Riskified (NYSE:RSKD) Director Erez Shachar Sells 65,169 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 65,169 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $4.80, for a total value of $312,811.20. Following the transaction, the director owned 5,093,446 shares of the company’s stock, valued at $24,448,540.80. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 value of $1,920.00.
• 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 value 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 Price Performance

Riskified stock opened at $4.78 on Friday. The stock has a fifty day moving average price of $4.41 and a two-hundred day moving average price of $4.58. 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 $707.42 million, a P/E ratio of -43.41 and a beta of 1.39.

Riskified (NYSE:RSKD) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $87.72 million.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RSKD shares. Truist Financial lowered their target price on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Wall Street Zen upgraded Riskified from a “hold” rating to a “buy” rating in a research note on Sunday, March 15th. 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, Riskified currently has an average rating of “Hold” and a consensus target price of $5.96.

Institutional Trading of Riskified

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake in shares of Riskified by 1.7% in the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after buying an additional 22,100 shares in the last quarter. Modern Wealth Management LLC acquired a new stake in shares of Riskified in the first quarter valued at $56,000. Sei Investments Co. increased its stake in shares of Riskified by 87.4% in the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock valued at $1,396,000 after buying an additional 166,099 shares in the last quarter. State of Wyoming increased its position in Riskified by 16.4% in the first quarter. State of Wyoming now owns 107,785 shares of the company’s stock worth $423,000 after purchasing an additional 15,195 shares during the period. Finally, R Squared Ltd increased its position in Riskified by 57.8% in the first quarter. R Squared Ltd now owns 19,813 shares of the company’s stock worth $78,000 after purchasing an additional 7,257 shares during the period. 58.98% of the stock is currently owned by institutional investors and hedge funds.

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.