Ravi Kumaraswami Sells 33,399 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 33,399 shares of Riskified stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $5.00, for a total value of $166,995.00. Following the completion of the sale, the insider directly owned 1,865,213 shares of the company’s stock, valued at approximately $9,326,065. This represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 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 Trading Down 0.5%

Shares of NYSE RSKD traded down $0.03 on Monday, reaching $5.04. 1,076,902 shares of the company traded hands, compared to its average volume of 827,019. The stock has a market capitalization of $745.94 million, a PE ratio of -45.77 and a beta of 1.40. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $5.68. The company has a 50 day moving average of $4.77 and a 200 day moving average of $4.59.

Riskified (NYSE:RSKD) last released its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) 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 business had revenue of $88.27 million for the quarter, compared to analysts’ expectations of $87.72 million. As a group, research analysts expect that Riskified Ltd. will post -0.01 earnings per share for the current year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Riskified

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in Riskified during the 2nd quarter worth $36,000. Man Group plc acquired a new position in shares of Riskified during the fourth quarter worth about $50,000. Virtu Financial LLC purchased a new stake in shares of Riskified in the third quarter worth about $51,000. Invesco Ltd. purchased a new stake in shares of Riskified in the first quarter worth about $51,000. Finally, T3 Companies LLC acquired a new stake in shares of Riskified in the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Company Profile

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.