Riskified (NYSE:RSKD) Insider Sells $401,700.00 in Stock

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 65,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $6.18, for a total value of $401,700.00. Following the transaction, the insider owned 1,551,246 shares in the company, valued at $9,586,700.28. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 17th, Ravi Kumaraswami sold 65,000 shares of Riskified stock. The shares were sold at an average price of $6.24, for a total value of $405,600.00.
• On Friday, June 26th, Ravi Kumaraswami sold 100 shares of Riskified stock. The shares were sold at an average price of $5.00, for a total value of $500.00.
• On Thursday, June 25th, Ravi Kumaraswami sold 33,399 shares of Riskified stock. The shares were sold at an average price of $5.00, for a total value of $166,995.00.
• 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.

Riskified Trading Up 0.9%

Riskified stock traded up $0.06 during midday trading on Wednesday, reaching $6.25. 985,242 shares of the stock traded hands, compared to its average volume of 997,485. The company has a 50-day simple moving average of $5.72 and a two-hundred day simple moving average of $4.98. Riskified Ltd. has a 12-month low of $3.70 and a 12-month high of $6.98. The firm has a market cap of $926.68 million, a PE ratio of -56.86 and a beta of 1.38.

Riskified (NYSE:RSKD) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. The company had revenue of $98.69 million for the quarter, compared to analyst estimates of $89.18 million. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. Equities research analysts anticipate that Riskified Ltd. will post -0.03 earnings per share for the current year.

Hedge Funds Weigh In On Riskified

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. T3 Companies LLC purchased a new stake in shares of Riskified during the fourth quarter worth approximately $54,000. Modern Wealth Management LLC purchased a new position in Riskified in the first quarter worth approximately $56,000. R Squared Ltd lifted its stake in Riskified by 57.8% in the first quarter. R Squared Ltd now owns 19,813 shares of the company’s stock worth $78,000 after acquiring an additional 7,257 shares during the last quarter. 9823 Capital L.P. acquired a new position in Riskified during the 4th quarter worth approximately $182,000. Finally, Engineers Gate Manager LP grew its holdings in Riskified by 13.7% during the 2nd quarter. Engineers Gate Manager LP now owns 64,591 shares of the company’s stock worth $326,000 after acquiring an additional 7,799 shares in the last quarter. 58.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. UBS Group upped their target price on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Keefe, Bruyette & Woods boosted their price target on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research note on Thursday, August 13th. The Goldman Sachs Group upped their price objective on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.50.

Riskified Company Profile

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce businesses. Its platform uses data analytics, machine learning and network insights to help merchants distinguish legitimate customers from fraudulent transactions, reduce payment-related losses and improve the online shopping experience.

The company’s product offerings include solutions designed to protect merchants from chargebacks, identify and prevent policy abuse, secure customer accounts and support payment approval decisions.