Riskified (NYSE:RSKD) Director Sells $854,691.24 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 139,884 shares of Riskified stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $6.11, for a total value of $854,691.24. Following the completion of the transaction, the director directly owned 866,884 shares in the company, valued at $5,296,661.24. This trade represents a 13.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 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 stock was 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 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 shares were sold at an average price of $5.22, for a total transaction 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 transaction 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 value of $781,124.67.

Riskified Price Performance

NYSE RSKD opened at $5.90 on Monday. 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 $874.09 million, a PE ratio of -53.64 and a beta of 1.38. The business’s 50-day moving average is $5.30 and its 200 day moving average is $4.76.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, meeting 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 business had revenue of $98.69 million during the quarter, compared to analyst estimates of $89.18 million. As a group, equities research analysts anticipate that Riskified Ltd. will post -0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on RSKD shares. The Goldman Sachs Group upped their target price on Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a report on Wednesday, August 12th. Keefe, Bruyette & Woods lifted their price target on shares of Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a report on Thursday, August 13th. DA Davidson boosted their price objective on shares of Riskified from $6.00 to $7.50 and gave the company a “buy” rating in a research report on Thursday, August 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a report on Friday, August 14th. Finally, Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Riskified in the 2nd quarter valued at approximately $36,000. Man Group plc bought a new stake in shares of Riskified during the fourth quarter valued at approximately $50,000. Virtu Financial LLC purchased a new stake in Riskified in the third quarter worth $51,000. Invesco Ltd. purchased a new stake in Riskified in the first quarter worth $51,000. Finally, T3 Companies LLC purchased a new stake in Riskified in the fourth quarter worth $54,000. Institutional investors own 58.98% of the company’s stock.

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.