Riskified (NYSE:RSKD) Director Erez Shachar Sells 101,600 Shares of Stock

Riskified Ltd. (NYSE:RSKDGet Free Report) Director Erez Shachar sold 101,600 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $4.93, for a total transaction of $500,888.00. Following the sale, the director directly owned 4,005,766 shares of the company’s stock, valued at $19,748,426.38. This represents a 2.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Monday, June 22nd, Erez Shachar sold 75,204 shares of Riskified stock. The shares were sold at an average price of $4.92, for a total transaction of $370,003.68.
  • On Wednesday, June 17th, Erez Shachar sold 96,100 shares of Riskified stock. The stock was sold at an average price of $4.94, for a total value of $474,734.00.
  • On Tuesday, June 16th, Erez Shachar sold 261,459 shares of Riskified stock. The stock was sold at an average price of $4.95, for a total value of $1,294,222.05.
  • On Thursday, June 11th, Erez Shachar sold 81,762 shares of Riskified stock. The shares were sold at an average price of $4.87, for a total value of $398,180.94.
  • On Wednesday, June 10th, Erez Shachar sold 109,462 shares of Riskified stock. The shares were sold at an average price of $4.93, for a total value 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 value 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 value of $526,690.50.
  • On Thursday, June 4th, Erez Shachar sold 44,083 shares of Riskified stock. The shares were 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 shares were 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 stock was sold at an average price of $4.80, for a total transaction of $1,920.00.

Riskified Stock Up 1.2%

Riskified stock opened at $4.92 on Wednesday. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $5.68. The firm has a market capitalization of $728.91 million, a price-to-earnings ratio of -44.73 and a beta of 1.40. The company has a fifty day simple moving average of $4.72 and a 200-day simple moving average of $4.59.

Riskified (NYSE:RSKDGet Free Report) last posted its quarterly earnings results 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. The firm had revenue of $88.27 million for 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%. On average, research analysts anticipate that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on RSKD shares. Truist Financial dropped their price target on 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 Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $5.96.

Check Out Our Latest Stock Report on Riskified

Hedge Funds Weigh In On Riskified

Institutional investors and hedge funds have recently bought and sold shares of the company. Harvey Partners LLC grew its position in 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 period. 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 period. TFJ Management LLC raised its position 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 during the period. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Riskified in the 4th quarter valued at $1,019,000. Finally, Globeflex Capital L P acquired a new position in shares of Riskified in the 4th quarter valued at $736,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

About Riskified

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Riskified (NYSE:RSKD)

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