Riskified (NYSE:RSKD) Director Sells 7,909 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 7,909 shares of Riskified stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $5.19, for a total value of $41,047.71. Following the completion of the transaction, the director directly owned 1,201,981 shares of the company’s stock, valued at approximately $6,238,281.39. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, July 20th, Erez Shachar sold 27,600 shares of Riskified stock. The stock was sold at an average price of $5.27, for a total transaction of $145,452.00.
• On Thursday, July 16th, Erez Shachar sold 78,800 shares of Riskified stock. The stock was 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 shares were 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 shares were sold at an average price of $5.22, for a total transaction of $126,992.16.
• On Thursday, July 9th, Erez Shachar sold 64,800 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total transaction of $338,256.00.
• On Wednesday, July 8th, Erez Shachar sold 64,349 shares of Riskified stock. The stock was sold at an average price of $5.18, for a total transaction of $333,327.82.
• On Tuesday, July 7th, Erez Shachar sold 148,221 shares of Riskified stock. The shares were sold at an average price of $5.27, for a total transaction of $781,124.67.
• On Monday, July 6th, Erez Shachar sold 154,436 shares of Riskified stock. The shares were sold at an average price of $5.22, for a total transaction 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 transaction of $1,348,988.92.
• On Wednesday, July 1st, Erez Shachar sold 435,900 shares of Riskified stock. The stock was sold at an average price of $5.02, for a total value of $2,188,218.00.

Riskified Price Performance

Shares of NYSE RSKD traded up $0.12 during mid-day trading on Tuesday, hitting $5.37. The company had a trading volume of 411,780 shares, compared to its average volume of 817,069. The company has a market capitalization of $794.98 million, a PE ratio of -48.77 and a beta of 1.38. Riskified Ltd. has a 1-year low of $3.70 and a 1-year high of $5.49. The business’s 50-day simple moving average is $4.99 and its 200 day simple moving average is $4.62.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RSKD. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Keefe, Bruyette & Woods lifted their price target on shares of Riskified from $5.25 to $5.50 and gave the stock a “market perform” rating in a research note on Monday, July 13th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in shares of Riskified in the 2nd quarter valued at about $36,000. Man Group plc purchased a new stake in Riskified during the fourth quarter worth approximately $50,000. Virtu Financial LLC acquired a new position in Riskified in the third quarter valued at approximately $51,000. Invesco Ltd. acquired a new position in Riskified in the first quarter valued at approximately $51,000. Finally, T3 Companies LLC purchased a new position in Riskified in the fourth quarter valued at approximately $54,000. 58.98% of the stock is owned by institutional investors and hedge funds.

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.