Erez Shachar Sells 132,462 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 132,462 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $4.91, for a total transaction of $650,388.42. Following the completion of the transaction, the director owned 4,387,273 shares in the company, valued at approximately $21,541,510.43. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Erez Shachar also recently made the following trade(s):

• On Monday, June 8th, Erez Shachar sold 108,150 shares of Riskified stock. The shares were sold at an average price of $4.87, for a total transaction of $526,690.50.
• On Thursday, June 4th, Erez Shachar sold 44,083 shares of Riskified stock. The shares were sold at an average price of $4.90, for a total transaction of $216,006.70.
• On Wednesday, June 3rd, Erez Shachar sold 2,562 shares of Riskified stock. The shares were sold at an average price of $4.90, for a total transaction of $12,553.80.
• On Wednesday, May 27th, Erez Shachar sold 400 shares of Riskified stock. The shares were sold at an average price of $4.80, for a total transaction of $1,920.00.
• On Tuesday, May 26th, Erez Shachar sold 65,169 shares of Riskified stock. The shares were sold at an average price of $4.80, for a total transaction of $312,811.20.
• On Friday, May 22nd, Erez Shachar sold 60,797 shares of Riskified stock. The shares were sold at an average price of $4.81, for a total transaction of $292,433.57.
• On Thursday, May 21st, Erez Shachar sold 44,677 shares of Riskified stock. The shares were sold at an average price of $4.81, for a total transaction of $214,896.37.

Riskified Stock Up 1.8%

RSKD opened at $4.93 on Friday. The stock has a market cap of $729.64 million, a price-to-earnings ratio of -44.77 and a beta of 1.40. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.68. The company’s 50-day moving average price is $4.58 and its two-hundred day moving average price is $4.59.

Riskified (NYSE:RSKD) last released its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $88.27 million for the quarter, compared to analysts’ expectations of $87.72 million. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. As a group, sell-side analysts anticipate that Riskified Ltd. will post -0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RSKD shares. Truist Financial dropped their target price on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.96.

Institutional Trading of Riskified

Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of Riskified in the second quarter valued at approximately $36,000. Man Group plc bought a new stake in shares of Riskified in the fourth quarter valued at approximately $50,000. T3 Companies LLC bought a new stake in shares of Riskified in the fourth quarter valued at approximately $54,000. Orion Porfolio Solutions LLC bought a new stake in shares of Riskified in the second quarter valued at approximately $54,000. Finally, Virtu Financial LLC bought a new stake in shares of Riskified in the third quarter valued at approximately $51,000. 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.