Erez Shachar Sells 157,200 Shares of Riskified (NYSE:RSKD) Stock

Key Points

• Riskified director Erez Shachar sold 157,200 shares on August 20 at an average price of $5.95, generating $935,340. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 18.13% to 709,684 shares.
• Shachar has made multiple additional sales since early July, including 139,884 shares on August 19, indicating substantial recent insider selling.
• Riskified shares closed at $5.90, while analysts maintain a consensus “Hold” rating and an average price target of $6.50. The company’s latest quarterly results matched earnings expectations and exceeded revenue forecasts.

Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 157,200 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $5.95, for a total value of $935,340.00. Following the sale, the director owned 709,684 shares of the company's stock, valued at approximately $4,222,619.80. This represents a 18.13% decrease in their ownership of the stock. 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 Wednesday, August 19th, Erez Shachar sold 139,884 shares of Riskified stock. The stock was sold at an average price of $6.11, for a total transaction of $854,691.24.
• On Monday, July 27th, Erez Shachar sold 5,586 shares of Riskified stock. The stock was 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 transaction of $41,047.71.
• On Monday, July 20th, Erez Shachar sold 27,600 shares of Riskified stock. The shares were sold at an average price of $5.27, for a total value 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 transaction 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 transaction 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 shares were sold at an average price of $5.22, for a total value of $338,256.00.
• On Wednesday, July 8th, Erez Shachar sold 64,349 shares of Riskified stock. The shares were 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 value of $781,124.67.

Riskified Price Performance

Riskified stock traded down $0.05 during trading on Friday, reaching $5.90. 1,242,419 shares of the company were exchanged, compared to its average volume of 1,595,490. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $6.61. The company has a market capitalization of $874.09 million, a P/E ratio of -53.64 and a beta of 1.38. The stock's 50 day simple moving average is $5.30 and its two-hundred day simple moving average is $4.76.

Riskified (NYSE:RSKD - Get Free Report) last announced its quarterly 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 business had revenue of $98.69 million during the quarter, compared to analysts' expectations of $89.18 million.

Institutional Trading of Riskified

Institutional investors have recently made changes to their positions in the stock. Globeflex Capital L P bought a new stake in Riskified during the fourth quarter worth approximately $736,000. Nano Cap New Millennium Growth Fund L P bought a new position in Riskified during the fourth quarter valued at about $1,019,000. Sei Investments Co. lifted its stake in shares of Riskified by 87.4% in the first quarter. Sei Investments Co. now owns 356,173 shares of the company's stock worth $1,396,000 after buying an additional 166,099 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Riskified by 1.7% in the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company's stock worth $5,327,000 after acquiring an additional 22,100 shares during the last quarter. Finally, Modern Wealth Management LLC bought a new position in Riskified during the first quarter valued at about $56,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RSKD. Weiss Ratings restated a "sell (d-)" rating on shares of Riskified in a research report on Friday, August 14th. Keefe, Bruyette & Woods increased their target price on Riskified from $5.50 to $6.25 and gave the stock a "market perform" rating in a research note on Thursday, August 13th. DA Davidson raised their price target on Riskified from $6.00 to $7.50 and gave the company a "buy" rating in a report on Thursday, August 13th. Wall Street Zen upgraded Riskified from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 30th. Finally, UBS Group increased their price objective on Riskified from $5.00 to $6.75 and gave the stock a "neutral" rating in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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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