Riskified (NYSE:RSKD) Director Sells $214,896.37 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 44,677 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $4.81, for a total value of $214,896.37. Following the sale, the director owned 5,219,412 shares in the company, valued at $25,105,371.72. This trade represents a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• 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 value of $292,433.57.

Riskified Stock Up 0.6%

Shares of NYSE:RSKD traded up $0.03 during trading on Tuesday, reaching $4.79. 802,905 shares of the company’s stock traded hands, compared to its average volume of 748,670. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $5.68. The firm has a market cap of $709.64 million, a PE ratio of -43.55 and a beta of 1.39. The company has a 50-day simple moving average of $4.38 and a 200-day simple moving average of $4.58.

Riskified (NYSE:RSKD) last posted its earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%.The firm had revenue of $88.27 million for the quarter, compared to analysts’ expectations of $87.72 million.

Institutional Investors Weigh In On Riskified

Several institutional investors have recently bought and sold shares of the company. 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 worth $14,536,000 after buying an additional 597,765 shares during the last quarter. Harvey Partners LLC boosted its holdings in Riskified by 20.4% in the 3rd quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock worth $14,475,000 after buying an additional 523,855 shares during the last quarter. Nuveen LLC boosted its holdings in Riskified by 3.3% in the 4th quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after buying an additional 47,464 shares during the last quarter. Monimus Capital Management LP boosted its holdings in Riskified by 13.2% in the 4th quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock worth $6,982,000 after buying an additional 164,302 shares during the last quarter. Finally, TFJ Management LLC lifted its stake in Riskified by 31.7% in the 3rd 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 in the last quarter. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in 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 Riskified from a “hold” rating to a “buy” rating in a report on Sunday, March 15th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.96.

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.