Riskified (NYSE:RSKD) Director Erez Shachar Sells 132,462 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 132,462 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $4.91, for a total value of $650,388.42. Following the sale, the director owned 4,387,273 shares in the company, valued at $21,541,510.43. The trade was a 2.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 stock was sold at an average price of $4.90, for a total value 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 value 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 value of $214,896.37.

Riskified Stock Down 1.8%

NYSE RSKD opened at $4.87 on Thursday. The firm has a 50-day moving average price of $4.56 and a two-hundred day moving average price of $4.59. Riskified Ltd. has a 12-month low of $3.70 and a 12-month high of $5.68. The company has a market capitalization of $721.49 million, a P/E ratio of -44.27 and a beta of 1.40.

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

Hedge Funds Weigh In On Riskified

Several large investors have recently bought and sold shares of the company. Clearline Capital LP raised its position 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 during the last quarter. Harvey Partners LLC raised its position in shares of Riskified by 20.4% during 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. Nuveen LLC raised its position in shares of Riskified by 3.3% during the fourth quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after acquiring an additional 47,464 shares during the last quarter. Monimus Capital Management LP raised its position in shares of Riskified by 13.2% during the fourth quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock worth $6,982,000 after acquiring an additional 164,302 shares during the last quarter. Finally, TFJ Management LLC raised its position in shares of Riskified by 31.7% during 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. 58.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on RSKD. Truist Financial dropped their target price 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 upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Riskified presently has an average rating of “Hold” and an average price target 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.