Riskified (NYSE:RSKD) Director Erez Shachar Sells 132,462 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 132,462 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $4.91, for a total value of $650,388.42. Following the transaction, the director owned 4,387,273 shares of the company’s stock, valued at approximately $21,541,510.43. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, June 8th, Erez Shachar sold 108,150 shares of Riskified stock. The shares were sold at an average price of $4.87, for a total value of $526,690.50.
• On Thursday, June 4th, Erez Shachar sold 44,083 shares of Riskified stock. The shares were sold at an average price of $4.90, for a total value of $216,006.70.
• 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 value 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 stock was 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 shares were sold at an average price of $4.81, for a total value of $292,433.57.
• On Thursday, May 21st, Erez Shachar sold 44,677 shares of Riskified stock. The shares were sold at an average price of $4.81, for a total value of $214,896.37.

Riskified Price Performance

Shares of NYSE RSKD traded down $0.09 during midday trading on Wednesday, reaching $4.87. 1,125,405 shares of the stock traded hands, compared to its average volume of 783,042. The company’s 50 day moving average is $4.54 and its 200 day moving average is $4.59. Riskified Ltd. has a one year low of $3.70 and a one year high of $5.68. The stock has a market capitalization of $721.49 million, a PE ratio of -44.27 and a beta of 1.40.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $87.72 million. As a group, equities analysts forecast that Riskified Ltd. will post -0.01 EPS for the current year.

Institutional Trading of Riskified

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its stake in Riskified by 1.7% in the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock worth $5,327,000 after purchasing an additional 22,100 shares during the period. Modern Wealth Management LLC purchased a new stake in Riskified in the first quarter worth $56,000. Sei Investments Co. increased its stake in Riskified by 87.4% in the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock worth $1,396,000 after purchasing an additional 166,099 shares during the period. State of Wyoming increased its stake in Riskified by 16.4% in the first quarter. State of Wyoming now owns 107,785 shares of the company’s stock worth $423,000 after purchasing an additional 15,195 shares during the period. Finally, R Squared Ltd increased its stake in Riskified by 57.8% in the first quarter. R Squared Ltd now owns 19,813 shares of the company’s stock worth $78,000 after purchasing an additional 7,257 shares during the period. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on RSKD shares. Truist Financial decreased their price target 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 upgraded 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 assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Riskified currently has a consensus rating of “Hold” and a consensus target price 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.