Riskified (NYSE:RSKD) Director Erez Shachar Sells 7,909 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 7,909 shares of the business’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $5.19, for a total transaction of $41,047.71. Following the sale, the director directly owned 1,201,981 shares of the company’s stock, valued at approximately $6,238,281.39. This represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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, 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 shares were 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 shares were 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 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 shares were 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 transaction 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 transaction of $1,348,988.92.
• On Wednesday, July 1st, Erez Shachar sold 435,900 shares of Riskified stock. The stock was sold at an average price of $5.02, for a total transaction of $2,188,218.00.

Riskified Stock Up 2.4%

RSKD stock opened at $5.38 on Wednesday. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $5.49. The firm’s 50-day simple moving average is $5.00 and its 200 day simple moving average is $4.62. The stock has a market cap of $796.31 million, a PE ratio of -48.86 and a beta of 1.38.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, beating 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 company had revenue of $88.27 million for the quarter, compared to analyst estimates of $87.72 million. Equities analysts forecast that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Institutional Trading of Riskified

Large investors have recently added to or reduced their stakes in the business. Millennium Management LLC grew its position in Riskified by 335.3% in 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 last quarter. Anson Funds Management LP boosted its stake in shares of 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 in the last quarter. Marshall Wace LLP acquired a new position in shares of Riskified in the 2nd quarter worth $1,453,000. Trexquant Investment LP raised its position in shares of Riskified by 298.2% during the fourth quarter. Trexquant Investment LP now owns 311,449 shares of the company’s stock worth $1,548,000 after purchasing an additional 233,242 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Riskified during the fourth quarter valued at $1,019,000. 58.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.