Riskified (NYSE:RSKD) Director Sells $526,690.50 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 108,150 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $4.87, for a total value of $526,690.50. Following the transaction, the director directly owned 4,519,735 shares of the company’s stock, valued at $22,011,109.45. This trade represents a 2.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 value 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 value of $539,647.66.
• On Tuesday, June 9th, Erez Shachar sold 132,462 shares of Riskified stock. The stock was sold at an average price of $4.91, for a total value of $650,388.42.
• 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, 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 value 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 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 Up 0.1%

Shares of RSKD stock opened at $4.94 on Friday. The firm has a market capitalization of $731.12 million, a P/E ratio of -44.86 and a beta of 1.40. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.68. The stock’s fifty day simple moving average is $4.60 and its 200 day simple moving average is $4.59.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $88.27 million for the quarter, compared to analyst estimates 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, equities research analysts expect that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Riskified

Institutional investors and hedge funds have recently made changes to their positions in the business. Harvey Partners LLC boosted its position in shares of Riskified by 20.4% during the 3rd quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after purchasing an additional 523,855 shares in the last quarter. Clearline Capital LP boosted its position in shares of Riskified by 23.8% during the 3rd quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after purchasing an additional 597,765 shares in the last quarter. TFJ Management LLC boosted its position in shares of Riskified by 31.7% during the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock valued at $6,524,000 after purchasing an additional 335,399 shares in the last quarter. Globeflex Capital L P bought a new stake in shares of Riskified during the 4th quarter valued at about $736,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Riskified during the 4th quarter valued at about $1,019,000. Institutional investors own 58.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Truist Financial reduced their price target on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.96.

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.