Riskified Ltd. (NYSE:RSKD – Get Free Report) Director Erez Shachar sold 102,407 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $5.92, for a total value of $606,249.44. Following the completion of the sale, the director owned 1,991,777 shares of the company’s stock, valued at approximately $11,791,319.84. This trade represents a 4.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Erez Shachar also recently made the following trade(s):
- 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.
- On Wednesday, August 19th, Erez Shachar sold 139,884 shares of Riskified stock. The stock was 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 transaction 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 transaction of $41,047.71.
- On Monday, July 20th, Erez Shachar sold 27,600 shares of Riskified stock. The shares were 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 stock was 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 stock was sold at an average price of $5.21, for a total transaction of $427,756.63.
- On Friday, July 10th, Erez Shachar sold 24,328 shares of Riskified stock. The shares were sold at an average price of $5.22, for a total transaction of $126,992.16.
- On Thursday, July 9th, Erez Shachar sold 64,800 shares of Riskified stock. The shares were sold at an average price of $5.22, for a total transaction of $338,256.00.
Riskified Price Performance
RSKD traded down $0.01 during trading hours on Tuesday, reaching $5.93. 849,750 shares of the stock traded hands, compared to its average volume of 927,186. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $6.61. The company has a market cap of $879.27 million, a price-to-earnings ratio of -53.95 and a beta of 1.38. The firm’s fifty day simple moving average is $5.32 and its two-hundred day simple moving average is $4.77.
Hedge Funds Weigh In On Riskified
Large investors have recently modified their holdings of the stock. Nuveen LLC grew its stake in Riskified by 3.3% in the fourth quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after purchasing an additional 47,464 shares in the last quarter. Monimus Capital Management LP lifted its holdings in Riskified by 13.2% during the 4th quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock worth $6,982,000 after buying an additional 164,302 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in 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 buying an additional 22,100 shares during the last quarter. State Street Corp grew its position in shares of Riskified by 11.9% in the 4th quarter. State Street Corp now owns 866,456 shares of the company’s stock worth $4,306,000 after acquiring an additional 92,019 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Riskified by 335.3% in the 4th quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock worth $3,953,000 after acquiring an additional 612,719 shares in the last quarter. Institutional investors own 58.98% of the company’s stock.
Wall Street Analysts Forecast Growth
RSKD has been the topic of several recent analyst reports. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Keefe, Bruyette & Woods raised their price objective on Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research note on Thursday, August 13th. The Goldman Sachs Group lifted their price objective on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a report on Wednesday, August 12th. DA Davidson reaffirmed a “buy” rating and issued a $7.50 target price on shares of Riskified in a research report on Monday. Finally, UBS Group increased their target price on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research note 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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.50.
Check Out Our Latest Analysis on RSKD
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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