Insider Selling: Riskified (NYSE:RSKD) Director Sells $293,778.40 in Stock

Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 46,780 shares of the firm's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $6.28, for a total value of $293,778.40. Following the completion of the transaction, the director owned 3,359,274 shares of the company's stock, valued at approximately $21,096,240.72. This represents a 1.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Erez Shachar also recently made the following trade(s):

• On Tuesday, September 15th, Erez Shachar sold 47,651 shares of Riskified stock. The shares were sold at an average price of $6.18, for a total value of $294,483.18.
• On Thursday, September 3rd, Erez Shachar sold 50,000 shares of Riskified stock. The shares were sold at an average price of $6.72, for a total value of $336,000.00.
• 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 stock was 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 stock was 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 stock was 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.

Riskified Price Performance

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Shares of NYSE:RSKD opened at $6.25 on Thursday. The firm has a fifty day moving average price of $5.74 and a two-hundred day moving average price of $4.99. The company has a market cap of $926.68 million, a price-to-earnings ratio of -56.86 and a beta of 1.38. Riskified Ltd. has a one year low of $3.70 and a one year high of $6.98.

Riskified (NYSE:RSKD - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts' expectations of $89.18 million. Equities research analysts expect that Riskified Ltd. will post -0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RSKD. Keefe, Bruyette & Woods raised their price target on Riskified from $5.50 to $6.25 and gave the company a "market perform" rating in a report on Thursday, August 13th. UBS Group boosted their price objective on Riskified from $5.00 to $6.75 and gave the stock a "neutral" rating in a report on Thursday, August 13th. Weiss Ratings restated a "sell (d-)" rating on shares of Riskified in a research report 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. Finally, DA Davidson reaffirmed a "buy" rating and issued a $7.50 target price on shares of Riskified in a research note on Monday, August 24th. Two 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's stock. According to data from MarketBeat, Riskified has a consensus rating of "Hold" and an average price target of $6.50.

Get Our Latest Research Report on Riskified

More Riskified News

Here are the key news stories impacting Riskified this week:

• Positive Sentiment: Riskified announced that its Identity Risk Intelligence technology is being integrated into Zendesk’s workflow. The integration will provide retailers with real-time signals to help customer-service agents resolve return claims faster while identifying potential returns fraud. The initiative could expand Riskified’s reach among Zendesk customers and support demand for its fraud-prevention platform. Riskified Brings Identity Risk Intelligence to Zendesk
• Neutral Sentiment: Brokerages have assigned Riskified a consensus rating of “Hold,” suggesting analysts see balanced upside and downside rather than a strong near-term catalyst. The rating could temper buying interest despite the company’s recent operational progress. Riskified Receives Consensus Rating of Hold
• Negative Sentiment: Company insider Ravi Kumaraswami sold 65,000 shares for approximately $401,700, reducing his holdings by 4.02%. Director Erez Shachar also sold 47,651 shares for about $294,483 on September 15 and 46,780 shares for approximately $293,778 on September 14. The combined selling may raise concerns about insider confidence, although Kumaraswami’s transaction was executed under a pre-arranged Rule 10b5-1 trading plan, which can make the sale less indicative of a change in business outlook. Ravi Kumaraswami SEC filing Erez Shachar SEC filing

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd lifted its stake in Riskified by 57.8% during the first quarter. R Squared Ltd now owns 19,813 shares of the company's stock worth $78,000 after purchasing an additional 7,257 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Riskified by 13.7% in the 2nd quarter. Engineers Gate Manager LP now owns 64,591 shares of the company's stock worth $326,000 after purchasing an additional 7,799 shares in the last quarter. T3 Companies LLC bought a new position in shares of Riskified during the 4th quarter valued at about $54,000. Modern Wealth Management LLC bought a new position in shares of Riskified during the 1st quarter valued at about $56,000. Finally, State of Wyoming raised its holdings in shares of Riskified by 16.4% during the 1st quarter. State of Wyoming now owns 107,785 shares of the company's stock valued at $423,000 after buying an additional 15,195 shares in the last quarter. Institutional investors own 58.98% of the company's stock.

About Riskified

(Get Free Report)

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce businesses. Its platform uses data analytics, machine learning and network insights to help merchants distinguish legitimate customers from fraudulent transactions, reduce payment-related losses and improve the online shopping experience.

The company's product offerings include solutions designed to protect merchants from chargebacks, identify and prevent policy abuse, secure customer accounts and support payment approval decisions.

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