Riskified Ltd. (NYSE:RSKD – Get Free Report) Director Erez Shachar sold 289,400 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $6.12, for a total transaction of $1,771,128.00. Following the completion of the sale, the director owned 1,466,883 shares in the company, valued at approximately $8,977,323.96. This trade represents a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 28th, Erez Shachar sold 167,200 shares of Riskified stock. The stock was sold at an average price of $6.30, for a total transaction of $1,053,360.00.
- 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 shares were 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 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 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 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.
Riskified Price Performance
NYSE RSKD opened at $6.18 on Wednesday. The firm has a market cap of $915.57 million, a P/E ratio of -56.18 and a beta of 1.38. The stock’s 50-day moving average is $5.46 and its 200-day moving average is $4.85. Riskified Ltd. has a one year low of $3.70 and a one year high of $6.61.
Hedge Funds Weigh In On Riskified
Hedge funds have recently modified their holdings of the stock. Millennium Management LLC raised its holdings in Riskified by 335.3% during the fourth 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. Anson Funds Management LP grew its stake in Riskified by 136.0% in the fourth quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock valued at $3,150,000 after purchasing an additional 365,254 shares in the last quarter. California State Teachers Retirement System grew its stake in Riskified by 404.0% in the second 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 acquired a new position in shares of Riskified during the 2nd quarter worth approximately $1,505,000. Finally, Marshall Wace LLP acquired a new position in shares of Riskified during the 2nd quarter worth approximately $1,453,000. Institutional investors own 58.98% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on RSKD shares. UBS Group upped their price target on shares of Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a report on Thursday, August 13th. The Goldman Sachs Group raised their price objective on shares of Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a report on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. Keefe, Bruyette & Woods upped their target price on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research note on Thursday, August 13th. Finally, DA Davidson reiterated a “buy” rating and set a $7.50 target price on shares of Riskified in a report on Monday, August 24th. 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 company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.50.
Check Out Our Latest Stock 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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