Insider Selling: Riskified (NYSE:RSKD) Director Sells $22,590.81 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 3,603 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $6.27, for a total value of $22,590.81. Following the completion of the transaction, the director owned 1,196,080 shares of the company’s stock, valued at approximately $7,499,421.60. This represents a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Monday, August 31st, Erez Shachar sold 100,000 shares of Riskified stock. The shares were sold at an average price of $6.29, for a total transaction of $629,000.00.
• 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 transaction 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 transaction of $1,771,128.00.
• On Wednesday, August 26th, Erez Shachar sold 145,500 shares of Riskified stock. The shares were sold at an average price of $5.96, for a total transaction 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 transaction 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 transaction 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 stock was 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 Stock Performance

RSKD stock opened at $6.51 on Friday. The stock’s 50 day moving average price is $5.57 and its 200 day moving average price is $4.89. The firm has a market cap of $964.46 million, a P/E ratio of -59.18 and a beta of 1.38. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $6.98.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $89.18 million. On average, research analysts predict that Riskified Ltd. will post -0.03 earnings per share for the current year.

Hedge Funds Weigh In On Riskified

Large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its stake in Riskified by 404.0% in the 2nd quarter. California State Teachers Retirement System now owns 398,684 shares of the company’s stock worth $2,009,000 after buying an additional 319,580 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Riskified during the 2nd quarter valued at about $1,505,000. Renaissance Technologies LLC lifted its holdings in shares of Riskified by 1.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock worth $5,327,000 after acquiring an additional 22,100 shares during the period. Modern Wealth Management LLC purchased a new position in shares of Riskified during the 1st quarter worth about $56,000. Finally, Sei Investments Co. boosted its position in shares of Riskified by 87.4% in the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock worth $1,396,000 after acquiring an additional 166,099 shares during the last quarter. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. UBS Group boosted their target price on shares of Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research note on Thursday, August 13th. DA Davidson reaffirmed a “buy” rating and set a $7.50 price target on shares of Riskified in a research note on Monday, August 24th. Keefe, Bruyette & Woods lifted their price target on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a report on Thursday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. Finally, The Goldman Sachs Group upped their price objective on shares of Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.50.

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.