Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 167,200 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $6.30, for a total transaction of $1,053,360.00. Following the completion of the sale, the director owned 1,299,683 shares in the company, valued at $8,188,002.90. The trade was a 11.40% decrease in their position. The transaction 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 27th, Erez Shachar sold 289,400 shares of Riskified stock. The stock was sold at an average price of $6.12, for a total transaction of $1,771,128.00.
- On Wednesday, August 26th, Erez Shachar sold 145,500 shares of Riskified stock. The shares were sold at an average price of $5.96, for a total transaction of $867,180.00.
- On Tuesday, August 25th, Erez Shachar sold 89,994 shares of Riskified stock. The shares were sold at an average price of $5.94, for a total transaction of $534,564.36.
- On Monday, August 24th, Erez Shachar sold 102,407 shares of Riskified stock. The shares were 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 stock was 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 shares were 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 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 stock was 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 value of $145,452.00.
Riskified Trading Down 0.2%
Shares of RSKD stock opened at $6.30 on Tuesday. The stock has a 50 day moving average of $5.44 and a 200 day moving average of $4.84. The stock has a market cap of $933.35 million, a P/E ratio of -57.27 and a beta of 1.38. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $6.61.
Riskified (NYSE:RSKD - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (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 company had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. On average, research analysts predict that Riskified Ltd. will post -0.03 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on RSKD. The Goldman Sachs Group boosted their target price 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. UBS Group lifted their price objective on shares of Riskified from $5.00 to $6.75 and gave the company a "neutral" rating in a report on Thursday, August 13th. Keefe, Bruyette & Woods upped their price objective on shares of Riskified from $5.50 to $6.25 and gave the stock a "market perform" rating in a research report on Thursday, August 13th. Wall Street Zen raised shares of Riskified from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 30th. Finally, DA Davidson reissued a "buy" rating and set a $7.50 target price on shares of Riskified in a research note on Monday, August 24th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Riskified presently has a consensus rating of "Hold" and an average price target of $6.50.
Get Our Latest Analysis on RSKD
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System increased its holdings in Riskified by 404.0% in the 2nd quarter. California State Teachers Retirement System now owns 398,684 shares of the company's stock worth $2,009,000 after acquiring an additional 319,580 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Riskified during the second quarter valued at $1,505,000. Renaissance Technologies LLC lifted its holdings in Riskified by 1.7% during the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company's stock valued at $5,327,000 after purchasing an additional 22,100 shares in the last quarter. Modern Wealth Management LLC acquired a new stake in shares of Riskified in the first quarter valued at about $56,000. Finally, Sei Investments Co. grew its position in shares of Riskified by 87.4% in the first quarter. Sei Investments Co. now owns 356,173 shares of the company's stock valued at $1,396,000 after purchasing an additional 166,099 shares during the period. Hedge funds and other institutional investors own 58.98% of the company's stock.
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.
Further Reading
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