Riskified (NYSE:RSKD) Director Sells $822,987.00 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 168,300 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $4.89, for a total value of $822,987.00. Following the completion of the sale, the director owned 3,612,062 shares in the company, valued at $17,662,983.18. This trade represents a 4.45% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 23rd, Erez Shachar sold 150,200 shares of Riskified stock. The shares were sold at an average price of $4.93, for a total value of $740,486.00.
• On Monday, June 22nd, Erez Shachar sold 75,204 shares of Riskified stock. The shares were sold at an average price of $4.92, for a total value of $370,003.68.
• On Thursday, June 18th, Erez Shachar sold 101,600 shares of Riskified stock. The shares were 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 stock was 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 transaction 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 transaction of $539,647.66.
• 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 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.

Riskified Price Performance

Shares of NYSE:RSKD traded up $0.03 during trading on Thursday, reaching $4.91. The stock had a trading volume of 1,430,187 shares, compared to its average volume of 815,917. The stock has a market capitalization of $728.01 million, a PE ratio of -44.67 and a beta of 1.40. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $5.68. The business’s 50-day moving average price is $4.74 and its 200 day moving average price is $4.59.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $88.27 million for the quarter, compared to analyst estimates of $87.72 million. Analysts forecast that Riskified Ltd. will post -0.01 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RSKD. Truist Financial decreased their target price on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Three research 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 data from MarketBeat, Riskified presently has a consensus rating of “Hold” and a consensus price target of $5.96.

Institutional Trading of Riskified

A number of hedge funds and other institutional investors have recently modified their holdings of RSKD. Harvey Partners LLC lifted its holdings in Riskified by 20.4% during the 3rd quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock worth $14,475,000 after buying an additional 523,855 shares in the last quarter. Clearline Capital LP boosted 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 valued at $14,536,000 after buying an additional 597,765 shares during the last quarter. TFJ Management LLC increased its stake in shares of Riskified by 31.7% in the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock valued at $6,524,000 after buying an additional 335,399 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Riskified in the 4th quarter valued at $1,019,000. Finally, Globeflex Capital L P bought a new stake in shares of Riskified during the fourth quarter worth $736,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

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.