Insider Selling: Riskified (NYSE:RSKD) Director Sells $680,295.00 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 115,500 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $5.89, for a total transaction of $680,295.00. Following the sale, the director owned 2,094,184 shares of the company’s stock, valued at approximately $12,334,743.76. The trade was a 5.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 26th, Erez Shachar sold 145,500 shares of Riskified stock. The stock was 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 stock was 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 Thursday, August 20th, Erez Shachar sold 157,200 shares of Riskified stock. The stock was 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 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 stock was 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 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 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 shares were sold at an average price of $5.21, for a total transaction of $427,756.63.

Riskified Stock Up 2.4%

Riskified stock opened at $6.12 on Friday. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $6.61. The firm has a market capitalization of $905.94 million, a price-to-earnings ratio of -55.59 and a beta of 1.38. The firm has a 50-day moving average price of $5.38 and a two-hundred day moving average price of $4.81.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $98.69 million for the quarter, compared to analyst estimates of $89.18 million. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. Research analysts expect that Riskified Ltd. will post -0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

RSKD has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research note on Thursday, August 13th. DA Davidson reiterated a “buy” rating and issued a $7.50 target price on shares of Riskified in a research report on Monday. The Goldman Sachs Group raised their target price on shares of Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a research note on Wednesday, August 12th. 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 note on Thursday, August 13th. Finally, Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.50.

Hedge Funds Weigh In On Riskified

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in Riskified in the 2nd quarter worth about $36,000. Man Group plc purchased a new stake in Riskified during the fourth quarter valued at about $50,000. Virtu Financial LLC acquired a new position in shares of Riskified in the third quarter worth about $51,000. Invesco Ltd. acquired a new position in shares of Riskified in the first quarter worth about $51,000. Finally, T3 Companies LLC purchased a new position in shares of Riskified in the fourth quarter worth approximately $54,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

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.