Riskified (NYSE:RSKD) Director Erez Shachar Sells 27,600 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 27,600 shares of Riskified stock in a transaction that occurred on Monday, July 20th. The stock was 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 of the company’s stock, valued at approximately $6,188,987.87. This trade represents a 2.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 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 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 stock was 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 stock was sold at an average price of $5.18, for a total transaction 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 transaction 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.
• 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 Performance

NYSE:RSKD opened at $5.38 on Wednesday. The firm has a 50-day simple moving average of $5.00 and a 200-day simple moving average of $4.62. Riskified Ltd. has a one year low of $3.70 and a one year high of $5.49. The firm has a market cap of $796.31 million, a P/E ratio of -48.86 and a beta of 1.38.

Riskified (NYSE:RSKD) last posted its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%.The company had revenue of $88.27 million during the quarter, compared to analyst estimates of $87.72 million. On average, research analysts predict that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RSKD. 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 lifted their price target on shares of Riskified from $5.25 to $5.50 and gave the stock a “market perform” rating in a 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 assigned a Sell rating to the company. According to data from MarketBeat, Riskified has an average rating of “Hold” and an average target price of $6.00.

Institutional Trading of Riskified

Several large investors have recently bought and sold shares of RSKD. Nuveen LLC raised its holdings in shares of Riskified by 3.3% in the fourth quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after buying an additional 47,464 shares during the last quarter. Monimus Capital Management LP grew its holdings in shares of Riskified by 13.2% during the fourth quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock valued at $6,982,000 after buying an additional 164,302 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Riskified by 1.7% during the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after buying an additional 22,100 shares during the last quarter. State Street Corp increased its position in shares of Riskified by 11.9% in the 4th quarter. State Street Corp now owns 866,456 shares of the company’s stock valued at $4,306,000 after acquiring an additional 92,019 shares during the period. Finally, Millennium Management LLC increased its position in shares of 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 during the period. Hedge funds and other institutional investors own 58.98% of the company’s stock.

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.