Erez Shachar, a director at Riskified Ltd. (NASDAQ: RSKD), has completed a series of indirect share sales totaling $1,147,415. The transactions, which occurred on June 12 and June 15, 2026, involved the disposal of 231,124 Class A Ordinary Shares. The weighted average price per share for these transactions ranged from $4.9577 to $4.9706. The stock is currently trading at $4.96, a level very close to the transaction prices. Market analysis suggests the company may be undervalued relative to its current price point.
On June 12, 2026, Mr. Shachar sold 109,262 Class A Ordinary Shares at a weighted average price of $4.9577 per share. These shares were sold through multiple transactions with prices ranging from $4.89 to $5.00. Subsequently, on June 15, 2026, an additional 121,862 Class A Ordinary Shares were sold at a weighted average price of $4.9706 per share. The sales for this second transaction occurred at prices between $4.94 and $5.00.
All of these sales were executed indirectly, representing Class A Ordinary Shares held by Qumra Capital I L.P. and Qumra Capital I Continuation Fund L.P., collectively referred to as Qumra Capital. Mr. Shachar serves as a Managing Partner of Qumra Capital but disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest. Following these transactions, Qumra Capital holds 4,464,925 Class A Ordinary Shares. Mr. Shachar also directly holds 80,053 Class A Ordinary Shares, which include outstanding restricted stock units (RSUs). He disclaims beneficial ownership of these direct holdings as well, stating they are held for the benefit of Qumra Capital, except for his pecuniary interest. The company maintains a "GOOD" financial health rating with more cash than debt on its balance sheet.
In other recent developments, Riskified Ltd. announced a new authorization for the repurchase of up to $75 million of its Class A ordinary shares. This decision follows the company's existing $375 million share repurchase programs, with approximately $344.4 million already utilized. Additionally, Riskified reported its first-quarter 2026 earnings per share (EPS) at -$0.03, missing the forecasted $0.04. However, the company's revenue slightly exceeded expectations, reaching $88.27 million compared to the projected $87.9 million.
DA Davidson reiterated a Buy rating on Riskified's stock, maintaining a price target of $6.00, following the company's quarterly results. The firm highlighted that Riskified exceeded consensus expectations on both revenue and earnings, driven by new business wins and upselling activities. These developments suggest positive momentum for Riskified in the market. The stock's positive reaction in pre-market trading reflects investor optimism about the company's performance and outlook.