Erez Shachar Sells 44,083 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 44,083 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $4.90, for a total value of $216,006.70. Following the completion of the transaction, the director owned 4,627,885 shares in the company, valued at $22,676,636.50. The trade was a 0.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• 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 value of $1,920.00.
• On Tuesday, May 26th, Erez Shachar sold 65,169 shares of Riskified stock. The stock was sold at an average price of $4.80, for a total value of $312,811.20.
• 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 value of $292,433.57.
• On Thursday, May 21st, Erez Shachar sold 44,677 shares of Riskified stock. The shares were sold at an average price of $4.81, for a total value of $214,896.37.

Riskified Stock Down 1.4%

Riskified stock opened at $4.75 on Friday. Riskified Ltd. has a 12-month low of $3.70 and a 12-month high of $5.68. The business’s 50-day moving average price is $4.50 and its two-hundred day moving average price is $4.58. The stock has a market cap of $702.97 million, a PE ratio of -43.14 and a beta of 1.40.

Riskified (NYSE:RSKD) last released its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $87.72 million. As a group, analysts expect that Riskified Ltd. will post -0.01 earnings per share for the current year.

Institutional Trading of Riskified

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Riskified during the second quarter valued at about $36,000. Man Group plc acquired a new stake in shares of Riskified during the fourth quarter valued at about $50,000. Virtu Financial LLC acquired a new stake in shares of Riskified during the third quarter valued at about $51,000. Invesco Ltd. acquired a new stake in shares of Riskified during the first quarter valued at about $51,000. Finally, T3 Companies LLC acquired a new stake in shares of Riskified during the fourth quarter valued at about $54,000. 58.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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