Erez Shachar Sells 65,169 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 65,169 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $4.80, for a total transaction of $312,811.20. Following the completion of the transaction, the director owned 5,093,446 shares in the company, valued at approximately $24,448,540.80. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $4.80, for a total transaction of $1,920.00.
• 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 shares were sold at an average price of $4.81, for a total transaction of $214,896.37.

Riskified Stock Performance

RSKD stock opened at $4.88 on Friday. The company’s 50-day simple moving average is $4.42 and its 200 day simple moving average is $4.58. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $5.68. The company has a market capitalization of $722.23 million, a PE ratio of -44.32 and a beta of 1.39.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, beating 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 the consensus estimate of $87.72 million.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Riskified

Several institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in Riskified by 1.7% during 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 bought a new stake in Riskified during the first quarter worth about $56,000. Sei Investments Co. lifted its position in Riskified by 87.4% during 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 lifted its holdings in shares of 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 acquiring an additional 15,195 shares during the last quarter. Finally, R Squared Ltd lifted its holdings in shares of 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 acquiring an additional 7,257 shares during the last quarter. 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.