Insider Selling: Riskified (NYSE:RSKD) Director Sells 82,103 Shares

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 82,103 shares of the stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $5.21, for a total value of $427,756.63. Following the completion of the sale, the director owned 1,390,190 shares of the company’s stock, valued at $7,242,889.90. This trade represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, July 10th, Erez Shachar sold 24,328 shares of Riskified stock. The shares were sold at an average price of $5.22, for a total value of $126,992.16.
• On Thursday, July 9th, Erez Shachar sold 64,800 shares of Riskified stock. The stock was sold at an average price of $5.22, for a total transaction of $338,256.00.
• On Wednesday, July 8th, Erez Shachar sold 64,349 shares of Riskified stock. The shares were sold at an average price of $5.18, for a total transaction of $333,327.82.
• On Tuesday, July 7th, Erez Shachar sold 148,221 shares of Riskified stock. The stock was sold at an average price of $5.27, for a total transaction of $781,124.67.
• On Monday, July 6th, Erez Shachar sold 154,436 shares of Riskified stock. The shares were sold at an average price of $5.22, for a total transaction of $806,155.92.
• On Thursday, July 2nd, Erez Shachar sold 265,549 shares of Riskified stock. The shares were sold at an average price of $5.08, for a total transaction of $1,348,988.92.
• On Wednesday, July 1st, Erez Shachar sold 435,900 shares of Riskified stock. The stock was sold at an average price of $5.02, for a total transaction of $2,188,218.00.
• On Tuesday, June 30th, Erez Shachar sold 281,501 shares of Riskified stock. The stock was sold at an average price of $5.02, for a total value 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 value of $1,114,030.00.
• 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.

Riskified Trading Down 0.8%

Shares of RSKD stock traded down $0.04 on Tuesday, hitting $5.18. 385,480 shares of the stock were exchanged, compared to its average volume of 838,251. The firm has a market capitalization of $767.12 million, a P/E ratio of -47.07 and a beta of 1.38. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $5.68. The business has a 50-day moving average of $4.91 and a 200 day moving average of $4.61.

Riskified (NYSE:RSKD) last announced its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $88.27 million for the quarter, compared to analyst estimates of $87.72 million. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%. As a group, research analysts forecast that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Analyst Ratings Changes

RSKD has been the topic of several analyst reports. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Keefe, Bruyette & Woods raised their price objective on Riskified from $5.25 to $5.50 and gave the company a “market perform” rating in a report on Monday. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Riskified has an average rating of “Hold” and an average target price of $6.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Harvey Partners LLC lifted its holdings in Riskified by 20.4% during the 3rd 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. Renaissance Technologies LLC raised its position in shares of Riskified by 1.7% in the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after purchasing an additional 22,100 shares during the period. Finally, State Street Corp lifted its stake in shares of Riskified by 11.9% during the 4th quarter. State Street Corp now owns 866,456 shares of the company’s stock worth $4,306,000 after buying an additional 92,019 shares during the last quarter. 58.98% of the stock is 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.