Riskified (NYSE:RSKD) Director Sells $336,000.00 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 50,000 shares of Riskified stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $6.72, for a total transaction of $336,000.00. Following the transaction, the director directly owned 3,406,054 shares of the company’s stock, valued at approximately $22,888,682.88. This trade represents a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, September 2nd, Erez Shachar sold 100,000 shares of Riskified stock. The shares were sold at an average price of $6.47, for a total transaction of $647,000.00.
• On Tuesday, September 1st, Erez Shachar sold 3,603 shares of Riskified stock. The stock was sold at an average price of $6.27, for a total transaction of $22,590.81.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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.

Riskified Trading Up 0.6%

Riskified stock opened at $5.96 on Friday. The company has a market capitalization of $882.23 million, a price-to-earnings ratio of -54.14 and a beta of 1.38. Riskified Ltd. has a 12 month low of $3.70 and a 12 month high of $6.98. The stock’s 50 day moving average is $5.66 and its 200-day moving average is $4.94.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $98.69 million during the quarter, compared to analysts’ expectations of $89.18 million. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%. As a group, equities research analysts predict that Riskified Ltd. will post -0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Riskified

Several institutional investors and hedge funds have recently added to or reduced their stakes in RSKD. Millennium Management LLC increased 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 buying an additional 612,719 shares during the period. Anson Funds Management LP boosted its position in Riskified by 136.0% during the 4th quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock worth $3,150,000 after buying an additional 365,254 shares during the period. California State Teachers Retirement System boosted its position 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 bought a new stake in Riskified during the 2nd quarter worth approximately $1,505,000. Finally, Marshall Wace LLP acquired a new position in Riskified in the 2nd quarter valued at approximately $1,453,000. Institutional investors own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

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