Riskified (NYSE:RSKD) Insider Sells 65,000 Shares of Stock

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 65,000 shares of Riskified stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $6.24, for a total value of $405,600.00. Following the transaction, the insider owned 1,616,246 shares of the company’s stock, valued at $10,085,375.04. The trade was a 3.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 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 shares were sold at an average price of $4.91, for a total value of $294,600.00.

Riskified Price Performance

RSKD stock traded down $0.14 during midday trading on Tuesday, reaching $6.17. 4,523,664 shares of the company were exchanged, compared to its average volume of 901,574. Riskified Ltd. has a one year low of $3.70 and a one year high of $6.61. The firm has a market capitalization of $913.36 million, a price-to-earnings ratio of -56.05 and a beta of 1.38. The business has a 50-day moving average price of $5.21 and a two-hundred day moving average price of $4.71.

Riskified (NYSE:RSKD) last posted its earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. The company had revenue of $98.69 million during the quarter, compared to analysts’ expectations of $89.18 million.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on RSKD shares. UBS Group upped their target price on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Keefe, Bruyette & Woods increased their price objective on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a report on Friday. Finally, The Goldman Sachs Group boosted their target price on shares of Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.50.

Institutional Trading of Riskified

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Riskified in the 2nd quarter valued at $36,000. Man Group plc bought a new position in shares of Riskified in the fourth quarter worth about $50,000. T3 Companies LLC bought a new position in shares of Riskified in the fourth quarter worth about $54,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Riskified in the 2nd quarter valued at approximately $54,000. Finally, Virtu Financial LLC bought a new stake in shares of Riskified during the 3rd quarter valued at approximately $51,000. Institutional investors own 58.98% of the company’s stock.

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.