Insider Selling: Riskified (NYSE:RSKD) Director Sells $629,000.00 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 100,000 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $6.29, for a total transaction of $629,000.00. Following the sale, the director directly owned 1,199,683 shares of the company’s stock, valued at approximately $7,546,006.07. The trade was a 7.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, September 2nd, Erez Shachar sold 100,000 shares of Riskified stock. The shares were sold at an average price of $6.47, for a total transaction of $647,000.00.
• 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 transaction of $22,590.81.
• On Friday, August 28th, Erez Shachar sold 167,200 shares of Riskified stock. The shares were 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 value of $1,771,128.00.
• 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 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 value of $534,564.36.
• 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 value 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 value 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 value of $854,691.24.

Riskified Trading Down 6.1%

Shares of NYSE:RSKD opened at $6.51 on Friday. The stock has a market cap of $964.46 million, a PE ratio of -59.18 and a beta of 1.38. The stock’s fifty day simple moving average is $5.57 and its two-hundred day simple moving average is $4.89. Riskified Ltd. has a 1-year low of $3.70 and a 1-year high of $6.98.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSKD. Raymond James Financial Inc. bought a new position in shares of Riskified during the 2nd quarter valued at approximately $36,000. Man Group plc bought a new stake in shares of Riskified in the 4th quarter worth approximately $50,000. Virtu Financial LLC purchased a new position in Riskified in the third quarter valued at approximately $51,000. Invesco Ltd. purchased a new position in Riskified in the first quarter valued at approximately $51,000. Finally, T3 Companies LLC bought a new position in Riskified during the fourth quarter valued at $54,000. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on RSKD. DA Davidson reissued a “buy” rating and set a $7.50 target price on shares of Riskified in a research report on Monday, August 24th. The Goldman Sachs Group upped their target price on Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a report on Wednesday, August 12th. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. UBS Group lifted their price target on Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Finally, Keefe, Bruyette & Woods boosted their price objective on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.50.

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.