Erez Shachar Sells 60,797 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 60,797 shares of the business’s stock in a transaction that occurred 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 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 document filed with the SEC, which is available through this link.

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

• 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 Stock Up 0.6%

Shares of NYSE:RSKD traded up $0.03 during mid-day trading on Tuesday, reaching $4.79. 802,905 shares of the stock were exchanged, compared to its average volume of 748,670. The stock’s 50 day simple moving average is $4.38 and its 200-day simple moving average is $4.58. Riskified Ltd. has a one year low of $3.70 and a one year high of $5.68. The company has a market cap of $709.64 million, a P/E ratio of -43.55 and a beta of 1.39.

Riskified (NYSE:RSKD) last released its 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. The firm had revenue of $88.27 million for the quarter, compared to analysts’ expectations of $87.72 million. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Riskified from a “hold” rating to a “buy” rating in a report on Sunday, March 15th. Truist Financial lowered their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.96.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RSKD. Millennium Management LLC grew its stake in Riskified by 335.3% in the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock valued at $3,953,000 after purchasing an additional 612,719 shares in the last quarter. Clearline Capital LP grew its stake in Riskified by 23.8% in the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after purchasing an additional 597,765 shares in the last quarter. Harvey Partners LLC grew its stake in Riskified by 20.4% in the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after purchasing an additional 523,855 shares in the last quarter. Anson Funds Management LP grew its stake in Riskified by 136.0% in the fourth quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock valued at $3,150,000 after purchasing an additional 365,254 shares in the last quarter. Finally, TFJ Management LLC grew its stake in Riskified by 31.7% in the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock valued at $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.

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.