Riskified (NYSE:RSKD) Director Erez Shachar Sells 148,221 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 148,221 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $5.27, for a total transaction of $781,124.67. Following the completion of the sale, the director owned 1,625,770 shares of the company’s stock, valued at $8,567,807.90. This trade represents a 8.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 6th, Erez Shachar sold 154,436 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total value 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 value of $1,348,988.92.
• On Wednesday, July 1st, Erez Shachar sold 435,900 shares of Riskified stock. The shares were sold at an average price of $5.02, for a total value 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 value 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 value 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 value of $1,787,120.00.
• On Thursday, June 25th, Erez Shachar sold 124,085 shares of Riskified stock. The shares were sold at an average price of $4.96, for a total value of $615,461.60.
• On Wednesday, June 24th, Erez Shachar sold 168,300 shares of Riskified stock. The shares were sold at an average price of $4.89, for a total value of $822,987.00.
• On Tuesday, June 23rd, Erez Shachar sold 150,200 shares of Riskified stock. The stock was sold at an average price of $4.93, for a total transaction of $740,486.00.
• On Monday, June 22nd, Erez Shachar sold 75,204 shares of Riskified stock. The shares were sold at an average price of $4.92, for a total transaction of $370,003.68.

Riskified Stock Down 1.2%

Shares of RSKD traded down $0.07 during trading hours on Wednesday, hitting $5.18. The company had a trading volume of 686,919 shares, compared to its average volume of 848,633. The firm has a market cap of $768.16 million, a price-to-earnings ratio of -47.14 and a beta of 1.38. The business has a fifty day moving average of $4.85 and a 200-day moving average of $4.60. Riskified Ltd. has a 12 month low of $3.70 and a 12 month high of $5.68.

Riskified (NYSE:RSKD) last announced its earnings results on Thursday, May 14th. The company reported $0.05 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 during the quarter, compared to the consensus estimate of $87.72 million. On average, equities analysts expect that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Riskified

A number of institutional investors have recently modified their holdings of RSKD. Millennium Management LLC grew its stake in shares of Riskified by 335.3% in the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock valued at $3,953,000 after acquiring an additional 612,719 shares in the last quarter. Clearline Capital LP boosted its holdings in Riskified by 23.8% in the 3rd quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after purchasing an additional 597,765 shares during the period. Harvey Partners LLC grew its position in shares of Riskified by 20.4% during the 3rd quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock worth $14,475,000 after purchasing an additional 523,855 shares in the last quarter. Anson Funds Management LP increased its holdings in shares of Riskified by 136.0% during the fourth quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock worth $3,150,000 after purchasing an additional 365,254 shares during the period. Finally, TFJ Management LLC increased its holdings in shares of Riskified by 31.7% during the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after purchasing an additional 335,399 shares during the period. Institutional investors own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently 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.