Erez Shachar Sells 64,349 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 64,349 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $5.18, for a total transaction of $333,327.82. Following the sale, the director owned 1,561,421 shares of the company’s stock, valued at approximately $8,088,160.78. The trade was a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 Thursday, July 9th, Erez Shachar sold 64,800 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total transaction of $338,256.00.
• On Tuesday, July 7th, Erez Shachar sold 148,221 shares of Riskified stock. The stock was sold at an average price of $5.27, for a total value of $781,124.67.
• On Monday, July 6th, Erez Shachar sold 154,436 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total value of $806,155.92.
• On Thursday, July 2nd, Erez Shachar sold 265,549 shares of Riskified stock. The shares were sold at an average price of $5.08, for a total value of $1,348,988.92.
• On Wednesday, July 1st, Erez Shachar sold 435,900 shares of Riskified stock. The stock was sold at an average price of $5.02, for a total value of $2,188,218.00.
• 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 Monday, June 29th, Erez Shachar sold 220,600 shares of Riskified stock. The shares were sold at an average price of $5.05, for a total transaction of $1,114,030.00.
• On Friday, June 26th, Erez Shachar sold 356,000 shares of Riskified stock. The shares were sold at an average price of $5.02, for a total transaction 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 transaction 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.

Riskified Stock Down 2.0%

NYSE:RSKD traded down $0.10 during trading hours on Friday, reaching $5.16. 328,195 shares of the stock were exchanged, compared to its average volume of 1,112,392. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.68. The business has a 50-day moving average of $4.89 and a two-hundred day moving average of $4.61. The company has a market capitalization of $763.71 million, a price-to-earnings ratio of -46.86 and a beta of 1.38.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $87.72 million. On average, research analysts forecast that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Riskified

Several large investors have recently bought and sold shares of the stock. Invesco Ltd. purchased a new position in shares of Riskified in the 1st quarter valued at about $51,000. Russell Investments Group Ltd. lifted its stake in Riskified by 178.2% in the second quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock worth $1,125,000 after acquiring an additional 144,431 shares during the last quarter. Marshall Wace LLP purchased a new position in Riskified in the second quarter worth approximately $1,453,000. Qube Research & Technologies Ltd grew its holdings in Riskified by 7.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock worth $1,355,000 after acquiring an additional 18,690 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Riskified during the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.