Riskified Ltd. (NYSE:RSKD – Get Free Report) Director Erez Shachar sold 168,300 shares of Riskified stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $4.89, for a total transaction of $822,987.00. Following the completion of the transaction, the director owned 3,612,062 shares in the company, valued at $17,662,983.18. This trade represents a 4.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 23rd, Erez Shachar sold 150,200 shares of Riskified stock. The stock was sold at an average price of $4.93, for a total value of $740,486.00.
- On Monday, June 22nd, Erez Shachar sold 75,204 shares of Riskified stock. The shares were sold at an average price of $4.92, for a total value of $370,003.68.
- On Thursday, June 18th, Erez Shachar sold 101,600 shares of Riskified stock. The shares were sold at an average price of $4.93, for a total value of $500,888.00.
- On Wednesday, June 17th, Erez Shachar sold 96,100 shares of Riskified stock. The shares were sold at an average price of $4.94, for a total value of $474,734.00.
- 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 value of $1,294,222.05.
- 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 shares were 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 transaction of $650,388.42.
- On Monday, June 8th, Erez Shachar sold 108,150 shares of Riskified stock. The stock was sold at an average price of $4.87, for a total transaction 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.
Riskified Trading Up 0.7%
NYSE:RSKD traded up $0.03 during trading hours on Thursday, hitting $4.91. 1,430,187 shares of the company traded hands, compared to its average volume of 815,917. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.68. The firm has a 50-day moving average of $4.74 and a 200 day moving average of $4.59. The stock has a market capitalization of $728.01 million, a price-to-earnings ratio of -44.67 and a beta of 1.40.
Hedge Funds Weigh In On Riskified
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of Riskified during the 2nd quarter valued at about $36,000. Man Group plc acquired a new stake in Riskified during the fourth quarter valued at approximately $50,000. Virtu Financial LLC bought a new stake in shares of Riskified in the 3rd quarter valued at approximately $51,000. Invesco Ltd. bought a new stake in shares of Riskified in the 1st quarter valued at approximately $51,000. Finally, T3 Companies LLC acquired a new position in shares of Riskified in the 4th quarter worth approximately $54,000. 58.98% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on RSKD. Truist Financial lowered their price target on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note 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 analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.96.
Check Out Our Latest Stock Analysis on RSKD
Riskified Company Profile
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.
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