Key Points
- Riskified director Erez Shachar sold 100,000 shares at an average price of $6.29, generating $629,000. After the transaction, he retained 1,199,683 shares, a 7.69% reduction in his holdings.
- Shachar has made numerous additional sales recently, including more than $1 million in shares on August 28 and nearly $1.8 million on August 27, indicating sustained insider selling.
- Riskified shares opened at $6.66, near their 52-week high of $6.68. Analysts have a consensus “Hold” rating and an average price target of $6.50, while the company’s latest quarter beat revenue estimates and met EPS expectations.
Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 3,603 shares of Riskified stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $6.27, for a total transaction of $22,590.81. Following the sale, the director owned 1,196,080 shares in the company, valued at approximately $7,499,421.60. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Erez Shachar also recently made the following trade(s):
- On Monday, August 31st, Erez Shachar sold 100,000 shares of Riskified stock. The stock was sold at an average price of $6.29, for a total transaction of $629,000.00.
- On Friday, August 28th, Erez Shachar sold 167,200 shares of Riskified stock. The shares were sold at an average price of $6.30, for a total transaction of $1,053,360.00.
- 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 value 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 value 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 value 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 transaction of $680,295.00.
- 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 transaction 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.
Riskified Stock Performance
Shares of NYSE:RSKD opened at $6.66 on Thursday. The company has a market capitalization of $987.27 million, a PE ratio of -60.58 and a beta of 1.38. The stock has a fifty day moving average of $5.50 and a 200-day moving average of $4.86. Riskified Ltd. has a one year low of $3.70 and a one year high of $6.68.
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 for the quarter, compared to analysts' expectations of $89.18 million. As a group, research analysts forecast that Riskified Ltd. will post -0.03 EPS for the current fiscal year.
Institutional Investors Weigh In On Riskified
A number of institutional investors have recently bought and sold shares of RSKD. Raymond James Financial Inc. purchased a new position in Riskified during the 2nd quarter valued at about $36,000. Man Group plc purchased a new stake in shares of Riskified in the fourth quarter worth approximately $50,000. T3 Companies LLC purchased a new stake in shares of Riskified in the fourth quarter worth approximately $54,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Riskified during the second quarter worth approximately $54,000. Finally, Virtu Financial LLC acquired a new stake in shares of Riskified during the third quarter worth approximately $51,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on RSKD shares. The Goldman Sachs Group boosted their price objective on Riskified from $4.75 to $5.50 and gave the stock a "sell" rating in a report on Wednesday, August 12th. Wall Street Zen upgraded shares of Riskified from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 30th. DA Davidson reiterated a "buy" rating and issued a $7.50 target price on shares of Riskified in a report on Monday, August 24th. Keefe, Bruyette & Woods lifted their target price 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. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Riskified in a report on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $6.50.
View Our Latest Stock Analysis on Riskified
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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