Riskified (NYSE:RSKD) Director Erez Shachar Sells 96,100 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 96,100 shares of Riskified stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $4.94, for a total value of $474,734.00. Following the transaction, the director directly owned 4,107,366 shares in the company, valued at approximately $20,290,388.04. This trade represents a 2.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction 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 transaction of $539,647.66.
• On Tuesday, June 9th, Erez Shachar sold 132,462 shares of Riskified stock. The stock was 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 stock was 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 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.

Riskified Price Performance

Shares of NYSE RSKD opened at $4.94 on Friday. Riskified Ltd. has a one year low of $3.70 and a one year high of $5.68. The business’s 50-day moving average price is $4.67 and its two-hundred day moving average price is $4.59. The company has a market capitalization of $731.42 million, a P/E ratio of -44.88 and a beta of 1.40.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $88.27 million during the quarter, compared to the consensus estimate of $87.72 million. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%. On average, equities analysts anticipate that Riskified Ltd. will post -0.01 EPS for the current year.

Institutional Investors Weigh In On Riskified

Several institutional investors and hedge funds have recently added to or reduced their stakes in RSKD. Millennium Management LLC grew its holdings in Riskified by 335.3% during the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock valued at $3,953,000 after purchasing an additional 612,719 shares during the last quarter. Clearline Capital LP lifted its stake in shares of Riskified by 23.8% in the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock worth $14,536,000 after buying an additional 597,765 shares during the last quarter. Harvey Partners LLC boosted its holdings in shares of Riskified by 20.4% during the 3rd 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. Anson Funds Management LP boosted its holdings in shares of Riskified by 136.0% during the 4th quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock worth $3,150,000 after buying an additional 365,254 shares during the period. Finally, TFJ Management LLC boosted its holdings in shares of Riskified by 31.7% during the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after buying an additional 335,399 shares during the period. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RSKD has been the topic of a number of recent research reports. Truist Financial cut their price target on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Three equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.