Insider Selling: Riskified (NYSE:RSKD) Director Sells 75,204 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 75,204 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $4.92, for a total transaction of $370,003.68. Following the sale, the director directly owned 3,930,562 shares of the company’s stock, valued at approximately $19,338,365.04. This trade represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 stock was 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 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 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 stock was 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.
• On Wednesday, June 3rd, Erez Shachar sold 2,562 shares of Riskified stock. The shares were 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 shares were sold at an average price of $4.80, for a total value of $1,920.00.

Riskified Stock Performance

RSKD traded up $0.06 during midday trading on Tuesday, reaching $4.92. 1,485,812 shares of the company were exchanged, compared to its average volume of 804,724. The stock has a market capitalization of $728.90 million, a P/E ratio of -44.73 and a beta of 1.40. Riskified Ltd. has a one year low of $3.70 and a one year high of $5.68. The stock’s 50-day simple moving average is $4.70 and its 200 day simple moving average is $4.59.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. 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 on the stock in a research report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Riskified has a consensus rating of “Hold” and an average price target of $5.96.

Institutional Trading of Riskified

A number of institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Riskified during the second quarter worth about $36,000. Man Group plc acquired a new stake in Riskified in the 4th quarter valued at approximately $50,000. Virtu Financial LLC bought a new stake in Riskified in the 3rd quarter valued at approximately $51,000. Invesco Ltd. bought a new stake in Riskified in the 1st quarter valued at approximately $51,000. Finally, T3 Companies LLC acquired a new position in Riskified during the 4th quarter worth approximately $54,000. 58.98% of the stock is currently owned by institutional investors.

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.