Riskified (NYSE:RSKD) Insider Sells $405,600.00 in Stock

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 65,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $6.24, for a total transaction of $405,600.00. Following the completion of the transaction, the insider directly owned 1,616,246 shares of the company’s stock, valued at approximately $10,085,375.04. The trade was a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 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.
• On Wednesday, June 17th, Ravi Kumaraswami sold 2,900 shares of Riskified stock. The stock was 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 transaction of $294,600.00.

Riskified Stock Down 1.2%

NYSE RSKD opened at $5.95 on Friday. The firm’s 50 day moving average is $5.28 and its 200-day moving average is $4.75. The company has a market capitalization of $881.49 million, a PE ratio of -54.09 and a beta of 1.38. Riskified Ltd. has a 12-month low of $3.70 and a 12-month high of $6.61.

Riskified (NYSE:RSKD) last announced its earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. The business had revenue of $98.69 million during the quarter, compared to analysts’ expectations of $89.18 million.

Analyst Upgrades and Downgrades

RSKD has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. The Goldman Sachs Group boosted their price target on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. DA Davidson upped their price objective on Riskified from $6.00 to $7.50 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, Keefe, Bruyette & Woods increased their price objective on Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Riskified has a consensus rating of “Hold” and a consensus target price of $6.50.

Institutional Investors Weigh In On Riskified

Hedge funds have recently bought and sold shares of the company. Invesco Ltd. bought a new position in Riskified during the first quarter worth about $51,000. Russell Investments Group Ltd. lifted its position in shares of Riskified by 178.2% in 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 last quarter. Marshall Wace LLP acquired a new stake in shares of Riskified in the second quarter valued at approximately $1,453,000. Qube Research & Technologies Ltd boosted its stake in shares of Riskified by 7.4% during the 2nd 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 period. Finally, Raymond James Financial Inc. bought a new position in shares of Riskified during the 2nd quarter worth approximately $36,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

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.