Erez Shachar Sells 102,407 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 102,407 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $5.92, for a total transaction of $606,249.44. Following the transaction, the director owned 1,991,777 shares of the company’s stock, valued at $11,791,319.84. This represents a 4.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction 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 transaction 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 transaction 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 transaction of $29,326.50.
• On Friday, July 17th, Erez Shachar sold 7,909 shares of Riskified stock. The shares were sold at an average price of $5.19, for a total transaction 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 transaction 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 stock was sold at an average price of $5.21, for a total value of $427,756.63.
• On Friday, July 10th, Erez Shachar sold 24,328 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total value of $126,992.16.
• On Thursday, July 9th, Erez Shachar sold 64,800 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total value of $338,256.00.

Riskified Price Performance

RSKD opened at $6.00 on Thursday. Riskified Ltd. has a 12 month low of $3.70 and a 12 month high of $6.61. The stock has a market cap of $888.90 million, a P/E ratio of -54.55 and a beta of 1.38. The stock’s 50 day moving average price is $5.36 and its 200 day moving average price is $4.80.

Riskified (NYSE:RSKD) last announced 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 return on equity of 3.93% and a negative net margin of 4.23%.The company had revenue of $98.69 million during the quarter, compared to analyst estimates of $89.18 million. Equities analysts anticipate that Riskified Ltd. will post -0.01 EPS for the current year.

Institutional Investors Weigh In On Riskified

Several hedge funds and other institutional investors have recently bought and sold shares of RSKD. Invesco Ltd. acquired a new stake in Riskified in the 1st quarter valued at about $51,000. Russell Investments Group Ltd. grew its stake in shares of Riskified by 178.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock worth $1,125,000 after purchasing an additional 144,431 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Riskified in the 2nd quarter worth approximately $1,453,000. Qube Research & Technologies Ltd raised its holdings in shares of Riskified by 7.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock worth $1,355,000 after purchasing an additional 18,690 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Riskified during the second quarter valued at approximately $36,000. 58.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. DA Davidson reiterated a “buy” rating and issued a $7.50 price objective on shares of Riskified in a report on Monday. The Goldman Sachs Group raised their price objective on shares of Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods boosted their target price on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Riskified has a consensus rating of “Hold” and a consensus price target 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.