Riskified (NYSE:RSKD) Insider Ravi Kumaraswami Sells 60,000 Shares

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $4.91, for a total transaction of $294,600.00. Following the transaction, the insider directly owned 1,935,113 shares in the company, valued at $9,501,404.83. This trade represents a 3.01% decrease in their position. The transaction 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.

Riskified Price Performance

Shares of NYSE:RSKD traded up $0.03 during trading hours on Thursday, hitting $4.94. The company’s stock had a trading volume of 1,188,921 shares, compared to its average volume of 796,605. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $5.68. The company has a market capitalization of $731.42 million, a price-to-earnings ratio of -44.88 and a beta of 1.40. The firm’s fifty day moving average price is $4.65 and its 200 day moving average price is $4.59.

Riskified (NYSE:RSKD) last announced its quarterly earnings results 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. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. The firm had revenue of $88.27 million during the quarter, compared to analysts’ expectations of $87.72 million. On average, equities research analysts predict that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RSKD shares. Truist Financial lowered their target price on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Riskified currently has an average rating of “Hold” and a consensus price target of $5.96.

Institutional Trading of Riskified

Several hedge funds and other institutional investors have recently made changes to their positions in RSKD. Raymond James Financial Inc. acquired a new stake in shares of Riskified in the 2nd quarter worth $36,000. Man Group plc acquired a new position in Riskified during the 4th quarter valued at about $50,000. T3 Companies LLC acquired a new position in Riskified during the 4th quarter valued at about $54,000. Orion Porfolio Solutions LLC purchased a new stake in Riskified in the second quarter valued at about $54,000. Finally, Virtu Financial LLC acquired a new stake in Riskified in the third quarter worth about $51,000. Hedge funds and other 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.