Insider Selling: Riskified (NYSE:RSKD) Director Sells $935,340.00 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 157,200 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $5.95, for a total value of $935,340.00. Following the completion of the transaction, the director owned 709,684 shares in the company, valued at $4,222,619.80. This represents a 18.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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 transaction of $854,691.24.
• On Monday, July 27th, Erez Shachar sold 5,586 shares of Riskified stock. The shares were sold at an average price of $5.25, for a total transaction of $29,326.50.
• On Friday, July 17th, Erez Shachar sold 7,909 shares of Riskified stock. The shares were sold at an average price of $5.19, for a total transaction of $41,047.71.
• On Monday, July 20th, Erez Shachar sold 27,600 shares of Riskified stock. The shares were sold at an average price of $5.27, for a total value 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 stock was sold at an average price of $5.21, for a total value 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 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 transaction of $781,124.67.

Riskified Price Performance

NYSE:RSKD traded down $0.05 on Friday, reaching $5.90. 1,242,419 shares of the company’s stock were exchanged, compared to its average volume of 1,595,490. The firm has a market cap of $874.09 million, a price-to-earnings ratio of -53.64 and a beta of 1.38. The stock has a fifty day simple moving average of $5.30 and a 200-day simple moving average of $4.76. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $6.61.

Riskified (NYSE:RSKD) last posted its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $98.69 million for the quarter, compared to analysts’ expectations of $89.18 million. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. bought a new stake in shares of Riskified in the 1st quarter worth about $51,000. Russell Investments Group Ltd. grew its stake in Riskified by 178.2% in the second 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 in the last quarter. Marshall Wace LLP purchased a new position in shares of Riskified during the second quarter valued at $1,453,000. Qube Research & Technologies Ltd lifted its position in shares of Riskified by 7.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock worth $1,355,000 after purchasing an additional 18,690 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Riskified during the second quarter worth $36,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on RSKD shares. Keefe, Bruyette & Woods raised their price objective on Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research report on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a report on Friday, August 14th. The Goldman Sachs Group upped their price objective on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Finally, DA Davidson raised their price target on Riskified from $6.00 to $7.50 and gave the company a “buy” rating in a report on Thursday, August 13th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.50.

Riskified Company Profile

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.