Erez Shachar Sells 168,300 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 168,300 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $4.89, for a total value of $822,987.00. Following the sale, the director owned 3,612,062 shares in the company, valued at $17,662,983.18. The trade was a 4.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 shares were sold at an average price of $4.93, for a total transaction 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 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 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 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 stock was sold at an average price of $4.90, for a total transaction of $216,006.70.

Riskified Price Performance

Shares of Riskified stock opened at $5.05 on Friday. The stock has a market cap of $748.91 million, a P/E ratio of -45.95 and a beta of 1.40. The stock’s 50 day simple moving average is $4.77 and its 200-day simple moving average is $4.59. Riskified Ltd. has a 1-year low of $3.70 and a 1-year high of $5.68.

Riskified (NYSE:RSKD) last announced its quarterly earnings data 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 analyst estimates of $87.72 million. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. As a group, research analysts expect that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RSKD. Millennium Management LLC lifted its position in Riskified by 335.3% during the 4th quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock worth $3,953,000 after acquiring an additional 612,719 shares in the last quarter. Clearline Capital LP lifted its stake in shares of Riskified by 23.8% in the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock worth $14,536,000 after acquiring an additional 597,765 shares in the last quarter. Harvey Partners LLC lifted its stake in shares of Riskified by 20.4% in the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock worth $14,475,000 after acquiring an additional 523,855 shares in the last quarter. Anson Funds Management LP lifted its stake in shares of Riskified by 136.0% in the fourth quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock worth $3,150,000 after acquiring an additional 365,254 shares in the last quarter. Finally, TFJ Management LLC boosted its holdings in Riskified by 31.7% in the third 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 during the last quarter. 58.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RSKD has been the topic of several research analyst reports. Truist Financial cut 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. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. 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. According to data from MarketBeat, Riskified presently has a consensus 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.