Riskified (NYSE:RSKD) Director Erez Shachar Sells 167,200 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 167,200 shares of Riskified stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $6.30, for a total transaction of $1,053,360.00. Following the transaction, the director directly owned 1,299,683 shares in the company, valued at approximately $8,188,002.90. The trade was a 11.40% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Thursday, August 27th, Erez Shachar sold 289,400 shares of Riskified stock. The stock was 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 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 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 shares were 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 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 stock was 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.
• 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 value 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.

Riskified Price Performance

RSKD opened at $6.30 on Tuesday. The firm has a market capitalization of $933.35 million, a PE ratio of -57.27 and a beta of 1.38. The business’s 50-day moving average is $5.44 and its two-hundred day moving average is $4.84. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $6.61.

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

Institutional Trading of Riskified

Several large investors have recently added to or reduced their stakes in RSKD. Raymond James Financial Inc. acquired a new position in shares of Riskified in the second quarter valued at about $36,000. Man Group plc acquired a new stake in shares of Riskified during the fourth quarter worth about $50,000. T3 Companies LLC acquired a new stake in shares of Riskified during the fourth quarter worth about $54,000. Orion Porfolio Solutions LLC purchased a new stake in Riskified in the second quarter valued at approximately $54,000. Finally, Virtu Financial LLC purchased a new stake in Riskified in the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. DA Davidson reissued a “buy” rating and set a $7.50 target price on shares of Riskified in a research report on Monday, August 24th. UBS Group lifted their price target on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Finally, Keefe, Bruyette & Woods raised their price objective on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.