Riskified (NYSE:RSKD) Director Erez Shachar Sells 46,780 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 46,780 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $6.28, for a total transaction of $293,778.40. Following the completion of the transaction, the director owned 3,359,274 shares in the company, valued at approximately $21,096,240.72. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, September 15th, Erez Shachar sold 47,651 shares of Riskified stock. The stock was sold at an average price of $6.18, for a total transaction of $294,483.18.
• On Thursday, September 3rd, Erez Shachar sold 50,000 shares of Riskified stock. The stock was sold at an average price of $6.72, for a total transaction of $336,000.00.
• 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 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 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 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 shares were sold at an average price of $5.92, for a total transaction of $606,249.44.

Riskified Trading Up 0.9%

Shares of NYSE RSKD traded up $0.06 during midday trading on Wednesday, hitting $6.25. The company’s stock had a trading volume of 985,242 shares, compared to its average volume of 997,485. The stock has a fifty day moving average price of $5.72 and a 200 day moving average price of $4.98. Riskified Ltd. has a one year low of $3.70 and a one year high of $6.98. The firm has a market capitalization of $926.68 million, a price-to-earnings ratio of -56.86 and a beta of 1.38.

Riskified (NYSE:RSKD) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate 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, equities research analysts predict that Riskified Ltd. will post -0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RSKD shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. UBS Group increased their price objective on Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a report on Thursday, August 13th. DA Davidson reissued a “buy” rating and set a $7.50 price objective on shares of Riskified in a report on Monday, August 24th. The Goldman Sachs Group raised their target price on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods lifted their target price on Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Riskified has an average rating of “Hold” and a consensus target price of $6.50.

Institutional Trading of Riskified

Institutional investors and hedge funds have recently bought and sold shares of the company. T3 Companies LLC bought a new position in Riskified in the 4th quarter valued at $54,000. Modern Wealth Management LLC bought a new position in shares of Riskified in the first quarter worth $56,000. R Squared Ltd increased its holdings in shares of Riskified by 57.8% in the first quarter. R Squared Ltd now owns 19,813 shares of the company’s stock worth $78,000 after purchasing an additional 7,257 shares during the period. 9823 Capital L.P. purchased a new stake in shares of Riskified in the fourth quarter worth $182,000. Finally, Engineers Gate Manager LP raised its position in shares of Riskified by 13.7% in the second 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 in the last quarter. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

About Riskified

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce businesses. Its platform uses data analytics, machine learning and network insights to help merchants distinguish legitimate customers from fraudulent transactions, reduce payment-related losses and improve the online shopping experience.

The company’s product offerings include solutions designed to protect merchants from chargebacks, identify and prevent policy abuse, secure customer accounts and support payment approval decisions.