Riskified (NYSE:RSKD) Director Sells $312,811.20 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 65,169 shares of Riskified stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $4.80, for a total value of $312,811.20. Following the completion of the transaction, the director owned 5,093,446 shares of the company’s stock, valued at approximately $24,448,540.80. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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 Friday, May 22nd, Erez Shachar sold 60,797 shares of Riskified stock. The shares were 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 shares were sold at an average price of $4.81, for a total value of $214,896.37.

Riskified Stock Up 2.2%

Shares of RSKD stock opened at $4.88 on Friday. The business has a 50 day moving average of $4.42 and a two-hundred day moving average of $4.58. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $5.68. The company has a market cap of $722.23 million, a P/E ratio of -44.32 and a beta of 1.39.

Riskified (NYSE:RSKD) last issued its earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $88.27 million during the quarter, compared to the consensus estimate of $87.72 million.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Truist Financial decreased 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. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.96.

Hedge Funds Weigh In On Riskified

Several hedge funds and other institutional investors have recently made changes to their positions in RSKD. Invesco Ltd. acquired a new position in shares of Riskified during the first quarter worth approximately $51,000. Russell Investments Group Ltd. boosted its position in shares of Riskified by 178.2% during the second quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock worth $1,125,000 after buying an additional 144,431 shares during the period. Marshall Wace LLP acquired a new position in shares of Riskified during the second quarter worth approximately $1,453,000. Qube Research & Technologies Ltd boosted its position in shares of Riskified by 7.4% during the second quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock worth $1,355,000 after buying an additional 18,690 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Riskified during the second quarter worth approximately $36,000. 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.