Riskified (NYSE:RSKD) Director Erez Shachar Sells 261,459 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 261,459 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $4.95, for a total transaction of $1,294,222.05. Following the transaction, the director directly owned 4,203,466 shares in the company, valued at $20,807,156.70. The trade was a 5.86% decrease in their ownership of the stock. The sale was disclosed in a 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, June 17th, Erez Shachar sold 96,100 shares of Riskified stock. The stock was sold at an average price of $4.94, for a total transaction of $474,734.00.
• On Thursday, June 11th, Erez Shachar sold 81,762 shares of Riskified stock. The stock was sold at an average price of $4.87, for a total transaction of $398,180.94.
• On Wednesday, June 10th, Erez Shachar sold 109,462 shares of Riskified stock. The stock was sold at an average price of $4.93, for a total transaction of $539,647.66.
• On Tuesday, June 9th, Erez Shachar sold 132,462 shares of Riskified stock. The stock was sold at an average price of $4.91, for a total value of $650,388.42.
• 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 value 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 value of $216,006.70.
• On Wednesday, June 3rd, Erez Shachar sold 2,562 shares of Riskified stock. The stock was sold at an average price of $4.90, for a total value of $12,553.80.
• On Wednesday, May 27th, Erez Shachar sold 400 shares of Riskified stock. The stock was sold at an average price of $4.80, for a total value 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 value 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 value of $292,433.57.

Riskified Price Performance

NYSE:RSKD traded up $0.03 during mid-day trading on Thursday, reaching $4.94. The stock had a trading volume of 1,188,921 shares, compared to its average volume of 796,605. The stock has a market cap of $731.42 million, a P/E ratio of -44.88 and a beta of 1.40. The business’s 50 day moving average is $4.65 and its 200 day moving average is $4.59. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $5.68.

Riskified (NYSE:RSKD) last posted its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $88.27 million during 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%. Equities analysts expect that Riskified Ltd. will post -0.01 EPS for the current year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Riskified

Institutional investors have recently modified their holdings of the company. Invesco Ltd. acquired a new stake in shares of Riskified in the first quarter worth $51,000. Russell Investments Group Ltd. grew its stake in Riskified by 178.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock valued at $1,125,000 after buying an additional 144,431 shares during the last quarter. Marshall Wace LLP bought a new position in Riskified in the 2nd quarter worth $1,453,000. Qube Research & Technologies Ltd raised its holdings in Riskified by 7.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock worth $1,355,000 after acquiring an additional 18,690 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Riskified during the 2nd quarter worth $36,000. 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.