Riskified (NYSE:RSKD) Director Sells $1,053,360.00 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 167,200 shares of the company’s stock in a transaction dated 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 completion of the sale, the director directly owned 1,299,683 shares of the company’s stock, valued at $8,188,002.90. The trade was a 11.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 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 value of $22,590.81.
• On Monday, August 31st, Erez Shachar sold 100,000 shares of Riskified stock. The shares were sold at an average price of $6.29, for a total value of $629,000.00.
• 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 value 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 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 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 shares were sold at an average price of $5.25, for a total transaction of $29,326.50.

Riskified Stock Performance

Shares of RSKD opened at $6.66 on Thursday. The stock has a market capitalization of $987.27 million, a P/E ratio of -60.58 and a beta of 1.38. The company’s fifty day moving average is $5.50 and its two-hundred day moving average is $4.86. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $6.68.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on RSKD shares. UBS Group raised their price objective on shares of Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research report on Thursday, August 13th. The Goldman Sachs Group boosted their target price on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. Keefe, Bruyette & Woods raised their price target on Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a report on Thursday, August 13th. Finally, Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.50.

Institutional Trading of Riskified

Hedge funds and other institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System grew its position in Riskified by 404.0% during the second 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 acquired a new stake in shares of Riskified during the 2nd quarter valued at approximately $1,505,000. Renaissance Technologies LLC lifted its position in shares of Riskified by 1.7% during the 1st 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 period. Modern Wealth Management LLC purchased a new stake in shares of Riskified during the 1st quarter worth approximately $56,000. Finally, Sei Investments Co. grew its holdings in shares of Riskified by 87.4% in the 1st 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 during the period. Institutional investors and hedge funds own 58.98% of the company’s stock.

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.