Erez Shachar Sells 281,501 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKDGet Free Report) Director Erez Shachar sold 281,501 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $5.02, for a total value of $1,413,135.02. Following the transaction, the director directly owned 2,629,876 shares of the company’s stock, valued at $13,201,977.52. This represents a 9.67% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 Monday, June 29th, Erez Shachar sold 220,600 shares of Riskified stock. The stock was 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 transaction 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 transaction of $615,461.60.
  • On Wednesday, June 24th, Erez Shachar sold 168,300 shares of Riskified stock. The shares were 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 stock was 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 transaction 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 transaction of $500,888.00.
  • On Wednesday, June 17th, Erez Shachar sold 96,100 shares of Riskified stock. The shares were sold at an average price of $4.94, for a total transaction of $474,734.00.
  • On Tuesday, June 16th, Erez Shachar sold 261,459 shares of Riskified stock. The shares were sold at an average price of $4.95, for a total transaction 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 Stock Performance

Shares of Riskified stock traded down $0.01 during midday trading on Wednesday, hitting $5.03. The company had a trading volume of 2,188,499 shares, compared to its average volume of 842,386. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $5.68. The stock has a market capitalization of $744.45 million, a P/E ratio of -45.68 and a beta of 1.40. The company has a 50 day moving average of $4.79 and a 200 day moving average of $4.59.

Riskified (NYSE:RSKDGet Free Report) last announced its quarterly earnings data 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. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%.The business had revenue of $88.27 million during the quarter, compared to analysts’ expectations of $87.72 million. Equities research analysts forecast that Riskified Ltd. will post -0.01 EPS for the current year.

Hedge Funds Weigh In On Riskified

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of Riskified during the 2nd quarter valued at about $36,000. Man Group plc purchased a new position in shares of Riskified during the fourth quarter valued at approximately $50,000. Virtu Financial LLC purchased a new position in shares of Riskified during the third quarter valued at approximately $51,000. Invesco Ltd. bought a new position in Riskified during the first quarter valued at approximately $51,000. Finally, T3 Companies LLC bought a new position in Riskified during the fourth quarter valued at approximately $54,000. Institutional investors own 58.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on RSKD shares. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a research 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 on the stock in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.96.

Check Out Our Latest Stock Analysis on Riskified

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.

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

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