Riskified (NYSE:RSKD) Director Sells $398,180.94 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 81,762 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $4.87, for a total transaction of $398,180.94. Following the sale, the director directly owned 4,696,049 shares of the company’s stock, valued at $22,869,758.63. The trade was a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, June 10th, Erez Shachar sold 109,462 shares of Riskified stock. The stock was sold at an average price of $4.93, for a total transaction of $539,647.66.
• On Tuesday, June 9th, Erez Shachar sold 132,462 shares of Riskified stock. The stock was sold at an average price of $4.91, for a total transaction 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 transaction 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 transaction of $216,006.70.
• On Wednesday, June 3rd, Erez Shachar sold 2,562 shares of Riskified stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $4.81, for a total transaction of $214,896.37.

Riskified Trading Down 0.1%

NYSE RSKD opened at $4.94 on Monday. The company has a fifty day simple moving average of $4.60 and a two-hundred day simple moving average of $4.59. The stock has a market cap of $731.12 million, a P/E ratio of -44.86 and a beta of 1.40. Riskified Ltd. has a 12-month low of $3.70 and a 12-month high of $5.68.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $88.27 million during the quarter, compared to analysts’ expectations of $87.72 million. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. As a group, sell-side analysts forecast that Riskified Ltd. will post -0.01 earnings per share for the current year.

Institutional Investors Weigh In On Riskified

Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its holdings in shares of Riskified by 1.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock valued at $1,502,000 after purchasing an additional 2,900 shares in the last quarter. FNY Investment Advisers LLC lifted its position in shares of Riskified by 24.8% during the 3rd quarter. FNY Investment Advisers LLC now owns 15,110 shares of the company’s stock worth $70,000 after buying an additional 3,000 shares during the last quarter. ARK Investment Management LLC lifted its position in shares of Riskified by 1.2% during the 3rd quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock worth $1,724,000 after buying an additional 4,248 shares during the last quarter. California State Teachers Retirement System raised its position in Riskified by 5.5% in the 2nd quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock valued at $464,000 after purchasing an additional 4,826 shares during the last quarter. Finally, Swiss National Bank raised its position in Riskified by 3.1% in the 4th quarter. Swiss National Bank now owns 167,513 shares of the company’s stock valued at $833,000 after purchasing an additional 5,000 shares during the last quarter. 58.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Truist Financial dropped their target price on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Wall Street Zen upgraded shares of 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 given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus 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.