Riskified (NYSE:RSKD) Director Erez Shachar Sells 44,083 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 44,083 shares of Riskified stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $4.90, for a total value of $216,006.70. Following the transaction, the director directly owned 4,627,885 shares of the company’s stock, valued at $22,676,636.50. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, June 3rd, Erez Shachar sold 2,562 shares of Riskified stock. The stock was 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 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 transaction of $312,811.20.
• On Friday, May 22nd, Erez Shachar sold 60,797 shares of Riskified stock. The shares were 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 stock was sold at an average price of $4.81, for a total value of $214,896.37.

Riskified Price Performance

NYSE:RSKD traded down $0.07 during mid-day trading on Friday, reaching $4.75. The company’s stock had a trading volume of 681,929 shares, compared to its average volume of 773,174. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.68. The company’s fifty day simple moving average is $4.48 and its two-hundred day simple moving average is $4.58. The stock has a market cap of $702.98 million, a P/E ratio of -43.14 and a beta of 1.40.

Riskified (NYSE:RSKD) last released its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 business had revenue of $88.27 million for the quarter, compared to analysts’ expectations of $87.72 million. Sell-side analysts expect that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Truist Financial dropped their price objective on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Riskified has an average rating of “Hold” and an average price target of $5.96.

Institutional Trading of Riskified

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Riskified in the second quarter valued at about $36,000. Man Group plc acquired a new stake in shares of Riskified in the fourth quarter valued at about $50,000. T3 Companies LLC purchased a new stake in shares of Riskified during the 4th quarter valued at about $54,000. Orion Porfolio Solutions LLC acquired a new position in Riskified during the 2nd quarter worth approximately $54,000. Finally, Virtu Financial LLC purchased a new position in Riskified in the 3rd quarter worth approximately $51,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

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.