Riskified (NYSE:RSKD) Director Sells $1,787,120.00 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 356,000 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $5.02, for a total value of $1,787,120.00. Following the completion of the sale, the director directly owned 3,131,977 shares of the company’s stock, valued at $15,722,524.54. This trade represents a 10.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Tuesday, June 30th, Erez Shachar sold 281,501 shares of Riskified stock. The shares were sold at an average price of $5.02, for a total transaction of $1,413,135.02.
• On Monday, June 29th, Erez Shachar sold 220,600 shares of Riskified stock. The shares were sold at an average price of $5.05, for a total transaction of $1,114,030.00.
• On Thursday, June 25th, Erez Shachar sold 124,085 shares of Riskified stock. The stock was sold at an average price of $4.96, for a total transaction of $615,461.60.
• On Wednesday, June 24th, Erez Shachar sold 168,300 shares of Riskified stock. The stock was sold at an average price of $4.89, for a total transaction of $822,987.00.
• 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 transaction 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 stock was sold at an average price of $4.93, for a total value 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 value 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 value of $1,294,222.05.
• On Thursday, June 11th, Erez Shachar sold 81,762 shares of Riskified stock. The stock was sold at an average price of $4.87, for a total value of $398,180.94.

Riskified Trading Down 0.3%

NYSE RSKD opened at $5.03 on Thursday. The stock has a fifty day simple moving average of $4.80 and a 200-day simple moving average of $4.59. The stock has a market cap of $744.45 million, a PE ratio of -45.68 and a beta of 1.38. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.68.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $88.27 million for the quarter, compared to analyst estimates of $87.72 million. Research analysts predict that Riskified Ltd. will post -0.01 EPS for the current year.

Institutional Trading of Riskified

Hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its stake in shares of Riskified by 1.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock valued at $1,502,000 after purchasing an additional 2,900 shares during the period. FNY Investment Advisers LLC increased its stake in Riskified by 24.8% during the 3rd quarter. FNY Investment Advisers LLC now owns 15,110 shares of the company’s stock worth $70,000 after buying an additional 3,000 shares during the period. ARK Investment Management LLC lifted its holdings in Riskified by 1.2% during the 3rd quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock worth $1,724,000 after buying an additional 4,248 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Riskified by 5.5% during the 2nd quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock worth $464,000 after buying an additional 4,826 shares in the last quarter. Finally, Swiss National Bank boosted its position in Riskified by 3.1% in the 4th quarter. Swiss National Bank now owns 167,513 shares of the company’s stock valued at $833,000 after buying an additional 5,000 shares during the period. Institutional investors and hedge funds own 58.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on RSKD shares. 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 dropped their target price on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.