Riskified (NYSE:RSKD) Director Erez Shachar Sells 168,300 Shares

Riskified Ltd. (NYSE:RSKDGet Free Report) Director Erez Shachar sold 168,300 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $4.89, for a total value of $822,987.00. Following the completion of the transaction, the director owned 3,612,062 shares of the company’s stock, valued at approximately $17,662,983.18. This represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Tuesday, June 23rd, Erez Shachar sold 150,200 shares of Riskified stock. The stock was sold at an average price of $4.93, for a total value of $740,486.00.
  • On Monday, June 22nd, Erez Shachar sold 75,204 shares of Riskified stock. The stock was sold at an average price of $4.92, for a total value of $370,003.68.
  • On Thursday, June 18th, Erez Shachar sold 101,600 shares of Riskified stock. The shares were sold at an average price of $4.93, for a total value of $500,888.00.
  • On Wednesday, June 17th, Erez Shachar sold 96,100 shares of Riskified stock. The shares were sold at an average price of $4.94, for a total transaction of $474,734.00.
  • On Tuesday, June 16th, Erez Shachar sold 261,459 shares of Riskified stock. The stock was sold at an average price of $4.95, for a total transaction of $1,294,222.05.
  • 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 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 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 stock was sold at an average price of $4.90, for a total transaction of $216,006.70.

Riskified Stock Performance

Shares of RSKD stock opened at $4.91 on Friday. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $5.68. The stock has a market cap of $728.01 million, a price-to-earnings ratio of -44.67 and a beta of 1.40. The firm’s 50-day moving average is $4.75 and its 200-day moving average is $4.59.

Riskified (NYSE:RSKDGet Free Report) last posted 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 business had revenue of $88.27 million during the quarter, compared to analysts’ expectations of $87.72 million. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%. Sell-side analysts predict that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RSKD. Invesco Ltd. acquired a new stake in shares of Riskified in the first quarter valued at approximately $51,000. Russell Investments Group Ltd. raised its holdings 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 acquiring an additional 144,431 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Riskified during the 2nd quarter valued at $1,453,000. Qube Research & Technologies Ltd grew its holdings in shares of Riskified by 7.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock worth $1,355,000 after purchasing an additional 18,690 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Riskified during the 2nd quarter worth $36,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RSKD. Truist Financial decreased their price target 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 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 given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.96.

Read Our Latest Stock Report on Riskified

Riskified Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Riskified (NYSE:RSKD)

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