Riskified (NYSE:RSKD) Director Erez Shachar Sells 96,100 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 96,100 shares of Riskified stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $4.94, for a total transaction of $474,734.00. Following the sale, the director owned 4,107,366 shares in the company, valued at $20,290,388.04. This represents a 2.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 16th, Erez Shachar sold 261,459 shares of Riskified stock. The shares were sold at an average price of $4.95, for a total value of $1,294,222.05.
• On Thursday, June 11th, Erez Shachar sold 81,762 shares of Riskified stock. The shares were 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 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 stock was sold at an average price of $4.91, for a total transaction 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 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 value 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 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 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.

Riskified Trading Up 0.5%

NYSE:RSKD traded up $0.03 on Thursday, hitting $4.94. The company’s stock had a trading volume of 1,188,921 shares, compared to its average volume of 796,605. The stock has a fifty day moving average of $4.65 and a two-hundred day moving average of $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 capitalization of $731.42 million, a P/E ratio of -44.88 and a beta of 1.40.

Riskified (NYSE:RSKD) last posted its earnings results on Thursday, May 14th. The company reported $0.05 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 company had revenue of $88.27 million for the quarter, compared to the consensus estimate of $87.72 million. As a group, sell-side analysts anticipate that Riskified Ltd. will post -0.01 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on RSKD. 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 objective on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.96.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RSKD. Invesco Ltd. bought a new stake in Riskified during the 1st quarter valued at $51,000. Russell Investments Group Ltd. lifted its holdings in Riskified by 178.2% in the second quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock worth $1,125,000 after buying an additional 144,431 shares during the period. Marshall Wace LLP bought a new stake in shares of Riskified during the second quarter valued at approximately $1,453,000. Qube Research & Technologies Ltd boosted its holdings in shares of Riskified by 7.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock valued at $1,355,000 after buying an additional 18,690 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Riskified in the second quarter worth about $36,000. 58.98% of the stock is owned by institutional investors.

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.