Riskified (NYSE:RSKD) Director Erez Shachar Sells 115,500 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 115,500 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $5.89, for a total value of $680,295.00. Following the transaction, the director directly owned 2,094,184 shares of the company’s stock, valued at $12,334,743.76. This represents a 5.23% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 Monday, August 24th, Erez Shachar sold 102,407 shares of Riskified stock. The stock was sold at an average price of $5.92, for a total transaction of $606,249.44.
• 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 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 shares were 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 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 value of $402,668.00.
• 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 stock was 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 shares were sold at an average price of $5.22, for a total value of $338,256.00.

Riskified Trading Down 0.3%

NYSE:RSKD traded down $0.01 during trading hours on Tuesday, reaching $5.93. 849,750 shares of the company traded hands, compared to its average volume of 927,186. The business’s 50-day moving average price is $5.32 and its two-hundred day moving average price is $4.77. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $6.61. The stock has a market capitalization of $879.27 million, a P/E ratio of -53.95 and a beta of 1.38.

Riskified (NYSE:RSKD) last released its 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 firm had revenue of $98.69 million for the quarter, compared to analysts’ expectations of $89.18 million. As a group, equities analysts anticipate that Riskified Ltd. will post -0.01 EPS for the current year.

Institutional Investors Weigh In On Riskified

A number of large investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Riskified during the 2nd quarter valued at about $36,000. Man Group plc purchased a new position in shares of Riskified in the fourth quarter worth approximately $50,000. T3 Companies LLC bought a new stake in Riskified during the fourth quarter valued at approximately $54,000. Orion Porfolio Solutions LLC purchased a new stake in Riskified during the second quarter valued at approximately $54,000. Finally, Virtu Financial LLC purchased a new stake in Riskified during the third quarter valued at approximately $51,000. 58.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. DA Davidson reiterated a “buy” rating and issued a $7.50 target price on shares of Riskified in a research note on Monday. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Keefe, Bruyette & Woods upped their price objective on Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research report on Thursday, August 13th. The Goldman Sachs Group increased their target price on Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Finally, UBS Group lifted their target price on Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Two investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.