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

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 100,000 shares of Riskified stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $6.47, for a total value of $647,000.00. Following the transaction, the director owned 3,456,054 shares in the company, valued at approximately $22,360,669.38. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 stock was 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 transaction 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 transaction 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 transaction of $606,249.44.
• 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.

Riskified Stock Up 4.5%

NYSE:RSKD traded up $0.30 during trading hours on Thursday, reaching $6.95. 3,764,559 shares of the company’s stock were exchanged, compared to its average volume of 987,297. The company has a market capitalization of $1.03 billion, a P/E ratio of -63.18 and a beta of 1.38. Riskified Ltd. has a 12 month low of $3.70 and a 12 month high of $6.98. The business’s 50-day simple moving average is $5.50 and its two-hundred day simple moving average is $4.86.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $98.69 million for the quarter, compared to analysts’ expectations of $89.18 million. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%. As a group, sell-side analysts anticipate that Riskified Ltd. will post -0.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RSKD shares. UBS Group boosted their target price on Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Keefe, Bruyette & Woods lifted their price target on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research note on Thursday, August 13th. The Goldman Sachs Group boosted their price objective on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a report on Wednesday, August 12th. DA Davidson reaffirmed a “buy” rating and set a $7.50 price objective on shares of Riskified in a research note on Monday, August 24th. Finally, Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Two investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.50.

Institutional Investors Weigh In On Riskified

Several hedge funds have recently bought and sold shares of RSKD. Nuveen LLC lifted its stake in Riskified by 3.3% in the 4th quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after acquiring an additional 47,464 shares in the last quarter. Monimus Capital Management LP grew its stake in Riskified by 13.2% during the 4th quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock valued at $6,982,000 after acquiring an additional 164,302 shares in the last quarter. Renaissance Technologies LLC grew its stake in 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 in the last quarter. State Street Corp increased its holdings in shares of Riskified by 11.9% in the 4th quarter. State Street Corp now owns 866,456 shares of the company’s stock valued at $4,306,000 after purchasing an additional 92,019 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Riskified by 335.3% in the 4th quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock valued at $3,953,000 after purchasing an additional 612,719 shares during the period. 58.98% of the stock is owned by hedge funds and other institutional investors.

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.