Riskified (NYSE:RSKD) Director Sells $867,180.00 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 145,500 shares of Riskified stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $5.96, for a total value of $867,180.00. Following the completion of the sale, the director directly owned 1,756,283 shares in the company, valued at $10,467,446.68. This represents a 7.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 Tuesday, August 25th, Erez Shachar sold 89,994 shares of Riskified stock. The stock was sold at an average price of $5.94, for a total value of $534,564.36.
• 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 value of $606,249.44.
• On Friday, August 21st, Erez Shachar sold 115,500 shares of Riskified stock. The shares were sold at an average price of $5.89, for a total value of $680,295.00.
• On Thursday, August 20th, Erez Shachar sold 157,200 shares of Riskified stock. The shares were 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 stock was sold at an average price of $6.11, for a total value 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 value 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 value of $41,047.71.
• 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 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.

Riskified Stock Up 3.4%

Shares of RSKD opened at $6.33 on Friday. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $6.61. The company has a 50-day simple moving average of $5.41 and a 200-day simple moving average of $4.82. The company has a market capitalization of $937.79 million, a PE ratio of -57.55 and a beta of 1.38.

Riskified (NYSE:RSKD) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. The firm had revenue of $98.69 million for the quarter, compared to the consensus estimate of $89.18 million. On average, research analysts anticipate that Riskified Ltd. will post -0.03 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RSKD. Public Employees Retirement System of Ohio raised its holdings in shares of Riskified by 1.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock worth $1,502,000 after acquiring an additional 2,900 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Riskified by 5.5% during the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock valued at $464,000 after acquiring an additional 4,826 shares during the last quarter. Swiss National Bank boosted its stake in shares of Riskified by 3.1% during the fourth quarter. Swiss National Bank now owns 167,513 shares of the company’s stock valued at $833,000 after acquiring an additional 5,000 shares during the last quarter. Geode Capital Management LLC increased its position in Riskified by 18.1% during the 4th quarter. Geode Capital Management LLC now owns 33,828 shares of the company’s stock worth $168,000 after purchasing an additional 5,178 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Riskified during the 2nd quarter worth about $36,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RSKD has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price target on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research note on Thursday, August 13th. UBS Group raised their price objective on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research note on Thursday, August 13th. The Goldman Sachs Group boosted their target price on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. DA Davidson restated a “buy” rating and issued a $7.50 price target on shares of Riskified in a research report on Monday, August 24th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Riskified presently has a consensus rating of “Hold” and a consensus target price 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.