Riskified (NYSE:RSKD) Insider Sells $168,005.00 in Stock

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 33,601 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $5.00, for a total value of $168,005.00. Following the sale, the insider directly owned 1,898,612 shares of the company’s stock, valued at approximately $9,493,060. This trade represents a 1.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 shares were sold at an average price of $4.91, for a total value of $294,600.00.

Riskified Trading Up 0.7%

NYSE RSKD opened at $4.91 on Friday. The stock has a market cap of $728.01 million, a PE ratio of -44.67 and a beta of 1.40. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.68. The stock has a fifty day simple moving average of $4.75 and a 200-day simple moving average of $4.59.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $88.27 million for the quarter, compared to analyst estimates of $87.72 million. Research analysts predict that Riskified Ltd. will post -0.01 EPS for the current year.

Hedge Funds Weigh In On Riskified

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Riskified during the second quarter worth about $36,000. Man Group plc purchased a new position in shares of Riskified in the fourth quarter valued at approximately $50,000. T3 Companies LLC acquired a new position in shares of Riskified in the fourth quarter valued at approximately $54,000. Orion Porfolio Solutions LLC acquired a new position in shares of Riskified in the second quarter valued at approximately $54,000. Finally, Virtu Financial LLC purchased a new stake in Riskified during the 3rd quarter worth approximately $51,000. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RSKD shares. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Truist Financial dropped their target price on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Riskified currently has a consensus rating of “Hold” and a consensus target price of $5.96.

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.