Erez Shachar Sells 44,677 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 44,677 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $4.81, for a total transaction of $214,896.37. Following the completion of the sale, the director directly owned 5,219,412 shares in the company, valued at approximately $25,105,371.72. This trade represents a 0.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 Stock Down 2.6%

RSKD stock opened at $4.63 on Thursday. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $5.68. The firm’s 50-day simple moving average is $4.40 and its 200 day simple moving average is $4.58. The stock has a market cap of $686.53 million, a PE ratio of -42.13 and a beta of 1.39.

Riskified (NYSE:RSKD) last released its quarterly earnings data 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 net margin of 5.17% and a negative return on equity of 3.91%. The business had revenue of $88.27 million for the quarter, compared to analysts’ expectations of $87.72 million.

Hedge Funds Weigh In On Riskified

Large investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of Riskified during the 2nd quarter valued at about $36,000. Man Group plc bought a new position in shares of Riskified during the 4th quarter valued at about $50,000. T3 Companies LLC bought a new position in shares of Riskified during the 4th quarter valued at about $54,000. Orion Porfolio Solutions LLC bought a new position in shares of Riskified during the 2nd quarter valued at about $54,000. Finally, Virtu Financial LLC bought a new position in shares of Riskified during the 3rd quarter valued at about $51,000. Institutional investors own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RSKD. Wall Street Zen upgraded shares of Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, March 15th. Truist Financial decreased their target price on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company 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 assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.