Erez Shachar Sells 150,200 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 150,200 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $4.93, for a total transaction of $740,486.00. Following the sale, the director owned 3,780,362 shares of the company’s stock, valued at approximately $18,637,184.66. This represents a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 Wednesday, June 24th, Erez Shachar sold 168,300 shares of Riskified stock. The shares were sold at an average price of $4.89, for a total transaction of $822,987.00.
• 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 transaction 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 transaction of $500,888.00.
• On Wednesday, June 17th, Erez Shachar sold 96,100 shares of Riskified stock. The stock was sold at an average price of $4.94, for a total transaction of $474,734.00.
• On Tuesday, June 16th, Erez Shachar sold 261,459 shares of Riskified stock. The shares were 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 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 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 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 value of $526,690.50.
• On Thursday, June 4th, Erez Shachar sold 44,083 shares of Riskified stock. The shares were sold at an average price of $4.90, for a total value of $216,006.70.

Riskified Stock Performance

RSKD stock opened at $5.05 on Friday. The firm has a market cap of $748.91 million, a P/E ratio of -45.95 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 50-day simple moving average of $4.77 and a 200-day simple moving average of $4.59.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $88.27 million for the quarter, compared to analyst estimates of $87.72 million. On average, equities research analysts predict that Riskified Ltd. will post -0.01 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RSKD. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Truist Financial dropped their price target on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.96.

Institutional Investors Weigh In On Riskified

Hedge funds have recently bought and sold shares of the business. Harvey Partners LLC increased its holdings in Riskified by 20.4% during the 3rd quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock worth $14,475,000 after purchasing an additional 523,855 shares during the last quarter. Clearline Capital LP boosted its stake 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 buying an additional 597,765 shares during the last quarter. TFJ Management LLC boosted its stake 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 buying an additional 335,399 shares during the last quarter. Globeflex Capital L P acquired a new stake in shares of Riskified during the fourth quarter worth approximately $736,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Riskified in the fourth quarter worth $1,019,000. Institutional investors and hedge funds 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.