Key Points
- Riskified director Erez Shachar sold 220,600 shares on June 29 at an average price of $5.05, bringing in about $1.11 million. The sale was part of a pre-arranged Rule 10b5-1 plan, and his ownership fell by 7.04%.
- Shachar has been actively reducing his stake, with multiple additional sales in late June and mid-June totaling hundreds of thousands of shares each. Across the reported transactions, he sold millions of dollars’ worth of Riskified stock.
- Riskified’s shares were trading near $5.03, close to their recent range, while the company reported a slight earnings beat in its latest quarter. Analysts currently have a Hold consensus with an average price target of $5.96.
Riskified Ltd. (NYSE:RSKD - Get Free Report) Director Erez Shachar sold 220,600 shares of the firm's stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $5.05, for a total value of $1,114,030.00. Following the sale, the director owned 2,911,377 shares in the company, valued at $14,702,453.85. The trade was a 7.04% decrease in their position. The transaction 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 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 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.
- On Thursday, June 25th, Erez Shachar sold 124,085 shares of Riskified stock. The shares were sold at an average price of $4.96, for a total value 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 value 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 value 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 value of $370,003.68.
- On Thursday, June 18th, Erez Shachar sold 101,600 shares of Riskified stock. The shares were 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 stock was 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 stock was 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 shares were sold at an average price of $4.87, for a total transaction of $398,180.94.
Riskified Stock Performance
RSKD stock opened at $5.03 on Thursday. The firm has a market cap of $744.45 million, a P/E ratio of -45.68 and a beta of 1.38. The firm's fifty day moving average is $4.80 and its 200 day moving average is $4.59. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $5.68.
Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. The business had revenue of $88.27 million during the quarter, compared to the consensus estimate of $87.72 million. As a group, analysts forecast that Riskified Ltd. will post -0.01 EPS for the current year.
Hedge Funds Weigh In On Riskified
Hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC boosted its holdings in shares of Riskified by 335.3% during the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company's stock worth $3,953,000 after purchasing an additional 612,719 shares during the period. Clearline Capital LP grew its stake in shares of Riskified by 23.8% in the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company's stock worth $14,536,000 after purchasing an additional 597,765 shares during the last quarter. Harvey Partners LLC grew its position in shares of Riskified by 20.4% in the 3rd quarter. Harvey Partners LLC now owns 3,093,000 shares of the company's stock worth $14,475,000 after buying an additional 523,855 shares during the last quarter. Anson Funds Management LP increased its position in 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 during the period. Finally, TFJ Management LLC increased its position in shares of Riskified by 31.7% during the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company's stock valued at $6,524,000 after buying an additional 335,399 shares during the period. 58.98% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Riskified from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 30th. Truist Financial dropped their price objective on Riskified from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Thursday, March 5th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $5.96.
Check Out Our Latest Stock Analysis 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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