Riskified (NYSE:RSKD) Director Erez Shachar Sells 157,200 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 157,200 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $5.95, for a total value of $935,340.00. Following the sale, the director directly owned 709,684 shares of the company’s stock, valued at approximately $4,222,619.80. This represents a 18.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 shares were sold at an average price of $5.25, for a total value 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 value of $41,047.71.
• On Monday, July 20th, Erez Shachar sold 27,600 shares of Riskified stock. The stock was sold at an average price of $5.27, for a total value of $145,452.00.
• On Thursday, July 16th, Erez Shachar sold 78,800 shares of Riskified stock. The stock was 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 shares were sold at an average price of $5.22, for a total transaction of $126,992.16.
• On Thursday, July 9th, Erez Shachar sold 64,800 shares of Riskified stock. The shares were sold at an average price of $5.22, for a total transaction of $338,256.00.
• On Wednesday, July 8th, Erez Shachar sold 64,349 shares of Riskified stock. The shares were sold at an average price of $5.18, for a total transaction of $333,327.82.
• On Tuesday, July 7th, Erez Shachar sold 148,221 shares of Riskified stock. The stock was sold at an average price of $5.27, for a total transaction of $781,124.67.

Riskified Stock Performance

RSKD stock opened at $5.90 on Friday. Riskified Ltd. has a one year low of $3.70 and a one year high of $6.61. The stock has a market capitalization of $874.09 million, a PE ratio of -53.64 and a beta of 1.38. The company has a fifty day moving average of $5.30 and a 200-day moving average of $4.76.

Riskified (NYSE:RSKD) last issued its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $98.69 million for the quarter, compared to the consensus estimate of $89.18 million. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%.

Wall Street Analyst Weigh In

RSKD has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased their target price 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 lifted their price target on Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a 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 research report on Thursday, August 13th. Finally, DA Davidson raised their target price on Riskified from $6.00 to $7.50 and gave the company a “buy” 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $6.50.

Institutional Investors Weigh In On Riskified

A number of institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Riskified during the second quarter worth $36,000. Man Group plc acquired a new stake in Riskified in the fourth quarter valued at $50,000. T3 Companies LLC acquired a new stake in Riskified in the fourth quarter valued at $54,000. Orion Porfolio Solutions LLC acquired a new stake in Riskified in the second quarter valued at $54,000. Finally, Virtu Financial LLC purchased a new position in shares of Riskified in the third quarter valued at $51,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

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.