Erez Shachar Sells 44,083 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKDGet Free Report) Director Erez Shachar sold 44,083 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $4.90, for a total transaction of $216,006.70. Following the completion of the transaction, the director owned 4,627,885 shares of the company’s stock, valued at $22,676,636.50. This trade represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Wednesday, June 3rd, Erez Shachar sold 2,562 shares of Riskified stock. The stock was 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 stock was 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 value 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 value of $292,433.57.
  • On Thursday, May 21st, Erez Shachar sold 44,677 shares of Riskified stock. The stock was sold at an average price of $4.81, for a total value of $214,896.37.

Riskified Price Performance

RSKD traded down $0.07 on Friday, reaching $4.75. The company’s stock had a trading volume of 681,929 shares, compared to its average volume of 773,174. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $5.68. The business’s 50 day moving average is $4.48 and its 200 day moving average is $4.58. The stock has a market cap of $702.98 million, a price-to-earnings ratio of -43.14 and a beta of 1.40.

Riskified (NYSE:RSKDGet Free Report) 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 company 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 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Riskified

A number of institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Riskified during the 2nd quarter valued at approximately $36,000. Man Group plc acquired a new position in Riskified in the fourth quarter worth $50,000. Virtu Financial LLC bought a new stake in Riskified during the third quarter valued at $51,000. Invesco Ltd. acquired a new stake in shares of Riskified during the first quarter worth $51,000. Finally, T3 Companies LLC acquired a new stake in shares of Riskified during the fourth quarter worth $54,000. 58.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on RSKD

About Riskified

(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)

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