Riskified Ltd. (NYSE:RSKD – Get Free Report) Director Erez Shachar sold 281,501 shares of Riskified stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $5.02, for a total value of $1,413,135.02. Following the completion of the transaction, the director owned 2,629,876 shares of the company’s stock, valued at $13,201,977.52. The trade was a 9.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 29th, Erez Shachar sold 220,600 shares of Riskified stock. The stock was 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 stock was 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 stock was sold at an average price of $4.89, for a total transaction of $822,987.00.
- On Tuesday, June 23rd, Erez Shachar sold 150,200 shares of Riskified stock. The stock was 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 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 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 stock was sold at an average price of $4.87, for a total transaction of $398,180.94.
Riskified Trading Up 2.1%
Shares of RSKD stock opened at $5.12 on Friday. The company 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 Ltd. has a 12 month low of $3.70 and a 12 month high of $5.68.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on RSKD shares. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Truist Financial dropped 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. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Riskified presently has an average rating of “Hold” and a consensus target price of $5.96.
View Our Latest Analysis on RSKD
Hedge Funds Weigh In On Riskified
A number of hedge funds have recently modified their holdings of RSKD. Renaissance Technologies LLC increased its holdings in shares of Riskified by 1.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after acquiring an additional 22,100 shares during the period. Modern Wealth Management LLC acquired a new stake in Riskified during the 1st quarter worth $56,000. Sei Investments Co. grew its position in Riskified by 87.4% during the 1st quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock worth $1,396,000 after purchasing an additional 166,099 shares during the last quarter. State of Wyoming grew its position in Riskified by 16.4% during the 1st quarter. State of Wyoming now owns 107,785 shares of the company’s stock worth $423,000 after purchasing an additional 15,195 shares during the last quarter. Finally, R Squared Ltd increased its stake in Riskified by 57.8% in the first quarter. R Squared Ltd now owns 19,813 shares of the company’s stock valued at $78,000 after purchasing an additional 7,257 shares during the period. 58.98% of the stock is currently owned by hedge funds and other institutional investors.
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.
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