Riskified (NYSE:RSKD) Director Erez Shachar Sells 78,800 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 78,800 shares of the stock in a transaction on Thursday, July 16th. The shares were sold at an average price of $5.11, for a total value of $402,668.00. Following the completion of the transaction, the director directly owned 1,209,890 shares in the company, valued at $6,182,537.90. This trade represents a 6.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 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 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 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 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.
• On Wednesday, July 8th, Erez Shachar sold 64,349 shares of Riskified stock. The stock was sold at an average price of $5.18, for a total value 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 value of $781,124.67.
• On Monday, July 6th, Erez Shachar sold 154,436 shares of Riskified stock. The shares were sold at an average price of $5.22, for a total value of $806,155.92.
• On Thursday, July 2nd, Erez Shachar sold 265,549 shares of Riskified stock. The shares were sold at an average price of $5.08, for a total value of $1,348,988.92.
• On Wednesday, July 1st, Erez Shachar sold 435,900 shares of Riskified stock. The shares were sold at an average price of $5.02, for a total transaction of $2,188,218.00.

Riskified Trading Up 2.4%

RSKD stock opened at $5.38 on Wednesday. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.49. The company’s 50 day moving average is $5.00 and its two-hundred day moving average is $4.62. The stock has a market cap of $796.31 million, a P/E ratio of -48.86 and a beta of 1.38.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. The business had revenue of $88.27 million during the quarter, compared to the consensus estimate of $87.72 million. On average, equities research analysts predict that Riskified Ltd. will post -0.01 earnings per share for the current year.

Institutional Trading of Riskified

Large investors have recently bought and sold shares of the business. Nuveen LLC grew its position in Riskified by 3.3% during the 4th quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after purchasing an additional 47,464 shares during the last quarter. Monimus Capital Management LP increased its stake in Riskified by 13.2% in the fourth quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock valued at $6,982,000 after purchasing an additional 164,302 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Riskified by 1.7% in the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after buying an additional 22,100 shares during the last quarter. State Street Corp raised its holdings in shares of Riskified by 11.9% in the fourth quarter. State Street Corp now owns 866,456 shares of the company’s stock valued at $4,306,000 after buying an additional 92,019 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of 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. Institutional investors and hedge funds own 58.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RSKD shares. Keefe, Bruyette & Woods boosted their price target on shares of Riskified from $5.25 to $5.50 and gave the company a “market perform” rating in a research report on Monday, July 13th. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.00.

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.