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

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 2,562 shares of Riskified stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $4.90, for a total value of $12,553.80. Following the completion of the transaction, the director owned 4,671,968 shares in the company, valued at $22,892,643.20. The trade was a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 value of $216,006.70.
• On Wednesday, May 27th, Erez Shachar sold 400 shares of Riskified stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $4.81, for a total value of $214,896.37.

Riskified Trading Down 1.4%

RSKD stock traded down $0.07 during trading on Friday, reaching $4.75. 682,029 shares of the stock were exchanged, compared to its average volume of 773,174. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.68. The company has a market capitalization of $702.98 million, a P/E ratio of -43.14 and a beta of 1.40. The stock has a 50 day simple moving average of $4.48 and a 200-day simple moving average of $4.58.

Riskified (NYSE:RSKD) last released 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. 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 for the quarter, compared to the consensus estimate of $87.72 million. Equities analysts predict that Riskified Ltd. will post -0.01 EPS for the current year.

Institutional Investors Weigh In On Riskified

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

Wall Street Analyst Weigh In

RSKD has been the topic of a number of recent research reports. Truist Financial decreased their price objective on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock 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 research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.