Key Points
- Riskified director Erez Shachar sold 50,000 shares at an average price of $6.72, generating $336,000. After the transaction, he still owned 3.41 million shares, and the sale reduced his position by 1.45%.
- The sale follows a series of insider transactions in which Shachar sold more than 1.2 million additional shares during late August and early September, indicating sustained insider selling activity.
- Riskified recently reported quarterly revenue of $98.69 million, above analyst expectations, while shares traded near $6.18. Analysts maintain a consensus “Hold” rating with an average price target of $6.50.
Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 50,000 shares of the business's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $6.72, for a total transaction of $336,000.00. Following the completion of the transaction, the director directly owned 3,406,054 shares in the company, valued at $22,888,682.88. This trade represents a 1.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Erez Shachar also recently made the following trade(s):
- On Wednesday, September 2nd, Erez Shachar sold 100,000 shares of Riskified stock. The stock was sold at an average price of $6.47, for a total transaction of $647,000.00.
- On Tuesday, September 1st, Erez Shachar sold 3,603 shares of Riskified stock. The shares were sold at an average price of $6.27, for a total transaction of $22,590.81.
- On Monday, August 31st, Erez Shachar sold 100,000 shares of Riskified stock. The shares were 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 shares were 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 value of $867,180.00.
- On Tuesday, August 25th, Erez Shachar sold 89,994 shares of Riskified stock. The stock was 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 value 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 value 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 value of $935,340.00.
Riskified Price Performance
Shares of RSKD opened at $6.18 on Wednesday. The stock has a market capitalization of $915.13 million, a price-to-earnings ratio of -56.15 and a beta of 1.38. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $6.98. The business's 50 day simple moving average is $5.62 and its 200-day simple moving average is $4.92.
Riskified (NYSE:RSKD - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, meeting analysts' consensus estimates of $0.02. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. The firm had revenue of $98.69 million during the quarter, compared to analyst estimates of $89.18 million. On average, sell-side analysts expect that Riskified Ltd. will post -0.03 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have recently issued reports on RSKD shares. Keefe, Bruyette & Woods upped their target price 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. Wall Street Zen raised Riskified from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 30th. The Goldman Sachs Group upped their price objective on Riskified from $4.75 to $5.50 and gave the company a "sell" rating in a research report on Wednesday, August 12th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Riskified in a research note on Friday, August 14th. Finally, UBS Group lifted their target price on Riskified from $5.00 to $6.75 and gave the stock a "neutral" rating in a report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $6.50.
Read Our Latest Report on RSKD
Institutional Trading of Riskified
Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in shares of Riskified during the second quarter valued at $36,000. Man Group plc purchased a new position in Riskified in the 4th quarter worth about $50,000. T3 Companies LLC bought a new stake in Riskified during the 4th quarter valued at about $54,000. Orion Porfolio Solutions LLC bought a new stake in Riskified during the 2nd quarter valued at about $54,000. Finally, Virtu Financial LLC purchased a new stake in Riskified in the 3rd quarter valued at about $51,000. 58.98% of the stock is currently owned by institutional investors.
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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