Insider Selling: Riskified (NYSE:RSKD) Director Sells 109,462 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 109,462 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $4.93, for a total transaction of $539,647.66. Following the completion of the sale, the director directly owned 4,777,811 shares in the company, valued at $23,554,608.23. This represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, June 11th, Erez Shachar sold 81,762 shares of Riskified stock. The shares were sold at an average price of $4.87, for a total value of $398,180.94.
• 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 stock was 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 stock was 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 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 shares were sold at an average price of $4.80, for a total transaction 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 shares were sold at an average price of $4.81, for a total transaction of $214,896.37.

Riskified Stock Up 0.1%

RSKD stock traded up $0.01 during trading on Friday, hitting $4.94. 1,080,690 shares of the company’s stock traded hands, compared to its average volume of 786,098. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $5.68. The stock has a fifty day moving average price of $4.58 and a two-hundred day moving average price of $4.59. The stock has a market capitalization of $731.12 million, a price-to-earnings ratio of -44.86 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 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 firm had revenue of $88.27 million during the quarter, compared to analyst estimates of $87.72 million. As a group, equities research analysts expect that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in Riskified during the 2nd quarter worth $36,000. Man Group plc bought a new stake in shares of Riskified in the 4th quarter worth $50,000. Virtu Financial LLC bought a new stake in shares of Riskified in the 3rd quarter worth $51,000. Invesco Ltd. bought a new stake in shares of Riskified in the 1st quarter worth $51,000. Finally, T3 Companies LLC bought a new stake in shares of Riskified in the 4th quarter worth $54,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on RSKD shares. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Truist Financial dropped their target price on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Three investment 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’s stock. According to data from MarketBeat.com, Riskified currently has an average rating of “Hold” and an average 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.