Insider Selling: Riskified (NYSE:RSKD) Director Sells $294,483.18 in Stock

Key Points

• Riskified director Erez Shachar sold 47,651 shares for approximately $294,483 at an average price of $6.18, reducing his ownership by 1.42% to 3.31 million shares.
• The sale followed a series of insider disposals since late August, totaling more than 1 million shares and several million dollars in proceeds.
• Riskified shares traded near $6.25, while analysts maintained a mixed outlook: the stock carries an average “Hold” rating and an average price target of $6.50. The company recently exceeded revenue expectations and met quarterly EPS estimates.

Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 47,651 shares of Riskified stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $6.18, for a total value of $294,483.18. Following the completion of the transaction, the director owned 3,311,623 shares in the company, valued at $20,465,830.14. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, September 14th, Erez Shachar sold 46,780 shares of Riskified stock. The shares were sold at an average price of $6.28, for a total value of $293,778.40.
• 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 value 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 value of $647,000.00.
• On Tuesday, September 1st, Erez Shachar sold 3,603 shares of Riskified stock. The stock was sold at an average price of $6.27, for a total value 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 Performance

Shares of NYSE:RSKD traded up $0.06 during mid-day trading on Wednesday, hitting $6.25. The stock had a trading volume of 985,242 shares, compared to its average volume of 997,485. The company's 50 day moving average is $5.72 and its 200-day moving average is $4.98. Riskified Ltd. has a 12-month low of $3.70 and a 12-month high of $6.98. The company has a market cap of $926.68 million, a PE ratio of -56.86 and a beta of 1.38.

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

Analysts Set New Price Targets

RSKD has been the topic of several recent analyst reports. DA Davidson reissued a "buy" rating and set a $7.50 price target on shares of Riskified in a research report on Monday, August 24th. Wall Street Zen upgraded Riskified from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 30th. The Goldman Sachs Group lifted their target price on Riskified from $4.75 to $5.50 and gave the company a "sell" rating in a research note on Wednesday, August 12th. Keefe, Bruyette & Woods upped their target price on Riskified from $5.50 to $6.25 and gave the company a "market perform" rating in a report on Thursday, August 13th. Finally, UBS Group increased their price target on shares of Riskified from $5.00 to $6.75 and gave the stock a "neutral" rating in a research report on Thursday, August 13th. Two investment 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. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $6.50.

Hedge Funds Weigh In On Riskified

Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in Riskified by 1.7% during the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company's stock valued at $5,327,000 after purchasing an additional 22,100 shares during the last quarter. Sei Investments Co. increased its position in Riskified by 87.4% in the 1st quarter. Sei Investments Co. now owns 356,173 shares of the company's stock worth $1,396,000 after purchasing an additional 166,099 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Riskified in the 2nd quarter worth about $1,505,000. Tidal Investments LLC raised its stake in shares of Riskified by 142.3% during the 2nd 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 in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Riskified during the 4th quarter worth about $1,019,000. 58.98% of the stock is owned by institutional investors and hedge funds.

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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