Erez Shachar Sells 220,600 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKDGet Free Report) Director Erez Shachar sold 220,600 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $5.05, for a total value of $1,114,030.00. Following the completion of the sale, the director directly owned 2,911,377 shares of the company’s stock, valued at approximately $14,702,453.85. This trade represents a 7.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 30th, Erez Shachar sold 281,501 shares of Riskified stock. The stock was sold at an average price of $5.02, for a total value of $1,413,135.02.
  • On Friday, June 26th, Erez Shachar sold 356,000 shares of Riskified stock. The stock was sold at an average price of $5.02, for a total value of $1,787,120.00.
  • On Thursday, June 25th, Erez Shachar sold 124,085 shares of Riskified stock. The shares were sold at an average price of $4.96, for a total value of $615,461.60.
  • 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 value of $822,987.00.
  • 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 value of $740,486.00.
  • On Monday, June 22nd, Erez Shachar sold 75,204 shares of Riskified stock. The stock was 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 shares were 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 transaction 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 transaction of $398,180.94.

Riskified Price Performance

Shares of NYSE:RSKD opened at $5.12 on Friday. 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 $759.28 million, a P/E ratio of -46.59 and a beta of 1.38. The firm has a fifty day moving average price of $4.81 and a 200 day moving average price of $4.59.

Riskified (NYSE:RSKDGet Free Report) last posted its quarterly earnings data 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 net margin of 5.17% and a negative return on equity of 3.91%. The company had revenue of $88.27 million for the quarter, compared to analyst estimates of $87.72 million. Sell-side analysts expect that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on RSKD. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Truist Financial lowered their target price on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Three 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.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.96.

Check Out Our Latest Analysis on Riskified

Institutional Trading of Riskified

Several hedge funds have recently made changes to their positions in the company. Invesco Ltd. purchased a new stake in shares of Riskified in the first quarter valued at about $51,000. Russell Investments Group Ltd. raised its holdings in Riskified by 178.2% during the second quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock worth $1,125,000 after purchasing an additional 144,431 shares in the last quarter. Marshall Wace LLP purchased a new position in Riskified during the second quarter worth about $1,453,000. Qube Research & Technologies Ltd lifted its position in Riskified by 7.4% in the second quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock valued at $1,355,000 after purchasing an additional 18,690 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Riskified in the second quarter valued at about $36,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Riskified (NYSE:RSKD)

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