Key Points
- Riskified director Erez Shachar sold 109,462 shares on June 10 at an average price of $4.93, generating about $539,648. The filing also shows multiple recent insider sales by Shachar over the prior two weeks.
- Despite the insider selling, Riskified shares were slightly higher, opening at $4.94 and trading up 0.1% on Friday. The stock remains near its 50-day and 200-day moving averages of about $4.60 and $4.59.
- Riskified’s latest quarter beat expectations, reporting EPS of $0.05 versus a $0.04 estimate and revenue of $88.27 million versus $87.72 million expected. Analysts currently rate the stock a consensus Hold with a $5.96 price target.
Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 81,762 shares of Riskified stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $4.87, for a total value of $398,180.94. Following the completion of the transaction, the director directly owned 4,696,049 shares of the company's stock, valued at $22,869,758.63. This represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Erez Shachar also recently made the following trade(s):
- On Wednesday, June 10th, Erez Shachar sold 109,462 shares of Riskified stock. The shares were sold at an average price of $4.93, for a total value of $539,647.66.
- On Tuesday, June 9th, Erez Shachar sold 132,462 shares of Riskified stock. The shares were sold at an average price of $4.91, for a total value of $650,388.42.
- On Monday, June 8th, Erez Shachar sold 108,150 shares of Riskified stock. The shares were sold at an average price of $4.87, for a total value of $526,690.50.
- On Thursday, June 4th, Erez Shachar sold 44,083 shares of Riskified stock. The shares were sold at an average price of $4.90, for a total value of $216,006.70.
- On Wednesday, June 3rd, Erez Shachar sold 2,562 shares of Riskified stock. The shares were sold at an average price of $4.90, for a total value of $12,553.80.
- On Wednesday, May 27th, Erez Shachar sold 400 shares of Riskified stock. The shares were sold at an average price of $4.80, for a total value 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 shares were 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 shares were sold at an average price of $4.81, for a total value of $214,896.37.
Riskified Stock Up 0.1%
Riskified stock opened at $4.94 on Friday. The stock has a 50-day simple moving average of $4.60 and a 200 day simple moving average of $4.59. Riskified Ltd. has a 12-month low of $3.70 and a 12-month high of $5.68. The stock has a market capitalization of $731.12 million, a price-to-earnings ratio of -44.86 and a beta of 1.40.
Riskified (NYSE:RSKD - Get Free Report) last released its quarterly 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 during the quarter, compared to analysts' expectations 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, sell-side analysts anticipate that Riskified Ltd. will post -0.01 EPS for the current year.
Analysts Set New Price Targets
Several analysts have weighed in on RSKD shares. Truist Financial dropped their price objective on Riskified from $8.00 to $7.00 and set a "buy" rating for the company in a report on Thursday, March 5th. Wall Street Zen raised Riskified from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 30th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Riskified has a consensus rating of "Hold" and a consensus price target of $5.96.
Read Our Latest Report on Riskified
Institutional Trading of Riskified
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Riskified during the 2nd quarter worth about $36,000. Man Group plc bought a new stake in Riskified during the 4th quarter worth about $50,000. Virtu Financial LLC acquired a new position in shares of Riskified during the 3rd quarter worth about $51,000. Invesco Ltd. acquired a new position in shares of Riskified during the 1st quarter worth about $51,000. Finally, T3 Companies LLC acquired a new position in shares of Riskified during the 4th quarter worth about $54,000. 58.98% of the stock is owned by institutional investors.
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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