Erez Shachar Sells 108,150 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 108,150 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $4.87, for a total value of $526,690.50. Following the completion of the sale, the director owned 4,519,735 shares of the company’s stock, valued at $22,011,109.45. This represents a 2.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 Thursday, June 4th, Erez Shachar sold 44,083 shares of Riskified stock. The stock was 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 stock was 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 stock was sold at an average price of $4.81, for a total value of $292,433.57.
• On Thursday, May 21st, Erez Shachar sold 44,677 shares of Riskified stock. The stock was sold at an average price of $4.81, for a total value of $214,896.37.

Riskified Price Performance

NYSE RSKD opened at $4.93 on Friday. The firm has a market cap of $729.64 million, a P/E ratio of -44.77 and a beta of 1.40. The stock’s 50-day moving average is $4.58 and its 200-day moving average is $4.59. Riskified Ltd. has a one year low of $3.70 and a one year high of $5.68.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RSKD. Raymond James Financial Inc. bought a new position in shares of Riskified during the second quarter worth about $36,000. Man Group plc bought a new position in shares of Riskified during the fourth quarter worth about $50,000. Virtu Financial LLC bought a new position in shares of Riskified during the third quarter worth about $51,000. Invesco Ltd. bought a new position in shares of Riskified during the first quarter worth about $51,000. Finally, T3 Companies LLC bought a new position in shares of Riskified during the fourth quarter worth about $54,000. 58.98% of the stock is currently owned by institutional investors.

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.