Riskified Ltd. (NYSE:RSKD – Get Free Report) Director Erez Shachar sold 50,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $6.72, for a total value of $336,000.00. Following the completion of the transaction, the director owned 3,406,054 shares of the company’s stock, valued at $22,888,682.88. This represents a 1.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
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 value 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 value 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 shares were sold at an average price of $6.30, for a total transaction 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 stock was 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 shares were sold at an average price of $5.89, for a total transaction 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 transaction of $935,340.00.
Riskified Trading Down 5.1%
NYSE:RSKD opened at $6.18 on Wednesday. The company has a market cap of $915.13 million, a PE ratio of -56.15 and a beta of 1.38. The company has a 50 day simple moving average of $5.62 and a two-hundred day simple moving average of $4.92. Riskified Ltd. has a 12 month low of $3.70 and a 12 month high of $6.98.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Nuveen LLC increased its stake in Riskified by 3.3% in the 4th quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after buying an additional 47,464 shares in the last quarter. Monimus Capital Management LP lifted its position in shares of Riskified by 13.2% in the fourth quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock valued at $6,982,000 after acquiring an additional 164,302 shares in the last quarter. Renaissance Technologies LLC lifted 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 valued at $5,327,000 after acquiring an additional 22,100 shares in the last quarter. State Street Corp boosted its stake in shares of Riskified by 11.9% in the fourth 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 during the period. Finally, Millennium Management LLC grew its position in shares of 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 purchasing an additional 612,719 shares in the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.
Analysts Set New Price Targets
RSKD has been the topic of several research reports. The Goldman Sachs Group raised their target price on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Keefe, Bruyette & Woods increased their price objective 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. DA Davidson restated a “buy” rating and set a $7.50 target price on shares of Riskified in a research report on Monday, August 24th. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Finally, UBS Group lifted their price target on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Riskified has a consensus rating of “Hold” and a consensus price target of $6.50.
Get Our Latest Analysis on RSKD
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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