Riskified (NYSE:RSKD) Director Erez Shachar Sells 145,500 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 145,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $5.96, for a total transaction of $867,180.00. Following the transaction, the director owned 1,756,283 shares of the company’s stock, valued at approximately $10,467,446.68. This represents a 7.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 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 transaction 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 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 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 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 stock was 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.
• 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 value 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 value of $427,756.63.

Riskified Stock Performance

NYSE RSKD opened at $6.12 on Friday. The business has a 50 day simple moving average of $5.38 and a 200 day simple moving average of $4.81. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $6.61. The stock has a market cap of $905.94 million, a price-to-earnings ratio of -55.59 and a beta of 1.38.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The firm 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%. On average, analysts predict that Riskified Ltd. will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Riskified

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its stake in shares of 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 last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Riskified in the 2nd quarter valued at about $1,505,000. Renaissance Technologies LLC increased its position in shares of Riskified by 1.7% in the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after acquiring an additional 22,100 shares during the last quarter. Modern Wealth Management LLC acquired a new stake in shares of Riskified in the first quarter valued at about $56,000. Finally, Sei Investments Co. raised its holdings in Riskified by 87.4% during the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock worth $1,396,000 after acquiring an additional 166,099 shares in the last quarter. 58.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on RSKD. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a 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. DA Davidson reaffirmed a “buy” rating and set a $7.50 price objective on shares of Riskified in a research report on Monday. Keefe, Bruyette & Woods increased their price objective on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a report on Thursday, August 13th. Finally, UBS Group lifted their target price on Riskified from $5.00 to $6.75 and gave the company a “neutral” 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.