Riskified (NYSE:RSKD) Director Erez Shachar Sells 44,677 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 44,677 shares of Riskified stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $4.81, for a total transaction of $214,896.37. Following the completion of the sale, the director owned 5,219,412 shares in the company, valued at approximately $25,105,371.72. This trade represents a 0.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Erez Shachar also recently made the following trade(s):

• On Friday, May 22nd, Erez Shachar sold 60,797 shares of Riskified stock. The shares were sold at an average price of $4.81, for a total transaction of $292,433.57.

Riskified Trading Up 0.6%

RSKD opened at $4.79 on Wednesday. The firm has a market capitalization of $709.64 million, a PE ratio of -43.55 and a beta of 1.39. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.68. The firm’s 50-day moving average price is $4.39 and its 200 day moving average price is $4.58.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $88.27 million for 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%.

Hedge Funds Weigh In On Riskified

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Riskified during the second quarter worth about $36,000. Man Group plc purchased a new position in Riskified during the fourth quarter worth about $50,000. Virtu Financial LLC purchased a new position in Riskified during the third quarter worth about $51,000. Invesco Ltd. purchased a new position in Riskified during the first quarter worth about $51,000. Finally, T3 Companies LLC purchased a new position in Riskified during the fourth quarter worth about $54,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Truist Financial lowered their price target on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Wall Street Zen upgraded shares of Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, March 15th. Three investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.96.

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.