Erez Shachar Sells 261,459 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 261,459 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $4.95, for a total transaction of $1,294,222.05. Following the sale, the director directly owned 4,203,466 shares of the company’s stock, valued at $20,807,156.70. This trade represents a 5.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 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 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.
• On Wednesday, June 10th, Erez Shachar sold 109,462 shares of Riskified stock. The stock was 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 shares were 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 shares were 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 stock was 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 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 stock was 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 stock was sold at an average price of $4.81, for a total transaction of $292,433.57.

Riskified Stock Down 0.3%

RSKD opened at $4.94 on Friday. The stock has a market capitalization of $731.42 million, a price-to-earnings ratio of -44.88 and a beta of 1.40. The firm has a 50 day moving average price of $4.69 and a 200-day moving average price of $4.59. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.68.

Riskified (NYSE:RSKD) last issued its earnings results 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 net margin of 5.17% and a negative return on equity of 3.91%. The company had revenue of $88.27 million for the quarter, compared to analysts’ expectations of $87.72 million. As a group, analysts expect that Riskified Ltd. will post -0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

RSKD has been the subject of several research analyst reports. Truist Financial cut their price objective on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.96.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Clearline Capital LP grew its position in shares of 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 acquiring an additional 597,765 shares during the period. Harvey Partners LLC lifted its position in Riskified by 20.4% during 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 in the last quarter. Nuveen LLC lifted its position in Riskified by 3.3% during 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 in the last quarter. Monimus Capital Management LP grew its holdings in Riskified by 13.2% during 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 grew its holdings in Riskified by 31.7% during 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 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.