Riskified (NYSE:RSKD) Director Erez Shachar Sells 2,562 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 2,562 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $4.90, for a total value of $12,553.80. Following the sale, the director owned 4,671,968 shares of the company’s stock, valued at approximately $22,892,643.20. This represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• 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, 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 Stock Performance

Shares of NYSE:RSKD traded down $0.07 during midday trading on Friday, hitting $4.75. 682,029 shares of the stock were exchanged, compared to its average volume of 773,174. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $5.68. The business’s fifty day simple moving average is $4.48 and its two-hundred day simple moving average is $4.58. The company has a market capitalization of $702.98 million, a PE ratio of -43.14 and a beta of 1.40.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (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 business had revenue of $88.27 million during the quarter, compared to analyst estimates of $87.72 million. As a group, 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 several recent research reports. Wall Street Zen upgraded 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 investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $5.96.

Hedge Funds Weigh In On Riskified

A number of institutional investors have recently made changes to their positions in RSKD. Raymond James Financial Inc. bought a new position in shares of Riskified in the second quarter worth about $36,000. Man Group plc bought a new position in shares of Riskified in the fourth quarter worth about $50,000. Virtu Financial LLC bought a new position in shares of Riskified in the third quarter worth about $51,000. Invesco Ltd. bought a new position in shares of Riskified in the first quarter worth about $51,000. Finally, T3 Companies LLC bought a new position in shares of Riskified in 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.