Erez Shachar Sells 139,884 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 139,884 shares of Riskified stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $6.11, for a total transaction of $854,691.24. Following the transaction, the director directly owned 866,884 shares in the company, valued at $5,296,661.24. The trade was a 13.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 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 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 stock was sold at an average price of $5.27, for a total transaction 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 transaction 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 transaction 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 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.

Riskified Trading Down 0.8%

NYSE:RSKD opened at $5.90 on Friday. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $6.61. The stock has a market cap of $874.09 million, a price-to-earnings ratio of -53.64 and a beta of 1.38. The stock has a 50-day moving average price of $5.30 and a two-hundred day moving average price of $4.76.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%.The company had revenue of $98.69 million for the quarter, compared to analyst estimates of $89.18 million. Sell-side analysts forecast that Riskified Ltd. will post -0.01 earnings per share for the current year.

Institutional Investors Weigh In On Riskified

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC lifted its stake in 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 acquiring an additional 612,719 shares in the last quarter. Anson Funds Management LP boosted its position in Riskified by 136.0% during the 4th quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock worth $3,150,000 after acquiring an additional 365,254 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Riskified during the 2nd quarter worth approximately $1,505,000. Marshall Wace LLP bought a new position in shares of Riskified during the 2nd quarter worth approximately $1,453,000. Finally, Trexquant Investment LP grew its stake in shares of Riskified by 298.2% during the 4th quarter. Trexquant Investment LP now owns 311,449 shares of the company’s stock worth $1,548,000 after acquiring an additional 233,242 shares in the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RSKD. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. UBS Group upped their price target on shares of Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a report on Thursday, August 13th. Keefe, Bruyette & Woods increased their price objective on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. DA Davidson raised their price objective on shares of Riskified from $6.00 to $7.50 and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, The Goldman Sachs Group boosted their price objective on shares of Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Riskified has a consensus rating of “Hold” and an average 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.