Insider Selling: Riskified (NYSE:RSKD) Director Sells $292,433.57 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 60,797 shares of Riskified stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $4.81, for a total value of $292,433.57. Following the completion of the transaction, the director directly owned 5,158,615 shares of the company’s stock, valued at $24,812,938.15. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a 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 value 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 value of $312,811.20.
• 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 opened at $4.78 on Friday. The stock has a market capitalization of $707.42 million, a PE ratio of -43.41 and a beta of 1.39. The business has a fifty day moving average price of $4.41 and a two-hundred day moving average price of $4.58. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $5.68.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share 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 analysts’ expectations of $87.72 million.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RSKD shares. Truist Financial cut 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. Wall Street Zen raised shares of Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, March 15th. 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Harvey Partners LLC lifted its holdings in shares of Riskified by 20.4% in the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock worth $14,475,000 after acquiring an additional 523,855 shares during the last quarter. Clearline Capital LP lifted its holdings in shares of Riskified by 23.8% in the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock worth $14,536,000 after acquiring an additional 597,765 shares during the last quarter. TFJ Management LLC lifted its holdings in shares of Riskified by 31.7% in the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after acquiring an additional 335,399 shares during the last quarter. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Riskified in the fourth quarter worth about $1,019,000. Finally, State of Wyoming lifted its holdings in shares of Riskified by 88.9% in the fourth quarter. State of Wyoming now owns 92,590 shares of the company’s stock worth $460,000 after acquiring an additional 43,568 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.