Riskified (NYSE:RSKD) Insider Ravi Kumaraswami Sells 2,900 Shares

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 2,900 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $5.00, for a total value of $14,500.00. Following the completion of the transaction, the insider directly owned 1,932,213 shares of the company’s stock, valued at $9,661,065. This represents a 0.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 Tuesday, June 16th, Ravi Kumaraswami sold 60,000 shares of Riskified stock. The shares were sold at an average price of $4.91, for a total value of $294,600.00.

Riskified Stock Down 1.3%

NYSE RSKD opened at $4.88 on Tuesday. The firm has a market capitalization of $723.71 million, a PE ratio of -44.41 and a beta of 1.40. The stock’s 50 day moving average is $4.70 and its 200 day moving average is $4.59. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.68.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%.The business had revenue of $88.27 million during the quarter, compared to the consensus estimate of $87.72 million. On average, research analysts anticipate that Riskified Ltd. will post -0.01 earnings per share for the current year.

Institutional Trading of Riskified

Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its position in Riskified by 1.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock worth $1,502,000 after buying an additional 2,900 shares during the last quarter. FNY Investment Advisers LLC grew its stake in shares of Riskified by 24.8% in the third quarter. FNY Investment Advisers LLC now owns 15,110 shares of the company’s stock worth $70,000 after acquiring an additional 3,000 shares during the period. ARK Investment Management LLC boosted its holdings in Riskified by 1.2% in the third quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock worth $1,724,000 after purchasing an additional 4,248 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Riskified by 5.5% in the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock worth $464,000 after purchasing an additional 4,826 shares during the last quarter. Finally, Swiss National Bank grew its position in Riskified by 3.1% in the 4th quarter. Swiss National Bank now owns 167,513 shares of the company’s stock worth $833,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 58.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on RSKD. Truist Financial lowered 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. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.96.

About Riskified

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.