Riskified (NYSE:RSKD) Director Erez Shachar Sells 24,328 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 24,328 shares of Riskified stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $5.22, for a total value of $126,992.16. Following the completion of the transaction, the director owned 1,472,293 shares of the company’s stock, valued at approximately $7,685,369.46. This trade represents a 1.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, July 13th, Erez Shachar sold 82,103 shares of Riskified stock. The shares were sold at an average price of $5.21, for a total value of $427,756.63.
• On Thursday, July 9th, Erez Shachar sold 64,800 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total value of $338,256.00.
• On Wednesday, July 8th, Erez Shachar sold 64,349 shares of Riskified stock. The stock was sold at an average price of $5.18, for a total transaction of $333,327.82.
• On Tuesday, July 7th, Erez Shachar sold 148,221 shares of Riskified stock. The shares were sold at an average price of $5.27, for a total transaction of $781,124.67.
• On Monday, July 6th, Erez Shachar sold 154,436 shares of Riskified stock. The shares were sold at an average price of $5.22, for a total transaction of $806,155.92.
• On Thursday, July 2nd, Erez Shachar sold 265,549 shares of Riskified stock. The shares were sold at an average price of $5.08, for a total transaction of $1,348,988.92.
• On Wednesday, July 1st, Erez Shachar sold 435,900 shares of Riskified stock. The stock was sold at an average price of $5.02, for a total transaction of $2,188,218.00.
• On Tuesday, June 30th, Erez Shachar sold 281,501 shares of Riskified stock. The stock was 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 stock was sold at an average price of $5.05, for a total transaction of $1,114,030.00.
• On Friday, June 26th, Erez Shachar sold 356,000 shares of Riskified stock. The shares were sold at an average price of $5.02, for a total transaction of $1,787,120.00.

Riskified Price Performance

Riskified stock opened at $5.18 on Wednesday. The firm has a market capitalization of $767.12 million, a P/E ratio of -47.07 and a beta of 1.38. Riskified Ltd. has a 1-year low of $3.70 and a 1-year high of $5.68. The company’s 50-day moving average is $4.91 and its 200 day moving average is $4.61.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating 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 company had revenue of $88.27 million during the quarter, compared to analysts’ expectations of $87.72 million. Research analysts anticipate that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on RSKD shares. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Keefe, Bruyette & Woods boosted their price objective on shares of Riskified from $5.25 to $5.50 and gave the company a “market perform” rating in a research report on Monday. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Harvey Partners LLC boosted its stake in shares of Riskified by 20.4% during the third 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 in the last quarter. Nuveen LLC lifted its holdings in Riskified by 3.3% during the fourth quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after buying an additional 47,464 shares during the period. Monimus Capital Management LP lifted its holdings in Riskified by 13.2% during the fourth quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock worth $6,982,000 after buying an additional 164,302 shares during the period. Renaissance Technologies LLC lifted its holdings in Riskified by 1.7% during the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock worth $5,327,000 after buying an additional 22,100 shares during the period. Finally, State Street Corp boosted its position in Riskified by 11.9% during the 4th quarter. State Street Corp now owns 866,456 shares of the company’s stock valued at $4,306,000 after acquiring an additional 92,019 shares in the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.

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.