Insider Selling: Riskified (NYSE:RSKD) Director Sells $293,778.40 in Stock

Key Points

• Riskified director Erez Shachar sold 46,780 shares for approximately $293,778, reducing his ownership by 1.37% to 3.36 million shares. The sale followed a series of additional insider sales totaling millions of dollars since late August.
• Riskified shares rose 0.9% to $6.25, above their 50-day and 200-day moving averages, but remain unprofitable, with a negative price-to-earnings ratio and analysts expecting a full-year loss.
• Analyst sentiment is mixed, resulting in a consensus “Hold” rating and a $6.50 price target. The company exceeded quarterly revenue expectations, reporting $98.69 million versus the $89.18 million consensus estimate.

Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 46,780 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $6.28, for a total value of $293,778.40. Following the completion of the transaction, the director owned 3,359,274 shares in the company, valued at approximately $21,096,240.72. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, September 15th, Erez Shachar sold 47,651 shares of Riskified stock. The shares were sold at an average price of $6.18, for a total transaction of $294,483.18.
• On Thursday, September 3rd, Erez Shachar sold 50,000 shares of Riskified stock. The shares were sold at an average price of $6.72, for a total transaction of $336,000.00.
• On Wednesday, September 2nd, Erez Shachar sold 100,000 shares of Riskified stock. The stock was sold at an average price of $6.47, for a total transaction of $647,000.00.
• 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 shares were 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 shares were 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 stock was 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 stock was 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 shares were 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 shares were sold at an average price of $5.92, for a total transaction of $606,249.44.

Riskified Stock Up 0.9%

RSKD stock traded up $0.06 during mid-day trading on Wednesday, reaching $6.25. 985,242 shares of the company traded hands, compared to its average volume of 997,485. The firm's 50 day moving average price is $5.72 and its 200 day moving average price is $4.98. The stock has a market cap of $926.68 million, a price-to-earnings ratio of -56.86 and a beta of 1.38. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $6.98.

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, 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 firm had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. On average, analysts anticipate that Riskified Ltd. will post -0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RSKD has been the subject of a number of analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Riskified in a research report on Friday, August 14th. Wall Street Zen upgraded shares of Riskified from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 30th. DA Davidson reiterated a "buy" rating and issued a $7.50 target price on shares of Riskified in a report on Monday, August 24th. The Goldman Sachs Group raised their price target on shares of Riskified from $4.75 to $5.50 and gave the company a "sell" rating in a research report on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Riskified from $5.50 to $6.25 and gave the stock a "market perform" rating in a report on Thursday, August 13th. Two investment 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 currently has a consensus rating of "Hold" and a consensus price target of $6.50.

Institutional Trading of Riskified

Hedge funds have recently bought and sold shares of the business. Tidal Investments LLC boosted its position in Riskified by 142.3% in the second quarter. Tidal Investments LLC now owns 214,731 shares of the company's stock worth $1,082,000 after purchasing an additional 126,121 shares during the last quarter. Engineers Gate Manager LP increased its position in shares of Riskified by 13.7% during the 2nd quarter. Engineers Gate Manager LP now owns 64,591 shares of the company's stock valued at $326,000 after purchasing an additional 7,799 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Riskified during the 2nd quarter worth $1,505,000. Renaissance Technologies LLC raised its stake in shares of Riskified by 1.7% during the 1st 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. Finally, Modern Wealth Management LLC purchased a new position in shares of Riskified in the 1st quarter worth about $56,000. 58.98% of the stock is currently owned by institutional investors.

About Riskified

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce businesses. Its platform uses data analytics, machine learning and network insights to help merchants distinguish legitimate customers from fraudulent transactions, reduce payment-related losses and improve the online shopping experience.

The company's product offerings include solutions designed to protect merchants from chargebacks, identify and prevent policy abuse, secure customer accounts and support payment approval decisions.

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