Erez Shachar Sells 100,000 Shares of Riskified (NYSE:RSKD) Stock

Key Points

• Riskified director Erez Shachar sold 100,000 shares at an average price of $6.47, generating $647,000. Following the transaction, he still owned 3.46 million shares, while a series of recent sales indicate substantially reduced ownership.
• Riskified shares rose 4.5% to $6.95, near the company’s 52-week high of $6.98. The company recently reported quarterly revenue of $98.69 million, exceeding the $89.18 million analyst estimate, and matched earnings expectations at $0.02 per share.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $6.50; institutional investors own approximately 58.98% of the stock.

Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 100,000 shares of the firm's stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $6.47, for a total value of $647,000.00. Following the transaction, the director owned 3,456,054 shares in the company, valued at $22,360,669.38. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 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 stock was 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 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 stock was 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 shares were sold at an average price of $5.95, for a total value 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.

Riskified Stock Up 4.5%

Shares of NYSE:RSKD traded up $0.30 during trading on Thursday, hitting $6.95. 3,764,559 shares of the company traded hands, compared to its average volume of 987,297. The business's fifty day moving average is $5.50 and its 200-day moving average is $4.86. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -63.18 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 announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 the consensus estimate of $89.18 million. On average, analysts forecast that Riskified Ltd. will post -0.03 EPS for the current year.

Hedge Funds Weigh In On Riskified

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Riskified during the 4th quarter worth about $1,019,000. Globeflex Capital L P bought a new position in shares of Riskified in the fourth quarter valued at approximately $736,000. Sei Investments Co. boosted its holdings in shares of Riskified by 87.4% in the first quarter. Sei Investments Co. now owns 356,173 shares of the company's stock valued at $1,396,000 after acquiring an additional 166,099 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Riskified during the third quarter valued at approximately $51,000. Finally, Man Group plc acquired a new position in shares of Riskified during the fourth quarter valued at approximately $50,000. Institutional investors own 58.98% of the company's stock.

Wall Street Analyst Weigh In

RSKD has been the subject of several analyst reports. UBS Group boosted 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. Keefe, Bruyette & Woods lifted their price objective 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. The Goldman Sachs Group boosted their target price on shares of Riskified from $4.75 to $5.50 and gave the company a "sell" rating in a research note on Wednesday, August 12th. Weiss Ratings restated a "sell (d-)" rating on shares of Riskified in a research report on Friday, August 14th. Finally, DA Davidson restated a "buy" rating and issued a $7.50 price target on shares of Riskified in a research note on Monday, August 24th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Riskified currently has a consensus rating of "Hold" and an average 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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