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

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 65,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $8.36, for a total transaction of $543,400.00. Following the completion of the transaction, the insider directly owned 1,423,665 shares of the company’s stock, valued at approximately $11,901,839.40. This trade represents a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through 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 Tuesday, September 15th, Ravi Kumaraswami sold 65,000 shares of Riskified stock. The shares were sold at an average price of $6.18, for a total transaction of $401,700.00.
• On Monday, August 17th, Ravi Kumaraswami sold 65,000 shares of Riskified stock. The shares were sold at an average price of $6.24, for a total transaction of $405,600.00.

Riskified Stock Performance

RSKD stock traded up $0.54 during midday trading on Thursday, reaching $8.63. 4,246,213 shares of the company’s stock traded hands, compared to its average volume of 1,200,490. The firm has a market capitalization of $1.28 billion, a PE ratio of -78.47 and a beta of 1.25. The company has a 50-day moving average price of $6.73 and a two-hundred day moving average price of $5.47. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $8.78.

Riskified (NYSE:RSKD) last posted its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%. The firm had revenue of $98.69 million for the quarter, compared to the consensus estimate of $89.18 million. As a group, analysts predict that Riskified Ltd. will post -0.03 EPS for the current fiscal year.

Institutional Trading of Riskified

Large investors have recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new position in shares of Riskified during the third quarter worth about $41,000. R Squared Ltd raised its stake in Riskified by 57.8% in the first quarter. R Squared Ltd now owns 19,813 shares of the company’s stock valued at $78,000 after purchasing an additional 7,257 shares in the last quarter. Engineers Gate Manager LP raised its stake in Riskified by 13.7% in the second quarter. Engineers Gate Manager LP now owns 64,591 shares of the company’s stock valued at $326,000 after purchasing an additional 7,799 shares in the last quarter. Modern Wealth Management LLC bought a new stake in Riskified during the first quarter valued at approximately $56,000. Finally, State of Wyoming lifted its position in Riskified by 16.4% during 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. Institutional investors own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

RSKD has been the topic of a number of recent research reports. Zacks Research cut Riskified from a “hold” rating to a “strong sell” rating in a report on Monday. UBS Group increased their price target on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Keefe, Bruyette & Woods boosted their price objective on shares of Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research note on Thursday, August 13th. The Goldman Sachs Group upped their target price on shares of Riskified from $5.50 to $7.50 and gave the stock a “sell” rating in a report on Tuesday. Finally, Truist Financial upped their target price on shares of Riskified from $7.50 to $9.00 and gave the stock a “buy” rating in a report on Monday, September 28th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Riskified has an average rating of “Reduce” and an average target price of $7.17.

About Riskified

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce merchants. Its platform uses data analytics, machine learning and behavioral insights to help online businesses distinguish legitimate customers from fraudulent activity while reducing friction during the purchasing process.

The company’s products are designed to address risks across the digital commerce lifecycle, including payment fraud, chargebacks, account takeover, policy abuse and other forms of customer or transaction abuse.