Riskified (NYSE:RSKD) Director Erez Shachar Sells 81,762 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 81,762 shares of Riskified stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $4.87, for a total transaction of $398,180.94. Following the completion of the transaction, the director directly owned 4,696,049 shares in the company, valued at approximately $22,869,758.63. This represents a 1.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, June 10th, Erez Shachar sold 109,462 shares of Riskified stock. The shares were sold at an average price of $4.93, for a total transaction 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 transaction 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 transaction of $526,690.50.
• 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 transaction 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 transaction 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 transaction 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 transaction of $312,811.20.
• On Friday, May 22nd, Erez Shachar sold 60,797 shares of Riskified stock. The stock was sold at an average price of $4.81, for a total transaction of $292,433.57.
• On Thursday, May 21st, Erez Shachar sold 44,677 shares of Riskified stock. The stock was sold at an average price of $4.81, for a total transaction of $214,896.37.

Riskified Trading Up 0.1%

Shares of Riskified stock opened at $4.94 on Friday. The company’s fifty day simple moving average is $4.60 and its 200-day simple moving average is $4.59. The company has a market cap of $731.12 million, a price-to-earnings ratio of -44.86 and a beta of 1.40. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $5.68.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The business had revenue of $88.27 million for the quarter, compared to the consensus estimate of $87.72 million. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. As a group, research analysts forecast that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Riskified

Institutional investors and hedge funds have recently made changes to their positions in the company. Harvey Partners LLC boosted its stake in shares of 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 purchasing an additional 523,855 shares in the last quarter. Clearline Capital LP boosted its stake 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 valued at $14,536,000 after purchasing an additional 597,765 shares in the last quarter. TFJ Management LLC boosted its stake in shares of 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 purchasing an additional 335,399 shares in the last quarter. Globeflex Capital L P acquired a new stake in shares of Riskified in the 4th quarter valued at $736,000. Finally, Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Riskified in the 4th quarter valued at $1,019,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on RSKD. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Truist Financial decreased 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 issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.96.

About Riskified

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.