wednesday, reaching $6.66. 3,960,250 shares of the company’s stock were exchanged, compared to its average volume of 970,795. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $6.68. The company’s 50 day moving average is $5.46 and its 200-day moving average is $4.85. The company has a market cap of $987.28 million, a price-to-earnings ratio of -60.58 and a beta of 1.38.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Millennium Management LLC boosted its stake in shares of Riskified by 335.3% in the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock valued at $3,953,000 after purchasing an additional 612,719 shares during the period. Anson Funds Management LP grew its holdings in Riskified by 136.0% during the 4th quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock valued at $3,150,000 after purchasing an additional 365,254 shares in the last quarter. California State Teachers Retirement System increased its stake in Riskified by 404.0% during the 2nd quarter. California State Teachers Retirement System now owns 398,684 shares of the company’s stock worth $2,009,000 after buying an additional 319,580 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Riskified during the 2nd quarter worth $1,505,000. Finally, Marshall Wace LLP acquired a new position in Riskified in the 2nd quarter worth $1,453,000. 58.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RSKD has been the subject of a number of research reports. UBS Group upped their price target on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. The Goldman Sachs Group raised their price objective on Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a research report on Wednesday, August 12th. 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. Keefe, Bruyette & Woods upped their target price on 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 Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Riskified currently has a consensus rating of “Hold” and a consensus price target 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.