Insider Selling: Riskified (NYSE:RSKD) Director Sells $216,006.70 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 44,083 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $4.90, for a total transaction of $216,006.70. Following the sale, the director owned 4,627,885 shares of the company’s stock, valued at approximately $22,676,636.50. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, June 3rd, Erez Shachar sold 2,562 shares of Riskified stock. The stock was sold at an average price of $4.90, for a total transaction of $12,553.80.
• 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 transaction 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 transaction 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 transaction 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 transaction of $214,896.37.

Riskified Trading Down 0.1%

NYSE:RSKD opened at $4.75 on Monday. The stock has a market capitalization of $702.97 million, a price-to-earnings ratio of -43.14 and a beta of 1.40. The firm has a fifty day simple moving average of $4.50 and a two-hundred day simple moving average of $4.58. Riskified Ltd. has a 12 month low of $3.70 and a 12 month high of $5.68.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.05 EPS 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 analysts’ expectations of $87.72 million. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. Equities analysts predict that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RSKD has been the subject of a number of research reports. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Truist Financial reduced their price target on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.96.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RSKD. Millennium Management LLC grew its holdings in shares of Riskified by 335.3% during the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock valued at $3,953,000 after buying an additional 612,719 shares during the last quarter. Clearline Capital LP grew its holdings 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 valued at $14,536,000 after buying an additional 597,765 shares during the last quarter. Harvey Partners LLC grew its holdings 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 valued at $14,475,000 after buying an additional 523,855 shares during the last quarter. Anson Funds Management LP grew its holdings 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 valued at $3,150,000 after buying an additional 365,254 shares during the last quarter. Finally, TFJ Management LLC grew its holdings 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 valued at $6,524,000 after buying an additional 335,399 shares during the last quarter. 58.98% of the stock is currently owned by institutional investors and hedge funds.

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.