Insider Selling: Riskified (NYSE:RSKD) Director Sells $822,987.00 in Stock

Riskified Ltd. (NYSE:RSKDGet Free Report) Director Erez Shachar sold 168,300 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $4.89, for a total transaction of $822,987.00. Following the transaction, the director owned 3,612,062 shares of the company’s stock, valued at approximately $17,662,983.18. The trade was a 4.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 Tuesday, June 23rd, Erez Shachar sold 150,200 shares of Riskified stock. The stock was sold at an average price of $4.93, for a total transaction of $740,486.00.
  • On Monday, June 22nd, Erez Shachar sold 75,204 shares of Riskified stock. The stock was sold at an average price of $4.92, for a total transaction of $370,003.68.
  • On Thursday, June 18th, Erez Shachar sold 101,600 shares of Riskified stock. The stock was sold at an average price of $4.93, for a total transaction 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 transaction of $474,734.00.
  • 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 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 value 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 value 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 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.

Riskified Price Performance

Shares of Riskified stock opened at $5.05 on Friday. The stock’s 50-day moving average is $4.77 and its 200 day moving average is $4.59. Riskified Ltd. has a one year low of $3.70 and a one year high of $5.68. The firm has a market cap of $748.90 million, a price-to-earnings ratio of -45.95 and a beta of 1.40.

Riskified (NYSE:RSKDGet Free Report) last issued its 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 business 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, sell-side analysts expect that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Riskified

Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Riskified in the 2nd quarter worth $36,000. Man Group plc acquired a new stake in Riskified in the 4th quarter valued at $50,000. Virtu Financial LLC bought a new stake in Riskified during the 3rd quarter valued at $51,000. Invesco Ltd. acquired a new position in Riskified during the first quarter worth $51,000. Finally, T3 Companies LLC acquired a new position in Riskified during the fourth quarter worth $54,000. Institutional investors own 58.98% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Truist Financial cut their target price on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note 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 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.96.

View Our Latest Research Report on RSKD

Riskified Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Riskified (NYSE:RSKD)

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