Key Points
- Riskified director Erez Shachar sold 139,884 shares at an average price of $6.11, generating $854,691. Following the transaction, he directly owned 866,884 shares, a 13.89% reduction; the sale was conducted under a Rule 10b5-1 trading plan.
- Riskified reported quarterly earnings of $0.02 per share, in line with estimates, while revenue of $98.69 million exceeded expectations of $89.18 million. The stock opened at $5.90, with a market capitalization of approximately $874 million.
- Analyst sentiment remains mixed, with two Buy, three Hold and two Sell ratings, producing an overall “Hold” consensus and an average price target of $6.50. Institutional investors own 58.98% of the company.
Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 139,884 shares of the firm's stock in a transaction 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 sale, the director directly owned 866,884 shares of the company's stock, valued at $5,296,661.24. This represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Thursday, August 20th, Erez Shachar sold 157,200 shares of Riskified stock. The stock was 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 shares were 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 transaction 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 shares were 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 shares were 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
Riskified stock opened at $5.90 on Friday. Riskified Ltd. has a one year low of $3.70 and a one year high of $6.61. The business has a fifty day moving average price of $5.30 and a 200-day moving average price of $4.76. The firm has a market capitalization of $874.09 million, a P/E ratio of -53.64 and a beta of 1.38.
Riskified (NYSE:RSKD - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%.The company had revenue of $98.69 million during the quarter, compared to analysts' expectations of $89.18 million.
Wall Street Analyst Weigh In
A number of research firms have weighed in on RSKD. DA Davidson lifted their target price on Riskified from $6.00 to $7.50 and gave the company a "buy" rating in a report on Thursday, August 13th. Weiss Ratings reissued a "sell (d-)" rating on shares of Riskified in a report on Friday, August 14th. Keefe, Bruyette & Woods raised their price objective on shares of Riskified from $5.50 to $6.25 and gave the company a "market perform" rating in a research report on Thursday, August 13th. The Goldman Sachs Group boosted their price objective on shares of Riskified from $4.75 to $5.50 and gave the company a "sell" rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen raised shares of Riskified from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 30th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $6.50.
Read Our Latest Report on RSKD
Institutional Trading of Riskified
Hedge funds have recently made changes to their positions in the stock. Millennium Management LLC raised its position in Riskified by 335.3% during the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company's stock valued at $3,953,000 after purchasing an additional 612,719 shares in the last quarter. Anson Funds Management LP boosted its holdings in shares of Riskified by 136.0% in the 4th quarter. Anson Funds Management LP now owns 633,746 shares of the company's stock worth $3,150,000 after purchasing an additional 365,254 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Riskified in the 2nd quarter worth about $1,505,000. Marshall Wace LLP bought a new position in shares of Riskified during the 2nd quarter valued at about $1,453,000. Finally, Trexquant Investment LP increased its position in shares of Riskified by 298.2% during the 4th quarter. Trexquant Investment LP now owns 311,449 shares of the company's stock valued at $1,548,000 after purchasing an additional 233,242 shares during the last quarter. 58.98% of the stock is owned by institutional investors.
Riskified Company Profile
(
Get Free Report)
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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