Ravi Kumaraswami Sells 60,000 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 60,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $4.91, for a total transaction of $294,600.00. Following the completion of the sale, the insider owned 1,935,113 shares of the company’s stock, valued at approximately $9,501,404.83. The trade was a 3.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Riskified Stock Down 0.3%

Shares of NYSE:RSKD opened at $4.94 on Friday. The firm has a fifty day moving average of $4.69 and a two-hundred day moving average of $4.59. Riskified Ltd. has a 12-month low of $3.70 and a 12-month high of $5.68. The firm has a market capitalization of $731.42 million, a P/E ratio of -44.88 and a beta of 1.40.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $87.72 million. Equities research analysts expect that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Truist Financial lowered their price target 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 issued a Sell rating to the stock. Based on data from MarketBeat, Riskified presently has an average rating of “Hold” and a consensus target price of $5.96.

Hedge Funds Weigh In On Riskified

Several institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of Riskified during the 2nd quarter worth about $36,000. Man Group plc bought a new position in shares of Riskified in the 4th quarter valued at approximately $50,000. Virtu Financial LLC acquired a new stake in Riskified in the 3rd quarter worth approximately $51,000. Invesco Ltd. acquired a new stake in Riskified in the 1st quarter worth approximately $51,000. Finally, T3 Companies LLC bought a new stake in Riskified during the fourth quarter worth approximately $54,000. 58.98% of the stock is currently owned by institutional investors.

Riskified Company Profile

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.