Insider Selling: Riskified (NYSE:RSKD) Director Sells 75,204 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 75,204 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $4.92, for a total transaction of $370,003.68. Following the completion of the sale, the director directly owned 3,930,562 shares in the company, valued at approximately $19,338,365.04. This represents a 1.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 Thursday, June 18th, Erez Shachar sold 101,600 shares of Riskified stock. The shares were sold at an average price of $4.93, for a total transaction of $500,888.00.
• On Wednesday, June 17th, Erez Shachar sold 96,100 shares of Riskified stock. The shares were sold at an average price of $4.94, for a total transaction of $474,734.00.
• On Tuesday, June 16th, Erez Shachar sold 261,459 shares of Riskified stock. The stock was sold at an average price of $4.95, for a total transaction 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 transaction of $398,180.94.
• On Wednesday, June 10th, Erez Shachar sold 109,462 shares of Riskified stock. The stock was sold at an average price of $4.93, for a total transaction of $539,647.66.
• On Tuesday, June 9th, Erez Shachar sold 132,462 shares of Riskified stock. The shares were sold at an average price of $4.91, for a total value of $650,388.42.
• 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 transaction of $216,006.70.
• On Wednesday, June 3rd, Erez Shachar sold 2,562 shares of Riskified stock. The shares were 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 transaction of $1,920.00.

Riskified Trading Up 1.2%

Shares of Riskified stock traded up $0.06 during trading on Tuesday, hitting $4.92. 1,485,812 shares of the stock were exchanged, compared to its average volume of 804,724. The company has a fifty day moving average price of $4.70 and a 200-day moving average price of $4.59. The stock has a market capitalization of $728.90 million, a price-to-earnings ratio of -44.73 and a beta of 1.40. Riskified Ltd. has a 1-year low of $3.70 and a 1-year high of $5.68.

Riskified (NYSE:RSKD) last issued its earnings results 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. The business had revenue of $88.27 million during 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%. Equities research analysts forecast that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Truist Financial reduced their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.96.

Institutional Investors Weigh In On Riskified

Institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its holdings in shares of Riskified by 1.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock worth $1,502,000 after acquiring an additional 2,900 shares during the period. FNY Investment Advisers LLC increased its stake in shares of Riskified by 24.8% during the third quarter. FNY Investment Advisers LLC now owns 15,110 shares of the company’s stock worth $70,000 after purchasing an additional 3,000 shares during the period. ARK Investment Management LLC increased its stake in shares of Riskified by 1.2% during the third quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock worth $1,724,000 after purchasing an additional 4,248 shares during the period. 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 purchasing an additional 4,826 shares during the last quarter. Finally, Swiss National Bank boosted its stake 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 purchasing an additional 5,000 shares during the period. Institutional investors own 58.98% of the company’s stock.

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.