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

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

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 value 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 value 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 value 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 value 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 value 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 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 Price Performance

Shares of NYSE:RSKD opened at $4.94 on Friday. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $5.68. The business has a 50 day simple moving average of $4.60 and a two-hundred day simple moving average of $4.59. The firm has a market capitalization of $731.12 million, a PE ratio of -44.86 and a beta of 1.40.

Riskified (NYSE:RSKD) last announced 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 business had revenue of $88.27 million during the quarter, compared to analyst estimates of $87.72 million. Equities research analysts expect that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on RSKD. Truist Financial lowered 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 upgraded Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $5.96.

Hedge Funds Weigh In On Riskified

A number of large investors have recently made changes to their positions in RSKD. Raymond James Financial Inc. purchased a new stake in shares of Riskified during the second quarter valued at $36,000. Man Group plc purchased a new stake in shares of Riskified during the fourth quarter valued at $50,000. Virtu Financial LLC purchased a new stake in shares of Riskified during the third quarter valued at $51,000. Invesco Ltd. purchased a new stake in shares of Riskified during the first quarter valued at $51,000. Finally, T3 Companies LLC purchased a new stake in shares of Riskified during the fourth quarter valued at $54,000. 58.98% of the stock is owned by institutional investors and hedge funds.

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.