Erez Shachar Sells 50,000 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 50,000 shares of Riskified stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $6.72, for a total transaction of $336,000.00. Following the completion of the transaction, the director owned 3,406,054 shares of the company’s stock, valued at $22,888,682.88. This trade represents a 1.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, September 2nd, Erez Shachar sold 100,000 shares of Riskified stock. The stock was 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 shares were 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 value 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 value 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 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 shares were sold at an average price of $5.95, for a total value of $935,340.00.

Riskified Stock Performance

Shares of Riskified stock opened at $5.95 on Thursday. The business has a 50-day simple moving average of $5.64 and a 200-day simple moving average of $4.93. Riskified Ltd. has a one year low of $3.70 and a one year high of $6.98. The company has a market cap of $880.75 million, a PE ratio of -54.05 and a beta of 1.38.

Riskified (NYSE:RSKD) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (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. On average, sell-side analysts predict that Riskified Ltd. will post -0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Riskified

Several large investors have recently bought and sold shares of RSKD. Tidal Investments LLC grew its holdings in shares of Riskified by 142.3% during the second quarter. Tidal Investments LLC now owns 214,731 shares of the company’s stock worth $1,082,000 after purchasing an additional 126,121 shares during the last quarter. Engineers Gate Manager LP grew its stake in Riskified by 13.7% during the 2nd quarter. Engineers Gate Manager LP now owns 64,591 shares of the company’s stock worth $326,000 after buying an additional 7,799 shares during the last quarter. California State Teachers Retirement System grew its stake 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 last quarter. Public Employees Retirement System of Ohio acquired a new position in Riskified during the second quarter worth approximately $1,505,000. Finally, Renaissance Technologies LLC increased its position in Riskified by 1.7% during the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock worth $5,327,000 after buying an additional 22,100 shares during the period. Institutional investors and hedge funds own 58.98% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Keefe, Bruyette & Woods upped 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. Finally, UBS Group increased their price objective on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Riskified presently has a consensus rating of “Hold” and an average target price of $6.50.

Riskified Company Profile

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.