Erez Shachar Sells 109,462 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 109,462 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $4.93, for a total transaction of $539,647.66. Following the sale, the director directly owned 4,777,811 shares in the company, valued at $23,554,608.23. This trade represents a 2.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, June 11th, Erez Shachar sold 81,762 shares of Riskified stock. The stock was sold at an average price of $4.87, for a total transaction of $398,180.94.
• On Tuesday, June 9th, Erez Shachar sold 132,462 shares of Riskified stock. The shares were sold at an average price of $4.91, for a total transaction of $650,388.42.
• On Monday, June 8th, Erez Shachar sold 108,150 shares of Riskified stock. The shares were sold at an average price of $4.87, for a total transaction 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 transaction 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 transaction 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 transaction of $1,920.00.
• On Tuesday, May 26th, Erez Shachar sold 65,169 shares of Riskified stock. The shares were 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 shares were 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 shares were sold at an average price of $4.81, for a total transaction of $214,896.37.

Riskified Stock Up 0.1%

NYSE:RSKD opened at $4.94 on Friday. The company has a fifty day moving average of $4.60 and a 200 day moving average of $4.59. 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 $731.12 million, a P/E ratio of -44.86 and a beta of 1.40.

Riskified (NYSE:RSKD) last posted its quarterly 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 net margin of 5.17% and a negative return on equity of 3.91%. The company had revenue of $88.27 million during the quarter, compared to analyst estimates of $87.72 million. As a group, analysts anticipate that Riskified Ltd. will post -0.01 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on RSKD shares. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Truist Financial decreased their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.96.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Harvey Partners LLC increased its stake in shares of Riskified by 20.4% in the 3rd 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 in the last quarter. Clearline Capital LP increased its stake in shares of Riskified by 23.8% in the 3rd quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock worth $14,536,000 after acquiring an additional 597,765 shares in the last quarter. TFJ Management LLC increased its stake in shares of Riskified by 31.7% in the 3rd 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 in the last quarter. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Riskified in the 4th quarter worth about $1,019,000. Finally, Globeflex Capital L P bought a new position in shares of Riskified in the 4th quarter worth about $736,000. 58.98% of the stock is currently owned by institutional investors.

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.