Erez Shachar Sells 132,462 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 132,462 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $4.91, for a total transaction of $650,388.42. Following the transaction, the director owned 4,387,273 shares of the company’s stock, valued at $21,541,510.43. This represents a 2.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, June 8th, Erez Shachar sold 108,150 shares of Riskified stock. The stock was sold at an average price of $4.87, for a total transaction of $526,690.50.
• 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 transaction of $216,006.70.
• 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 1.8%

Shares of Riskified stock traded down $0.09 on Wednesday, reaching $4.87. The stock had a trading volume of 1,125,405 shares, compared to its average volume of 783,042. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $5.68. The company has a market cap of $721.49 million, a P/E ratio of -44.27 and a beta of 1.40. The business’s 50 day moving average is $4.54 and its two-hundred day moving average is $4.59.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. The firm had revenue of $88.27 million for the quarter, compared to the consensus estimate of $87.72 million. On average, equities analysts anticipate that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Riskified

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harvey Partners LLC lifted its position in 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 period. Clearline Capital LP raised its position in Riskified by 23.8% in the 3rd quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock worth $14,536,000 after buying an additional 597,765 shares during the last quarter. TFJ Management LLC raised its position in Riskified by 31.7% in the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after buying an additional 335,399 shares during the last quarter. Globeflex Capital L P purchased a new stake in shares of Riskified during the 4th quarter valued at about $736,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Riskified during the 4th quarter valued at about $1,019,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RSKD. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. 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 report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.96.

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.