Key Points
- Riskified Director Erez Shachar sold 65,169 shares on May 26 at an average price of $4.80, totaling about $312,811. After the sale, he still held more than 5.09 million shares.
- Shachar also sold additional shares earlier in the week, including 60,797 shares on May 22 and 44,677 shares on May 21, indicating a pattern of recent insider selling.
- Riskified reported mixed fundamentals and sentiment: the company beat quarterly EPS and revenue estimates, while analysts currently have a consensus rating of “Hold” with a price target of $5.96.
Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 65,169 shares of Riskified stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $4.80, for a total value of $312,811.20. Following the completion of the sale, the director owned 5,093,446 shares of the company's stock, valued at approximately $24,448,540.80. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Erez Shachar also recently made the following trade(s):
- 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 value of $1,920.00.
- 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 Trading Up 2.9%
Shares of RSKD opened at $4.78 on Friday. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $5.68. The stock has a market cap of $707.42 million, a P/E ratio of -43.41 and a beta of 1.39. The stock's 50-day moving average price is $4.41 and its two-hundred day moving average price is $4.58.
Riskified (NYSE:RSKD - Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $88.27 million for the quarter, compared to analysts' expectations of $87.72 million.
Hedge Funds Weigh In On Riskified
Several institutional investors have recently modified their holdings of RSKD. Millennium Management LLC lifted its holdings in shares of Riskified by 335.3% during the 4th quarter. Millennium Management LLC now owns 795,441 shares of the company's stock valued at $3,953,000 after purchasing an additional 612,719 shares in the last quarter. Clearline Capital LP lifted its holdings 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 purchasing an additional 597,765 shares in the last quarter. Harvey Partners LLC lifted its holdings in shares of 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 in the last quarter. Anson Funds Management LP lifted its holdings in shares of Riskified by 136.0% during the 4th quarter. Anson Funds Management LP now owns 633,746 shares of the company's stock valued at $3,150,000 after purchasing an additional 365,254 shares in the last quarter. Finally, TFJ Management LLC lifted its holdings in shares of Riskified by 31.7% during the 3rd 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 in the last quarter. Institutional investors own 58.98% of the company's stock.
Analyst Ratings Changes
A number of brokerages have issued reports on RSKD. Truist Financial reduced their target price on Riskified from $8.00 to $7.00 and set a "buy" rating on the stock in a report on Thursday, March 5th. Wall Street Zen upgraded Riskified from a "hold" rating to a "buy" rating in a report on Sunday, March 15th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $5.96.
Check Out Our Latest Stock Report on RSKD
Riskified Company Profile
(
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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