Riskified (NYSE:RSKD) Director Sells $370,003.68 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 75,204 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $4.92, for a total value of $370,003.68. Following the completion of the transaction, the director directly owned 3,930,562 shares in the company, valued at approximately $19,338,365.04. This represents a 1.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value of $822,987.00.
• On Tuesday, June 23rd, Erez Shachar sold 150,200 shares of Riskified stock. The shares were sold at an average price of $4.93, for a total value of $740,486.00.
• 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 value 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 value 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.
• 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 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 stock was 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 stock was sold at an average price of $4.90, for a total transaction of $216,006.70.

Riskified Trading Up 0.7%

Shares of RSKD stock opened at $4.91 on Friday. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $5.68. The firm’s 50 day moving average is $4.75 and its 200-day moving average is $4.59. The firm has a market capitalization of $728.01 million, a price-to-earnings ratio of -44.67 and a beta of 1.40.

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

Wall Street Analysts Forecast Growth

RSKD has been the subject of several research reports. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Truist Financial cut their price target on 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 given a Sell rating to the stock. According to data from MarketBeat, Riskified currently has a consensus rating of “Hold” and an average target price of $5.96.

Institutional Investors Weigh In On Riskified

Several institutional investors have recently modified their holdings of RSKD. Invesco Ltd. bought a new stake in shares of Riskified during the first quarter worth approximately $51,000. Russell Investments Group Ltd. boosted its stake in Riskified by 178.2% in the second quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock valued at $1,125,000 after acquiring an additional 144,431 shares during the last quarter. Marshall Wace LLP bought a new position in Riskified in the second quarter valued at approximately $1,453,000. Qube Research & Technologies Ltd grew its holdings in Riskified by 7.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock worth $1,355,000 after acquiring an additional 18,690 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Riskified during the 2nd quarter worth $36,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

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.