Riskified (NYSE:RSKD) Director Sells $534,564.36 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 89,994 shares of Riskified stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $5.94, for a total value of $534,564.36. Following the completion of the sale, the director owned 1,901,783 shares in the company, valued at approximately $11,296,591.02. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 26th, Erez Shachar sold 145,500 shares of Riskified stock. The stock was sold at an average price of $5.96, for a total value of $867,180.00.
• 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 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 stock was 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 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 shares were sold at an average price of $5.21, for a total value of $427,756.63.

Riskified Stock Up 3.4%

Shares of RSKD stock opened at $6.33 on Friday. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $6.61. The business has a fifty day simple moving average of $5.41 and a 200-day simple moving average of $4.82. The stock has a market cap of $937.79 million, a P/E ratio of -57.55 and a beta of 1.38.

Riskified (NYSE:RSKD) last posted 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. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. The firm had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. On average, sell-side analysts anticipate that Riskified Ltd. will post -0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Riskified

A number of hedge funds have recently bought and sold shares of the company. Millennium Management LLC lifted its position in Riskified by 335.3% during the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock worth $3,953,000 after buying an additional 612,719 shares during the period. Anson Funds Management LP grew its holdings in Riskified by 136.0% in the 4th quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock valued at $3,150,000 after buying an additional 365,254 shares during the period. California State Teachers Retirement System grew its holdings in Riskified by 404.0% in the 2nd quarter. California State Teachers Retirement System now owns 398,684 shares of the company’s stock valued at $2,009,000 after buying an additional 319,580 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Riskified during the 2nd quarter valued at about $1,505,000. Finally, Marshall Wace LLP acquired a new position in shares of Riskified during the 2nd quarter valued at about $1,453,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

About Riskified

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.