Key Points
- Director Erez Shachar sold 78,800 Riskified shares at an average price of $5.11, generating $402,668. The transaction reduced his direct ownership by 6.11% and was executed under a pre-arranged Rule 10b5-1 plan.
- Riskified shares opened at $5.38, up 2.4%, with a market capitalization of approximately $796 million. The company recently exceeded quarterly earnings and revenue estimates, reporting $0.05 EPS and $88.27 million in revenue.
- Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $6.00; institutional investors own 58.98% of the company.
Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 7,909 shares of the company's stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $5.19, for a total transaction of $41,047.71. Following the completion of the sale, the director owned 1,201,981 shares of the company's stock, valued at approximately $6,238,281.39. This trade represents a 0.65% decrease in their position. The sale was disclosed in a filing with the SEC, 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 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 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 shares were 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 shares were 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 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 Trading Up 2.4%
RSKD opened at $5.38 on Wednesday. The stock has a fifty day moving average price of $5.00 and a 200 day moving average price of $4.62. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $5.49. The stock has a market cap of $796.31 million, a price-to-earnings ratio of -48.86 and a beta of 1.38.
Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly 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. The company had revenue of $88.27 million during the quarter, compared to the consensus estimate of $87.72 million. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%. As a group, sell-side analysts forecast that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Riskified
A number of hedge funds have recently bought and sold shares of the company. Nuveen LLC grew its position in shares of Riskified by 3.3% in the fourth quarter. Nuveen LLC now owns 1,476,002 shares of the company's stock valued at $7,336,000 after purchasing an additional 47,464 shares during the last quarter. Monimus Capital Management LP boosted its stake in Riskified by 13.2% during the 4th quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company's stock valued at $6,982,000 after purchasing an additional 164,302 shares during the period. Renaissance Technologies LLC grew its holdings in Riskified by 1.7% in the 1st 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 Riskified by 11.9% in the 4th quarter. State Street Corp now owns 866,456 shares of the company's stock worth $4,306,000 after buying an additional 92,019 shares during the period. Finally, Millennium Management LLC increased its position in Riskified by 335.3% in the 4th 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 period. 58.98% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
RSKD has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price target on shares of Riskified from $5.25 to $5.50 and gave the company a "market perform" rating in a report on Monday, July 13th. Wall Street Zen upgraded Riskified from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 30th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $6.00.
Get Our Latest Report on Riskified
Riskified Company Profile
(
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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.
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