Insider Selling: Riskified (NYSE:RSKD) Director Sells 89,994 Shares of Stock

Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 89,994 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $5.94, for a total transaction of $534,564.36. Following the completion of the sale, the director owned 1,901,783 shares of the company's stock, valued at $11,296,591.02. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 Wednesday, August 26th, Erez Shachar sold 145,500 shares of Riskified stock. The stock was sold at an average price of $5.96, for a total transaction of $867,180.00.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 shares were sold at an average price of $5.27, for a total value 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 value 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 value of $427,756.63.

Riskified Stock Up 2.4%

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Shares of NYSE:RSKD opened at $6.12 on Friday. The business has a fifty day moving average of $5.38 and a two-hundred day moving average of $4.81. The stock has a market cap of $905.94 million, a P/E ratio of -55.59 and a beta of 1.38. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $6.61.

Riskified (NYSE:RSKD - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting 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 the consensus estimate of $89.18 million. On average, equities analysts anticipate that Riskified Ltd. will post -0.03 earnings per share for the current year.

Hedge Funds Weigh In On Riskified

A number of hedge funds have recently modified their holdings of RSKD. Millennium Management LLC increased its position in shares of Riskified by 335.3% during the 4th quarter. Millennium Management LLC now owns 795,441 shares of the company's stock worth $3,953,000 after purchasing an additional 612,719 shares during the last quarter. Anson Funds Management LP lifted its position in Riskified by 136.0% in the fourth quarter. Anson Funds Management LP now owns 633,746 shares of the company's stock valued at $3,150,000 after buying an additional 365,254 shares during the last quarter. California State Teachers Retirement System lifted its position in Riskified by 404.0% in the second quarter. California State Teachers Retirement System now owns 398,684 shares of the company's stock valued at $2,009,000 after buying an additional 319,580 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Riskified during the second quarter worth about $1,505,000. Finally, Marshall Wace LLP purchased a new position in Riskified during the second quarter worth about $1,453,000. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RSKD. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Riskified in a research note on Friday, August 14th. Wall Street Zen raised shares of Riskified from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 30th. UBS Group raised their price target on shares of Riskified from $5.00 to $6.75 and gave the stock a "neutral" rating in a report on Thursday, August 13th. 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 research report on Thursday, August 13th. Finally, DA Davidson reiterated a "buy" rating and issued a $7.50 price objective on shares of Riskified in a report on Monday. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $6.50.

Check Out Our Latest Stock Analysis on RSKD

About Riskified

(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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