Riskified (NYSE:RSKD) Director Erez Shachar Sells 109,462 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 109,462 shares of Riskified stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $4.93, for a total transaction of $539,647.66. Following the completion of the transaction, the director owned 4,777,811 shares in the company, valued at approximately $23,554,608.23. This represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, June 11th, Erez Shachar sold 81,762 shares of Riskified stock. The shares were sold at an average price of $4.87, for a total transaction of $398,180.94.
• On Tuesday, June 9th, Erez Shachar sold 132,462 shares of Riskified stock. The shares were sold at an average price of $4.91, for a total transaction of $650,388.42.
• On Monday, June 8th, Erez Shachar sold 108,150 shares of Riskified stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $4.81, for a total transaction of $214,896.37.

Riskified Trading Up 0.1%

Shares of RSKD opened at $4.94 on Friday. The stock has a market cap of $731.12 million, a P/E ratio of -44.86 and a beta of 1.40. The company has a 50-day moving average of $4.60 and a two-hundred day moving average of $4.59. Riskified Ltd. has a 12-month low of $3.70 and a 12-month high of $5.68.

Riskified (NYSE:RSKD) last posted its quarterly earnings data 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 business had revenue of $88.27 million during the quarter, compared to analyst estimates 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, analysts forecast that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Riskified

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its position in Riskified by 1.7% during the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock worth $5,327,000 after purchasing an additional 22,100 shares during the last quarter. Modern Wealth Management LLC acquired a new position in Riskified during the first quarter worth approximately $56,000. Sei Investments Co. increased its position in Riskified by 87.4% during the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock worth $1,396,000 after purchasing an additional 166,099 shares during the last quarter. State of Wyoming increased its position in Riskified by 16.4% during the first quarter. State of Wyoming now owns 107,785 shares of the company’s stock worth $423,000 after purchasing an additional 15,195 shares during the last quarter. Finally, R Squared Ltd increased its position in Riskified by 57.8% during the first quarter. R Squared Ltd now owns 19,813 shares of the company’s stock worth $78,000 after purchasing an additional 7,257 shares during the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RSKD. Truist Financial cut their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research report 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 equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.96.

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.