Riskified (NYSE:RSKD) Director Erez Shachar Sells 2,562 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 2,562 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $4.90, for a total value of $12,553.80. Following the transaction, the director owned 4,671,968 shares in the company, valued at $22,892,643.20. This trade represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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, 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 1.4%

Shares of NYSE RSKD opened at $4.75 on Friday. The stock has a market cap of $702.97 million, a P/E ratio of -43.14 and a beta of 1.40. Riskified Ltd. has a 12-month low of $3.70 and a 12-month high of $5.68. The business’s fifty day simple moving average is $4.50 and its 200-day simple moving average is $4.58.

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, 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, equities analysts forecast that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Institutional Trading of Riskified

A number of institutional investors have recently bought and sold shares of RSKD. Millennium Management LLC increased its position in shares of Riskified by 335.3% during the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock worth $3,953,000 after purchasing an additional 612,719 shares in the last quarter. Clearline Capital LP increased its position in shares of Riskified by 23.8% during the third 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 increased its position in shares of Riskified by 20.4% during the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock worth $14,475,000 after purchasing an additional 523,855 shares in the last quarter. Anson Funds Management LP increased its position in shares of Riskified by 136.0% during the fourth quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock worth $3,150,000 after purchasing an additional 365,254 shares in the last quarter. Finally, TFJ Management LLC increased its position in shares of Riskified by 31.7% during the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after purchasing an additional 335,399 shares in the last quarter. 58.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RSKD. Truist Financial decreased their price target on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Wall Street Zen raised 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.