Erez Shachar Sells 139,884 Shares of Riskified (NYSE:RSKD) Stock

Key Points

• Riskified director Erez Shachar sold 139,884 shares at an average price of $6.11, generating $854,691; the transaction reduced his stake by 13.89% and was executed under a Rule 10b5-1 trading plan.
• Riskified shares fell 0.8% to $5.90, though the company’s latest quarterly results met EPS expectations and exceeded revenue estimates, reporting $98.69 million versus the $89.18 million consensus.
• Analyst sentiment remains mixed, with a consensus rating of Hold and an average price target of $6.50; institutional investors own approximately 58.98% of the company.

Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 139,884 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $6.11, for a total value of $854,691.24. Following the completion of the transaction, the director owned 866,884 shares of the company's stock, valued at $5,296,661.24. The trade was a 13.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 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 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 transaction 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 transaction 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 transaction of $145,452.00.
• On Thursday, July 16th, Erez Shachar sold 78,800 shares of Riskified stock. The stock was 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 shares were sold at an average price of $5.21, for a total value of $427,756.63.
• On Friday, July 10th, Erez Shachar sold 24,328 shares of Riskified stock. The shares were sold at an average price of $5.22, for a total transaction of $126,992.16.
• On Thursday, July 9th, Erez Shachar sold 64,800 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total transaction of $338,256.00.
• On Wednesday, July 8th, Erez Shachar sold 64,349 shares of Riskified stock. The stock was sold at an average price of $5.18, for a total value of $333,327.82.
• On Tuesday, July 7th, Erez Shachar sold 148,221 shares of Riskified stock. The shares were sold at an average price of $5.27, for a total transaction of $781,124.67.

Riskified Stock Down 0.8%

Shares of NYSE:RSKD traded down $0.05 during trading on Friday, reaching $5.90. The stock had a trading volume of 1,242,419 shares, compared to its average volume of 1,595,490. The stock has a market cap of $874.09 million, a P/E ratio of -53.64 and a beta of 1.38. The business has a fifty day moving average price of $5.30 and a 200-day moving average price of $4.76. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $6.61.

Riskified (NYSE:RSKD - Get Free Report) last posted 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 firm had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million.

Institutional Trading of Riskified

Several institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in Riskified during the 2nd quarter valued at $36,000. Man Group plc bought a new position in shares of Riskified in the 4th quarter valued at about $50,000. T3 Companies LLC acquired a new stake in Riskified during the 4th quarter worth $54,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Riskified during the second quarter worth $54,000. Finally, Virtu Financial LLC acquired a new position in shares of Riskified during the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 58.98% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RSKD shares. Weiss Ratings restated a "sell (d-)" rating on shares of Riskified in a research note on Friday, August 14th. UBS Group upped their price target on shares of Riskified from $5.00 to $6.75 and gave the company a "neutral" rating in a report on Thursday, August 13th. The Goldman Sachs Group increased 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. DA Davidson lifted their target price on shares of Riskified from $6.00 to $7.50 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Finally, Keefe, Bruyette & Woods increased their price objective on Riskified from $5.50 to $6.25 and gave the stock a "market perform" rating in a research note on Thursday, August 13th. Two 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. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $6.50.

Riskified Company Profile

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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