Riskified (NYSE:RSKD) Director Erez Shachar Sells 44,083 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 44,083 shares of Riskified stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $4.90, for a total value of $216,006.70. Following the sale, the director directly owned 4,627,885 shares of the company’s stock, valued at approximately $22,676,636.50. The trade was a 0.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, June 3rd, Erez Shachar sold 2,562 shares of Riskified stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $4.81, for a total value of $214,896.37.

Riskified Trading Down 1.4%

RSKD opened at $4.75 on Friday. The stock has a market cap of $702.97 million, a price-to-earnings ratio of -43.14 and a beta of 1.40. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $5.68. The stock has a fifty day moving average price of $4.50 and a 200 day moving average price of $4.58.

Riskified (NYSE:RSKD) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm 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%. As a group, sell-side analysts forecast that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. 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 analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Riskified presently has an average rating of “Hold” and a consensus target price of $5.96.

Hedge Funds Weigh In On Riskified

Several institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its holdings in Riskified by 1.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock valued at $1,502,000 after buying an additional 2,900 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in Riskified by 24.8% during the third quarter. FNY Investment Advisers LLC now owns 15,110 shares of the company’s stock valued at $70,000 after buying an additional 3,000 shares in the last quarter. ARK Investment Management LLC raised its holdings in Riskified by 1.2% during the third quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock valued at $1,724,000 after buying an additional 4,248 shares in the last quarter. California State Teachers Retirement System raised its holdings in Riskified by 5.5% during the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock valued at $464,000 after buying an additional 4,826 shares in the last quarter. Finally, Swiss National Bank raised its holdings in Riskified by 3.1% during the fourth quarter. Swiss National Bank now owns 167,513 shares of the company’s stock valued at $833,000 after buying an additional 5,000 shares in the last quarter. 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.