Riskified (NYSE:RSKD) Director Erez Shachar Sells 65,169 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 65,169 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $4.80, for a total value of $312,811.20. Following the completion of the sale, the director directly owned 5,093,446 shares of the company’s stock, valued at $24,448,540.80. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 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 2.9%

Shares of RSKD traded up $0.14 during midday trading on Thursday, reaching $4.78. The company had a trading volume of 842,146 shares, compared to its average volume of 750,278. The firm has a 50 day simple moving average of $4.40 and a 200-day simple moving average of $4.58. Riskified Ltd. has a 1-year low of $3.70 and a 1-year high of $5.68. The stock has a market cap of $707.42 million, a PE ratio of -43.41 and a beta of 1.39.

Riskified (NYSE:RSKD) last announced its earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $87.72 million.

Hedge Funds Weigh In On Riskified

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its stake in shares of Riskified by 1.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after buying an additional 22,100 shares during the period. Modern Wealth Management LLC acquired a new stake in shares of Riskified during the 1st quarter worth about $56,000. Sei Investments Co. raised its position in shares of Riskified by 87.4% during the 1st quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock worth $1,396,000 after acquiring an additional 166,099 shares in the last quarter. State of Wyoming raised its position in shares of Riskified by 16.4% during the 1st quarter. State of Wyoming now owns 107,785 shares of the company’s stock worth $423,000 after acquiring an additional 15,195 shares in the last quarter. Finally, R Squared Ltd raised its position in shares of Riskified by 57.8% during the 1st quarter. R Squared Ltd now owns 19,813 shares of the company’s stock worth $78,000 after acquiring an additional 7,257 shares in the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RSKD shares. Wall Street Zen upgraded Riskified from a “hold” rating to a “buy” rating in a report on Sunday, March 15th. Truist Financial decreased their price objective 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 equities research 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 data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.