Riskified (NYSE:RSKD) Insider Sells 2,900 Shares of Stock

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

Riskified Stock Performance

Shares of Riskified stock traded down $0.07 on Monday, hitting $4.88. The stock had a trading volume of 1,054,943 shares, compared to its average volume of 798,840. The stock has a 50 day moving average of $4.69 and a 200 day moving average of $4.59. The firm has a market capitalization of $723.71 million, a P/E ratio of -44.41 and a beta of 1.40. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.68.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Truist Financial dropped their price objective on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. 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. Based on data from MarketBeat.com, Riskified currently has an average rating of “Hold” and a consensus target price of $5.96.

Hedge Funds Weigh In On Riskified

Institutional investors have recently modified their holdings of the business. Harvey Partners LLC boosted its position in Riskified by 20.4% during the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock worth $14,475,000 after purchasing an additional 523,855 shares during the period. Clearline Capital LP raised its position in shares of Riskified by 23.8% in the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after purchasing an additional 597,765 shares during the period. TFJ Management LLC lifted its stake in shares of Riskified by 31.7% during the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock valued at $6,524,000 after buying an additional 335,399 shares in the last quarter. Globeflex Capital L P purchased a new stake in shares of Riskified during the 4th quarter valued at approximately $736,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new position in Riskified in the 4th quarter worth approximately $1,019,000. 58.98% of the stock is owned by institutional investors.

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.