Riskified (NYSE:RSKD) Director Sells $292,433.57 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 60,797 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $4.81, for a total value of $292,433.57. Following the completion of the transaction, the director owned 5,158,615 shares of the company’s stock, valued at approximately $24,812,938.15. This represents a 1.16% 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.

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

• 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 value of $214,896.37.

Riskified Price Performance

RSKD stock traded up $0.03 during mid-day trading on Tuesday, reaching $4.79. The company had a trading volume of 802,905 shares, compared to its average volume of 748,670. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $5.68. The stock has a 50 day simple moving average of $4.38 and a two-hundred day simple moving average of $4.58. The company has a market capitalization of $709.64 million, a price-to-earnings ratio of -43.55 and a beta of 1.39.

Riskified (NYSE:RSKD) last issued its earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%.The company had revenue of $88.27 million during the quarter, compared to the consensus estimate of $87.72 million.

Institutional Investors Weigh In On Riskified

A number of institutional investors have recently made changes to their positions in RSKD. Invesco Ltd. bought a new stake in shares of Riskified during the 1st quarter valued at about $51,000. Russell Investments Group Ltd. boosted its position in shares of Riskified by 178.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock valued at $1,125,000 after purchasing 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 about $1,453,000. Qube Research & Technologies Ltd boosted its position 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 valued at $1,355,000 after purchasing an additional 18,690 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Riskified during the 2nd quarter valued at about $36,000. Institutional investors own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RSKD. Truist Financial dropped their price target on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Wall Street Zen upgraded Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, March 15th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.