Riskified (NYSE:RSKD) Director Sells $145,452.00 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 27,600 shares of the firm’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $5.27, for a total value of $145,452.00. Following the completion of the transaction, the director owned 1,174,381 shares in the company, valued at approximately $6,188,987.87. This represents a 2.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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 shares were sold at an average price of $5.19, for a total transaction of $41,047.71.
• 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 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 shares were 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.
• On Monday, July 6th, Erez Shachar sold 154,436 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total value of $806,155.92.
• On Thursday, July 2nd, Erez Shachar sold 265,549 shares of Riskified stock. The stock was sold at an average price of $5.08, for a total value of $1,348,988.92.

Riskified Price Performance

Shares of NYSE:RSKD opened at $5.21 on Friday. The firm’s 50 day simple moving average is $5.02 and its 200 day simple moving average is $4.63. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $5.49. The company has a market capitalization of $771.71 million, a price-to-earnings ratio of -47.35 and a beta of 1.38.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $88.27 million during the quarter, compared to analysts’ expectations of $87.72 million. Equities research analysts expect that Riskified Ltd. will post -0.01 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on RSKD. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Keefe, Bruyette & Woods raised their price target on Riskified from $5.25 to $5.50 and gave the stock a “market perform” rating in a research report on Monday, July 13th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.00.

Institutional Investors Weigh In On Riskified

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. acquired a new position in Riskified in the 1st quarter worth $51,000. Russell Investments Group Ltd. lifted its holdings in shares of Riskified by 178.2% in the second quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock valued at $1,125,000 after purchasing an additional 144,431 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Riskified during the second quarter worth about $1,453,000. Qube Research & Technologies Ltd raised its position in Riskified by 7.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock valued at $1,355,000 after buying an additional 18,690 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Riskified in the 2nd quarter valued at approximately $36,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

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.