Erez Shachar Sells 289,400 Shares of Riskified (NYSE:RSKD) Stock

Key Points

• Riskified director Erez Shachar sold 289,400 shares at an average price of $6.12, generating $1.77 million. The Rule 10b5-1 transaction reduced his stake by 16.48% to 1.47 million shares.
• Shachar has made multiple additional sales in recent weeks, including 167,200 shares on August 28, bringing the reported sales described in the article to more than 1.2 million shares.
• Riskified shares recently traded at $6.30, near their 52-week high of $6.61. Analysts’ consensus rating is Hold, with an average price target of $6.50, while the company’s latest quarterly revenue exceeded estimates and EPS matched expectations.

Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 289,400 shares of the business's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $6.12, for a total transaction of $1,771,128.00. Following the completion of the sale, the director owned 1,466,883 shares of the company's stock, valued at approximately $8,977,323.96. This represents a 16.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 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 value of $1,053,360.00.
• 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 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 transaction 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 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 transaction 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 transaction of $145,452.00.

Riskified Stock Performance

RSKD traded down $0.01 during trading on Monday, hitting $6.30. The stock had a trading volume of 2,854,517 shares, compared to its average volume of 947,493. The company has a market capitalization of $933.35 million, a PE ratio of -57.27 and a beta of 1.38. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $6.61. The stock has a 50 day simple moving average of $5.41 and a two-hundred day simple moving average of $4.82.

Riskified (NYSE:RSKD - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $98.69 million during the quarter, compared to analyst estimates of $89.18 million. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%. On average, equities research analysts anticipate that Riskified Ltd. will post -0.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wall Street Zen raised Riskified from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 30th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Riskified in a research note on Friday, August 14th. UBS Group lifted their price target on Riskified from $5.00 to $6.75 and gave the company a "neutral" rating in a research report on Thursday, August 13th. The Goldman Sachs Group upped their price objective on Riskified from $4.75 to $5.50 and gave the stock a "sell" rating in a research report on Wednesday, August 12th. Finally, DA Davidson reaffirmed a "buy" rating and set a $7.50 price objective on shares of Riskified in a research note on Monday, August 24th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $6.50.

Institutional Trading of Riskified

Several institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its position in shares of Riskified by 404.0% during the 2nd quarter. California State Teachers Retirement System now owns 398,684 shares of the company's stock worth $2,009,000 after purchasing an additional 319,580 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Riskified in the second quarter valued at approximately $1,505,000. Renaissance Technologies LLC boosted 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. Modern Wealth Management LLC purchased a new stake in shares of Riskified during the first quarter worth approximately $56,000. Finally, Sei Investments Co. raised its stake in Riskified by 87.4% in the 1st quarter. Sei Investments Co. now owns 356,173 shares of the company's stock valued at $1,396,000 after purchasing an additional 166,099 shares during the last quarter. Institutional investors and hedge funds own 58.98% of the company's stock.

About Riskified

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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