Riskified (NYSE:RSKD) Director Erez Shachar Sells 96,100 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 96,100 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $4.94, for a total transaction of $474,734.00. Following the transaction, the director owned 4,107,366 shares in the company, valued at approximately $20,290,388.04. This trade represents a 2.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 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 shares were 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 transaction 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 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 value 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.
• 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 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 transaction 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.

Riskified Trading Up 0.5%

NYSE:RSKD traded up $0.03 during trading hours on Thursday, hitting $4.94. The company’s stock had a trading volume of 1,188,921 shares, compared to its average volume of 796,605. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $5.68. The stock has a market capitalization of $731.42 million, a P/E ratio of -44.88 and a beta of 1.40. The stock has a fifty day moving average of $4.65 and a 200-day moving average of $4.59.

Riskified (NYSE:RSKD) last announced its earnings results 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%. On average, sell-side analysts forecast that Riskified Ltd. will post -0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RSKD. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Truist Financial lowered their target price on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Three 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 MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.96.

Hedge Funds Weigh In On Riskified

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of Riskified in the 2nd quarter worth $36,000. Man Group plc acquired a new position in shares of Riskified in the fourth quarter worth $50,000. T3 Companies LLC acquired a new position in Riskified in the fourth quarter worth approximately $54,000. Orion Porfolio Solutions LLC bought a new position in shares of Riskified during the 2nd quarter valued at $54,000. Finally, Virtu Financial LLC bought a new stake in shares of Riskified during the 3rd quarter worth about $51,000. Institutional investors own 58.98% of the company’s stock.

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.