Riskified (NYSE:RSKD) Director Sells $214,896.37 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 44,677 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $4.81, for a total value of $214,896.37. Following the completion of the transaction, the director directly owned 5,219,412 shares in the company, valued at approximately $25,105,371.72. The trade was a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 Stock Performance

Shares of NYSE RSKD traded up $0.03 during mid-day trading on Tuesday, hitting $4.79. The stock had a trading volume of 802,905 shares, compared to its average volume of 748,670. The company has a 50 day moving average of $4.38 and a two-hundred day moving average of $4.58. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.68. The firm has a market cap of $709.64 million, a PE ratio of -43.55 and a beta of 1.39.

Riskified (NYSE:RSKD) last released its earnings results 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. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%.The firm had revenue of $88.27 million for the quarter, compared to the consensus estimate of $87.72 million.

Institutional Investors Weigh In On Riskified

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harvey Partners LLC grew its position in 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 purchasing an additional 523,855 shares during the period. Clearline Capital LP grew its position in shares of Riskified by 23.8% during the 3rd quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after acquiring an additional 597,765 shares during the period. TFJ Management LLC grew its position 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 valued at $6,524,000 after acquiring an additional 335,399 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Riskified during the 4th quarter valued at about $1,019,000. Finally, Globeflex Capital L P acquired a new stake in shares of Riskified during the 4th quarter valued at about $736,000. 58.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RSKD. 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 report on Thursday, March 5th. Wall Street Zen raised Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, March 15th. 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.