Riskified (NYSE:RSKD) Insider Ravi Kumaraswami Sells 33,399 Shares

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 33,399 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $5.00, for a total transaction of $166,995.00. Following the transaction, the insider owned 1,865,213 shares in the company, valued at $9,326,065. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ravi Kumaraswami also recently made the following trade(s):

• On Friday, June 26th, Ravi Kumaraswami sold 100 shares of Riskified stock. The stock was sold at an average price of $5.00, for a total value of $500.00.
• On Monday, June 22nd, Ravi Kumaraswami sold 33,601 shares of Riskified stock. The stock was sold at an average price of $5.00, for a total value of $168,005.00.
• On Wednesday, June 17th, Ravi Kumaraswami sold 2,900 shares of Riskified stock. The shares were sold at an average price of $5.00, for a total value of $14,500.00.
• On Tuesday, June 16th, Ravi Kumaraswami sold 60,000 shares of Riskified stock. The stock was sold at an average price of $4.91, for a total value of $294,600.00.

Riskified Price Performance

RSKD traded down $0.03 during trading on Monday, reaching $5.04. 1,076,902 shares of the stock were exchanged, compared to its average volume of 827,019. The company has a market capitalization of $745.94 million, a price-to-earnings ratio of -45.77 and a beta of 1.40. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $5.68. The business’s 50 day moving average price is $4.77 and its two-hundred day moving average price is $4.59.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share 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%. On average, analysts anticipate that Riskified Ltd. will post -0.01 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on RSKD. Truist Financial reduced their price target on shares of 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 raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Riskified currently has an average rating of “Hold” and an average target price of $5.96.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. acquired a new stake in shares of Riskified during the 1st quarter worth about $51,000. Russell Investments Group Ltd. lifted its stake in shares of Riskified by 178.2% during the second quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock valued at $1,125,000 after buying an additional 144,431 shares during the period. Marshall Wace LLP acquired a new stake in Riskified during the second quarter worth approximately $1,453,000. Qube Research & Technologies Ltd boosted its position in Riskified by 7.4% during the second quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock worth $1,355,000 after acquiring an additional 18,690 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Riskified in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

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.