Insider Selling: Riskified (NYSE:RSKD) Director Sells $1,114,030.00 in Stock

Riskified Ltd. (NYSE:RSKDGet Free Report) Director Erez Shachar sold 220,600 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $5.05, for a total transaction of $1,114,030.00. Following the transaction, the director owned 2,911,377 shares of the company’s stock, valued at approximately $14,702,453.85. This represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Tuesday, June 30th, Erez Shachar sold 281,501 shares of Riskified stock. The shares were sold at an average price of $5.02, for a total value of $1,413,135.02.
  • On Friday, June 26th, Erez Shachar sold 356,000 shares of Riskified stock. The shares were sold at an average price of $5.02, for a total value of $1,787,120.00.
  • On Thursday, June 25th, Erez Shachar sold 124,085 shares of Riskified stock. The stock was sold at an average price of $4.96, for a total value of $615,461.60.
  • On Wednesday, June 24th, Erez Shachar sold 168,300 shares of Riskified stock. The stock was sold at an average price of $4.89, for a total value of $822,987.00.
  • On Tuesday, June 23rd, Erez Shachar sold 150,200 shares of Riskified stock. The shares were sold at an average price of $4.93, for a total value of $740,486.00.
  • 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 value of $370,003.68.
  • On Thursday, June 18th, Erez Shachar sold 101,600 shares of Riskified stock. The shares were sold at an average price of $4.93, for a total value of $500,888.00.
  • 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 stock was sold at an average price of $4.87, for a total value of $398,180.94.

Riskified Trading Down 0.1%

NYSE RSKD opened at $5.12 on Friday. Riskified Ltd. has a 12 month low of $3.70 and a 12 month high of $5.68. The stock has a 50 day moving average of $4.82 and a 200-day moving average of $4.60. The company has a market cap of $759.27 million, a PE ratio of -46.59 and a beta of 1.38.

Riskified (NYSE:RSKDGet Free Report) last issued its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, topping 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 business had revenue of $88.27 million for the quarter, compared to the consensus estimate of $87.72 million. As a group, sell-side analysts predict that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $5.96.

Get Our Latest Research Report on RSKD

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Clearline Capital LP lifted its holdings in Riskified by 23.8% during the 3rd 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 increased its holdings in shares of Riskified by 20.4% in the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after purchasing an additional 523,855 shares during the last quarter. Nuveen LLC increased its holdings in shares of Riskified by 3.3% in the fourth quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock valued at $7,336,000 after purchasing an additional 47,464 shares during the last quarter. Monimus Capital Management LP raised its position in shares of Riskified by 13.2% in the fourth quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock valued at $6,982,000 after purchasing an additional 164,302 shares during the period. Finally, TFJ Management LLC raised its position in shares of 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. 58.98% of the stock is owned by institutional investors and hedge funds.

Riskified Company Profile

(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.

Further Reading

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

Receive News & Ratings for Riskified Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riskified and related companies with MarketBeat.com's FREE daily email newsletter.