Insider Selling: Riskified (NYSE:RSKD) Director Sells 108,150 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 108,150 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $4.87, for a total value of $526,690.50. Following the completion of the sale, the director directly owned 4,519,735 shares in the company, valued at $22,011,109.45. The trade was a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 Thursday, June 4th, Erez Shachar sold 44,083 shares of Riskified stock. The shares were 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 shares were 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 shares were 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 shares were 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 Trading Down 1.8%

Riskified stock traded down $0.09 during trading hours on Wednesday, hitting $4.87. 1,125,405 shares of the stock traded hands, compared to its average volume of 783,042. The firm’s 50-day moving average price is $4.54 and its two-hundred day moving average price is $4.59. The company has a market cap of $721.49 million, a PE ratio of -44.27 and a beta of 1.40. Riskified Ltd. has a one year low of $3.70 and a one year high of $5.68.

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 business had revenue of $88.27 million for the quarter, compared to analysts’ expectations of $87.72 million. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%. On average, sell-side analysts expect that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on RSKD shares. Truist Financial dropped their price target on 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 raised Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Three equities research 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.96.

Institutional Trading of Riskified

A number of hedge funds have recently made changes to their positions in the stock. Clearline Capital LP boosted its position in shares of Riskified by 23.8% in the 3rd quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock worth $14,536,000 after purchasing an additional 597,765 shares in the last quarter. Harvey Partners LLC lifted its position in Riskified by 20.4% in the 3rd quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after acquiring an additional 523,855 shares in the last quarter. Nuveen LLC lifted its position in Riskified by 3.3% in the 4th quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock valued at $7,336,000 after acquiring an additional 47,464 shares in the last quarter. Monimus Capital Management LP lifted its position in Riskified by 13.2% in the 4th quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock valued at $6,982,000 after acquiring an additional 164,302 shares in the last quarter. Finally, TFJ Management LLC lifted its position in Riskified by 31.7% in the 3rd 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 in the last quarter. 58.98% of the stock is owned by 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.