Riskified Ltd. (NYSE:RSKD – Get Free Report) Director Erez Shachar sold 157,200 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $5.95, for a total transaction of $935,340.00. Following the completion of the sale, the director directly owned 709,684 shares in the company, valued at approximately $4,222,619.80. The trade was a 18.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 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 stock was 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 value 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 value 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 value of $427,756.63.
- On Friday, July 10th, Erez Shachar sold 24,328 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total value of $126,992.16.
- On Thursday, July 9th, Erez Shachar sold 64,800 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total transaction of $338,256.00.
- On Wednesday, July 8th, Erez Shachar sold 64,349 shares of Riskified stock. The shares were sold at an average price of $5.18, for a total transaction of $333,327.82.
- On Tuesday, July 7th, Erez Shachar sold 148,221 shares of Riskified stock. The shares were sold at an average price of $5.27, for a total transaction of $781,124.67.
Riskified Price Performance
RSKD opened at $5.90 on Monday. The firm has a fifty day moving average price of $5.30 and a 200 day moving average price of $4.76. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $6.61. The stock has a market cap of $874.09 million, a P/E ratio of -53.64 and a beta of 1.38.
Wall Street Analyst Weigh In
RSKD has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their price target on Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. DA Davidson increased their price target on Riskified from $6.00 to $7.50 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Finally, Keefe, Bruyette & Woods boosted their price objective on Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.50.
Get Our Latest Stock Analysis on Riskified
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Riskified during the second quarter worth $36,000. Man Group plc purchased a new position in shares of Riskified in the fourth quarter worth about $50,000. Virtu Financial LLC purchased a new position in shares of Riskified in the third quarter worth about $51,000. Invesco Ltd. purchased a new position in shares of Riskified in the first quarter worth about $51,000. Finally, T3 Companies LLC acquired a new position in Riskified during the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.
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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