Erez Shachar Sells 89,994 Shares of Riskified (NYSE:RSKD) Stock

Key Points

• Director Erez Shachar sold 89,994 Riskified shares at an average price of $5.94, generating $534,564.36 and reducing his direct stake by 4.52% to 1.90 million shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Shachar has made multiple additional sales in recent weeks, including 145,500 shares on August 26 and several other transactions during August and July, indicating substantial ongoing insider selling.
• Riskified shares traded at $6.12, near their 12-month high of $6.61. The company exceeded quarterly revenue expectations with $98.69 million but remains unprofitable, while analysts collectively rate the stock “Hold” with an average price target of $6.50.

Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 89,994 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $5.94, for a total value of $534,564.36. Following the sale, the director directly owned 1,901,783 shares in the company, valued at $11,296,591.02. This represents a 4.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 26th, Erez Shachar sold 145,500 shares of Riskified stock. The stock was sold at an average price of $5.96, for a total value of $867,180.00.
• 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 value of $606,249.44.
• On Friday, August 21st, Erez Shachar sold 115,500 shares of Riskified stock. The shares were sold at an average price of $5.89, for a total value of $680,295.00.
• 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 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 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 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.

Riskified Price Performance

RSKD traded up $0.14 during trading on Thursday, hitting $6.12. 1,461,254 shares of the stock traded hands, compared to its average volume of 932,214. The business has a 50 day moving average price of $5.36 and a 200 day moving average price of $4.80. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $6.61. The company has a market cap of $905.95 million, a price-to-earnings ratio of -55.59 and a beta of 1.38.

Riskified (NYSE:RSKD - Get Free Report) last issued its 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 return on equity of 3.93% and a negative net margin of 4.23%.The firm had revenue of $98.69 million for the quarter, compared to the consensus estimate of $89.18 million. On average, equities research analysts predict that Riskified Ltd. will post -0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on RSKD shares. Wall Street Zen raised Riskified from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 30th. Keefe, Bruyette & Woods raised their price target on shares of Riskified from $5.50 to $6.25 and gave the company a "market perform" rating in a research note on Thursday, August 13th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Riskified in a report on Friday, August 14th. DA Davidson reiterated a "buy" rating and set a $7.50 price objective on shares of Riskified in a research report on Monday. Finally, The Goldman Sachs Group increased their price objective 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. Two equities 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.com, the company presently has an average rating of "Hold" and an average target price of $6.50.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Nuveen LLC grew its holdings in Riskified by 3.3% during the 4th quarter. Nuveen LLC now owns 1,476,002 shares of the company's stock worth $7,336,000 after acquiring an additional 47,464 shares during the last quarter. Monimus Capital Management LP lifted its holdings in shares of Riskified by 13.2% during the fourth quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company's stock worth $6,982,000 after purchasing an additional 164,302 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Riskified by 1.7% during the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company's stock worth $5,327,000 after purchasing an additional 22,100 shares during the period. State Street Corp grew its stake in shares of Riskified by 11.9% in the fourth quarter. State Street Corp now owns 866,456 shares of the company's stock worth $4,306,000 after purchasing an additional 92,019 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Riskified by 335.3% in the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company's stock worth $3,953,000 after purchasing an additional 612,719 shares during the last quarter. Institutional investors own 58.98% of the company's stock.

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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