Riskified (NYSE:RSKD) Director Erez Shachar Sells 50,000 Shares of Stock

Key Points

• Riskified director Erez Shachar sold 50,000 shares at an average price of $6.72, generating $336,000. He retained 3.41 million shares, while recent transactions show substantially more selling in prior weeks.
• Riskified shares fell 5.1% to $6.18 during Tuesday trading, though the stock remains above its 50-day and 200-day moving averages. The company reported quarterly revenue of $98.69 million, ahead of analysts’ $89.18 million estimate, and met the $0.02 EPS consensus.
• Analyst sentiment is mixed, with two Buy, three Hold and two Sell ratings; the consensus rating is Hold with a $6.50 price target. Institutional investors own approximately 58.98% of the company.

Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 50,000 shares of the business's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $6.72, for a total transaction of $336,000.00. Following the completion of the sale, the director owned 3,406,054 shares in the company, valued at $22,888,682.88. This represents a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, September 2nd, Erez Shachar sold 100,000 shares of Riskified stock. The shares were 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 stock was 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 stock was sold at an average price of $6.29, for a total value of $629,000.00.
• On Friday, August 28th, Erez Shachar sold 167,200 shares of Riskified stock. The stock was sold at an average price of $6.30, for a total value of $1,053,360.00.
• 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 transaction 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 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 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 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 value of $935,340.00.

Riskified Stock Down 5.1%

Shares of RSKD stock traded down $0.33 during mid-day trading on Tuesday, hitting $6.18. 1,479,373 shares of the company's stock were exchanged, compared to its average volume of 999,427. The stock has a market cap of $915.12 million, a price-to-earnings ratio of -56.15 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. The stock has a 50-day simple moving average of $5.60 and a two-hundred day simple moving average of $4.91.

Riskified (NYSE:RSKD - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, meeting 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 analyst estimates of $89.18 million. As a group, analysts anticipate that Riskified Ltd. will post -0.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on RSKD shares. The Goldman Sachs Group lifted their price target on shares of Riskified from $4.75 to $5.50 and gave the company a "sell" rating in a report on Wednesday, August 12th. Wall Street Zen raised Riskified from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 30th. Keefe, Bruyette & Woods lifted 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. DA Davidson restated a "buy" rating and issued a $7.50 price objective on shares of Riskified in a report on Monday, August 24th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Riskified in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Riskified has an average rating of "Hold" and a consensus price target of $6.50.

Institutional Trading of Riskified

Several large investors have recently added to or reduced their stakes in RSKD. California State Teachers Retirement System increased its holdings in Riskified by 404.0% in the 2nd quarter. California State Teachers Retirement System now owns 398,684 shares of the company's stock valued at $2,009,000 after purchasing an additional 319,580 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Riskified in the second quarter worth about $1,505,000. Renaissance Technologies LLC boosted its position 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 buying an additional 22,100 shares during the period. Modern Wealth Management LLC acquired a new stake in shares of Riskified in the first quarter valued at about $56,000. Finally, Sei Investments Co. grew its stake in shares of Riskified by 87.4% in the first quarter. Sei Investments Co. now owns 356,173 shares of the company's stock valued at $1,396,000 after buying an additional 166,099 shares in the last quarter. 58.98% of the stock is currently owned by institutional investors and hedge funds.

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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