Riskified (NYSE:RSKD) Director Erez Shachar Sells 100,000 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $6.29, for a total transaction of $629,000.00. Following the completion of the sale, the director owned 1,199,683 shares of the company’s stock, valued at approximately $7,546,006.07. This trade represents a 7.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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 transaction of $22,590.81.
• 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 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 stock was 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 shares were 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.

Riskified Trading Up 7.7%

Shares of NYSE RSKD opened at $6.66 on Thursday. Riskified Ltd. has a one year low of $3.70 and a one year high of $6.68. The firm has a market capitalization of $987.27 million, a PE ratio of -60.58 and a beta of 1.38. The business has a 50-day moving average price of $5.50 and a two-hundred day moving average price of $4.86.

Riskified (NYSE:RSKD) last issued its 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 company had revenue of $98.69 million for the quarter, compared to the consensus estimate of $89.18 million. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%. Research analysts anticipate that Riskified Ltd. will post -0.03 EPS for the current year.

Hedge Funds Weigh In On Riskified

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Riskified in the second quarter valued at approximately $36,000. Man Group plc acquired a new position in shares of Riskified during the 4th quarter worth $50,000. Virtu Financial LLC acquired a new position in shares of Riskified during the 3rd quarter worth $51,000. Invesco Ltd. bought a new position in shares of Riskified during the 1st quarter valued at $51,000. Finally, T3 Companies LLC acquired a new stake in shares of Riskified in the 4th quarter valued at $54,000. Institutional investors own 58.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RSKD shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. UBS Group boosted their price target on shares of Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a report on Thursday, August 13th. The Goldman Sachs Group upped their price target on shares of Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. DA Davidson reiterated a “buy” rating and set a $7.50 price objective on shares of Riskified in a report on Monday, August 24th. Finally, Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research 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 currently has a consensus rating of “Hold” and an average 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.