Insider Selling: Riskified (NYSE:RSKD) Director Sells $1,053,360.00 in Stock

Key Points

• Riskified director Erez Shachar sold 167,200 shares at an average price of $6.30, generating $1.05 million. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct holdings by 11.4% to 1.30 million shares.
• Shachar has made a series of additional sales in recent weeks, selling more than 1 million shares across multiple transactions since August 19.
• Riskified shares recently traded near $6.30, close to their 52-week high of $6.61. Analysts’ consensus rating is “Hold”, with an average price target of $6.50, while the company reported quarterly revenue above expectations but remains unprofitable.

Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 167,200 shares of the business's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $6.30, for a total value of $1,053,360.00. Following the transaction, the director directly owned 1,299,683 shares in the company, valued at approximately $8,188,002.90. This trade represents a 11.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 27th, Erez Shachar sold 289,400 shares of Riskified stock. The shares were sold at an average price of $6.12, for a total value 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 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 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 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 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.

Riskified Stock Performance

Shares of RSKD stock traded down $0.01 during midday trading on Monday, hitting $6.30. 2,854,517 shares of the company were exchanged, compared to its average volume of 947,493. The firm has a market capitalization of $933.35 million, a P/E ratio of -57.27 and a beta of 1.38. The firm's 50 day moving average price is $5.41 and its two-hundred day moving average price is $4.82. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $6.61.

Riskified (NYSE:RSKD - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02. The business had revenue of $98.69 million for the quarter, compared to analyst estimates of $89.18 million. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. Analysts expect that Riskified Ltd. will post -0.03 EPS for the current year.

Institutional Trading of Riskified

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Riskified during the 2nd quarter worth $36,000. Man Group plc acquired a new position in Riskified in the fourth quarter valued at about $50,000. Virtu Financial LLC bought a new stake in Riskified during the third quarter worth about $51,000. Invesco Ltd. acquired a new stake in Riskified during the first quarter worth about $51,000. Finally, T3 Companies LLC acquired a new stake in Riskified during the fourth quarter worth about $54,000. 58.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RSKD has been the topic of a number of recent research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Riskified in a research note on Friday, August 14th. DA Davidson reaffirmed a "buy" rating and issued a $7.50 price objective on shares of Riskified in a report on Monday, August 24th. 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. Wall Street Zen raised shares of Riskified from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 30th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of 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 issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Riskified currently has an average rating of "Hold" and a consensus target price of $6.50.

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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