Riskified (NYSE:RSKD) Director Sells $1,348,988.92 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 265,549 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $5.08, for a total value of $1,348,988.92. Following the completion of the sale, the director owned 1,928,427 shares of the company’s stock, valued at $9,796,409.16. This trade represents a 12.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 1st, Erez Shachar sold 435,900 shares of Riskified stock. The shares were sold at an average price of $5.02, for a total value of $2,188,218.00.
• 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 transaction of $1,413,135.02.
• On Monday, June 29th, Erez Shachar sold 220,600 shares of Riskified stock. The shares were sold at an average price of $5.05, for a total transaction of $1,114,030.00.
• On Friday, June 26th, Erez Shachar sold 356,000 shares of Riskified stock. The stock was 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 transaction 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 transaction of $740,486.00.
• On Monday, June 22nd, Erez Shachar sold 75,204 shares of Riskified stock. The stock was 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 stock was 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 transaction of $474,734.00.

Riskified Stock Up 2.4%

NYSE RSKD traded up $0.12 during trading hours on Monday, hitting $5.25. 1,148,454 shares of the company were exchanged, compared to its average volume of 849,650. The stock has a market cap of $778.54 million, a PE ratio of -47.77 and a beta of 1.38. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $5.68. The stock has a 50-day moving average price of $4.82 and a 200 day moving average price of $4.60.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.05 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 during the quarter, compared to analyst estimates of $87.72 million. As a group, sell-side analysts anticipate that Riskified Ltd. will post -0.01 earnings per share for the current year.

Institutional Trading of Riskified

Several large investors have recently bought and sold shares of the stock. Invesco Ltd. purchased a new position in Riskified in the 1st quarter worth $51,000. Russell Investments Group Ltd. raised its holdings 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 purchasing an additional 144,431 shares during the last quarter. Marshall Wace LLP acquired a new stake in Riskified during the 2nd quarter worth about $1,453,000. Qube Research & Technologies Ltd raised its stake in shares of Riskified by 7.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock valued at $1,355,000 after buying an additional 18,690 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Riskified during the second quarter worth about $36,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Riskified has a consensus rating of “Hold” and an average target price of $5.96.

Riskified Company Profile

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.