Ravi Kumaraswami Sells 33,601 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 33,601 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $5.00, for a total value of $168,005.00. Following the completion of the transaction, the insider directly owned 1,898,612 shares in the company, valued at approximately $9,493,060. This trade represents a 1.74% decrease in their position. The transaction was disclosed in a document filed 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 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 shares were sold at an average price of $4.91, for a total value of $294,600.00.

Riskified Stock Performance

NYSE:RSKD traded up $0.06 during mid-day trading on Tuesday, hitting $4.92. The company had a trading volume of 1,485,812 shares, compared to its average volume of 804,724. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $5.68. The firm has a market cap of $728.90 million, a P/E ratio of -44.73 and a beta of 1.40. The business’s fifty day moving average is $4.70 and its two-hundred day moving average is $4.59.

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

Institutional Investors Weigh In On Riskified

A number of hedge funds and other institutional investors have recently bought and sold shares of RSKD. Renaissance Technologies LLC lifted its stake in Riskified by 1.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after acquiring an additional 22,100 shares in the last quarter. Modern Wealth Management LLC bought a new position in shares of Riskified during the 1st quarter worth approximately $56,000. Sei Investments Co. raised its holdings in shares of Riskified by 87.4% in the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock valued at $1,396,000 after purchasing an additional 166,099 shares during the last quarter. State of Wyoming raised its holdings in shares of Riskified by 16.4% in the first quarter. State of Wyoming now owns 107,785 shares of the company’s stock valued at $423,000 after purchasing an additional 15,195 shares during the last quarter. Finally, R Squared Ltd lifted its position in shares of 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 purchasing an additional 7,257 shares in the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

RSKD has been the subject of a number of research reports. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Truist Financial reduced their price target 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 equities 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 company’s stock. According to data from MarketBeat.com, the company presently 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.