Riskified (NYSE:RSKD) Director Sells 145,500 Shares of Stock

Key Points

• Director Erez Shachar sold 145,500 Riskified shares at an average price of $5.96, generating $867,180 and reducing his stake by 7.65%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, following several other sales in recent weeks.
• Riskified shares rose 2.4% to $6.12, with the stock trading above its 50-day and 200-day moving averages. The company recently met quarterly EPS expectations at $0.02 and reported revenue of $98.69 million, ahead of the $89.18 million analyst estimate.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $6.50; published targets range from $6.25 to $7.50. Institutional investors own approximately 58.98% of the company.

Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 145,500 shares of the company's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $5.96, for a total value of $867,180.00. Following the sale, the director owned 1,756,283 shares of the company's stock, valued at approximately $10,467,446.68. This represents a 7.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 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 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 stock was 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.
• On Wednesday, August 19th, Erez Shachar sold 139,884 shares of Riskified stock. The shares were sold at an average price of $6.11, for a total value 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 value 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 value 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 shares were 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 Trading Up 2.4%

Shares of NYSE:RSKD traded up $0.14 during trading on Thursday, reaching $6.12. The stock had a trading volume of 1,461,254 shares, compared to its average volume of 932,214. The firm's 50-day simple moving average is $5.36 and its 200 day simple moving average is $4.80. Riskified Ltd. has a one year low of $3.70 and a one year high of $6.61. The company has a market capitalization of $905.95 million, a P/E ratio of -55.59 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 EPS 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 during the quarter, compared to analyst estimates of $89.18 million. Equities research analysts forecast that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on RSKD shares. Wall Street Zen upgraded Riskified from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 30th. Keefe, Bruyette & Woods boosted their target price on Riskified from $5.50 to $6.25 and gave the stock 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 research report on Friday, August 14th. UBS Group increased their price target on Riskified from $5.00 to $6.75 and gave the company a "neutral" rating in a research note on Thursday, August 13th. Finally, DA Davidson reissued a "buy" rating and issued a $7.50 price target on shares of Riskified in a report on Monday. Two 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $6.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RSKD. Millennium Management LLC boosted its position in Riskified by 335.3% in the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company's stock valued at $3,953,000 after buying an additional 612,719 shares during the last quarter. Anson Funds Management LP raised its position in Riskified by 136.0% during the 4th quarter. Anson Funds Management LP now owns 633,746 shares of the company's stock worth $3,150,000 after buying an additional 365,254 shares during the last quarter. California State Teachers Retirement System raised its position in Riskified by 404.0% during the 2nd quarter. California State Teachers Retirement System now owns 398,684 shares of the company's stock worth $2,009,000 after buying an additional 319,580 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Riskified during the 2nd quarter valued at approximately $1,505,000. Finally, Marshall Wace LLP acquired a new stake in Riskified during the 2nd quarter valued at approximately $1,453,000. Hedge funds and other 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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