Erez Shachar Sells 101,600 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 101,600 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $4.93, for a total value of $500,888.00. Following the sale, the director directly owned 4,005,766 shares in the company, valued at approximately $19,748,426.38. The trade was a 2.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value of $370,003.68.
• 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 value 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 stock was 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 shares were 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 shares were 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 value of $216,006.70.
• On Wednesday, June 3rd, Erez Shachar sold 2,562 shares of Riskified stock. The stock was sold at an average price of $4.90, for a total value of $12,553.80.
• On Wednesday, May 27th, Erez Shachar sold 400 shares of Riskified stock. The stock was sold at an average price of $4.80, for a total transaction of $1,920.00.

Riskified Trading Down 1.1%

Shares of Riskified stock opened at $4.87 on Thursday. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $5.68. The stock has a market cap of $720.75 million, a PE ratio of -44.23 and a beta of 1.40. The company’s 50-day moving average price is $4.74 and its two-hundred day moving average price is $4.59.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The company 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%. On average, equities analysts predict that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Institutional Trading of Riskified

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Harvey Partners LLC boosted its holdings 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 buying an additional 523,855 shares during the period. Clearline Capital LP raised its holdings in shares of Riskified by 23.8% during the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after acquiring an additional 597,765 shares during the period. TFJ Management LLC raised its holdings in shares of Riskified by 31.7% during the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock valued at $6,524,000 after acquiring an additional 335,399 shares during the period. Globeflex Capital L P purchased a new stake in shares of Riskified in the 4th quarter valued at approximately $736,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Riskified in the 4th quarter valued at approximately $1,019,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

RSKD has been the topic of several recent research reports. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Truist Financial cut their price objective on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Riskified has a consensus rating of “Hold” and an average price target 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.