Riskified (NYSE:RSKD) Director Erez Shachar Sells 108,150 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 108,150 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $4.87, for a total transaction of $526,690.50. Following the completion of the sale, the director owned 4,519,735 shares of the company’s stock, valued at $22,011,109.45. The trade was a 2.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, June 9th, Erez Shachar sold 132,462 shares of Riskified stock. The shares were sold at an average price of $4.91, for a total transaction of $650,388.42.
• 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $4.81, for a total transaction of $214,896.37.

Riskified Stock Down 1.8%

Shares of RSKD stock opened at $4.87 on Thursday. The company’s fifty day simple moving average is $4.56 and its 200-day simple moving average is $4.59. The firm has a market cap of $721.49 million, a PE ratio of -44.27 and a beta of 1.40. Riskified Ltd. has a 12 month low of $3.70 and a 12 month high of $5.68.

Riskified (NYSE:RSKD) last issued its earnings results 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. The business had revenue of $88.27 million for the quarter, compared to the consensus estimate of $87.72 million. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. On average, equities analysts predict that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Riskified

Large investors have recently bought and sold shares of the stock. Harvey Partners LLC increased its position in shares of Riskified by 20.4% during the 3rd quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after purchasing an additional 523,855 shares during the last quarter. Clearline Capital LP increased its position in shares of Riskified by 23.8% during the 3rd quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after purchasing an additional 597,765 shares during the last quarter. TFJ Management LLC increased its position in shares of Riskified by 31.7% during the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock valued at $6,524,000 after purchasing an additional 335,399 shares during the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Riskified during the 4th quarter valued at $1,019,000. Finally, Globeflex Capital L P purchased a new stake in shares of Riskified during the 4th quarter valued at $736,000. 58.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RSKD has been the subject of several recent analyst reports. Truist Financial cut their price objective 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. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. 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. Based on data from MarketBeat, Riskified currently has a consensus rating of “Hold” and a consensus price target of $5.96.

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.