Insider Selling: Riskified (NYSE:RSKD) Director Sells $214,896.37 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 44,677 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $4.81, for a total value of $214,896.37. Following the sale, the director directly owned 5,219,412 shares of the company’s stock, valued at $25,105,371.72. This represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, May 27th, Erez Shachar sold 400 shares of Riskified stock. The stock was sold at an average price of $4.80, for a total value 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 value 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 value of $292,433.57.

Riskified Trading Up 2.9%

Riskified stock opened at $4.78 on Friday. The firm has a market capitalization of $707.42 million, a P/E ratio of -43.41 and a beta of 1.39. The business has a 50-day moving average of $4.41 and a 200-day moving average of $4.58. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $5.68.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, beating 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%.

Hedge Funds Weigh In On Riskified

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Riskified in the 2nd quarter valued at approximately $36,000. Man Group plc acquired a new position in shares of Riskified in the 4th quarter valued at approximately $50,000. Virtu Financial LLC acquired a new position in shares of Riskified in the 3rd quarter valued at approximately $51,000. Invesco Ltd. acquired a new position in shares of Riskified in the 1st quarter valued at approximately $51,000. Finally, T3 Companies LLC acquired a new position in shares of Riskified in the 4th quarter valued at approximately $54,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on RSKD shares. 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 cut their price target on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.