Riskified (NYSE:RSKD) Insider Ravi Kumaraswami 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 shares were sold at an average price of $6.24, for a total transaction of $405,600.00. Following the completion of the sale, the insider owned 1,616,246 shares in the company, valued at approximately $10,085,375.04. This represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 transaction of $500.00.
• On Thursday, June 25th, Ravi Kumaraswami sold 33,399 shares of Riskified stock. The stock was sold at an average price of $5.00, for a total transaction of $166,995.00.
• On Monday, June 22nd, Ravi Kumaraswami sold 33,601 shares of Riskified stock. The shares were sold at an average price of $5.00, for a total transaction of $168,005.00.
• On Wednesday, June 17th, Ravi Kumaraswami sold 2,900 shares of Riskified stock. The shares were 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 stock was sold at an average price of $4.91, for a total value of $294,600.00.

Riskified Price Performance

Shares of RSKD stock opened at $6.17 on Wednesday. Riskified Ltd. has a 12-month low of $3.70 and a 12-month high of $6.61. The firm has a market capitalization of $913.34 million, a price-to-earnings ratio of -56.05 and a beta of 1.38. The business has a 50 day simple moving average of $5.24 and a 200 day simple moving average of $4.73.

Riskified (NYSE:RSKD) last announced its earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share for the quarter, meeting 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.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on RSKD shares. DA Davidson increased their target price on shares of Riskified from $6.00 to $7.50 and gave the company a “buy” rating in a research report on Thursday, August 13th. Keefe, Bruyette & Woods boosted their price target on shares of 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 reaffirmed a “sell (d-)” rating on shares of Riskified in a research note on Friday. The Goldman Sachs Group increased their price objective on shares of Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a report on Wednesday, August 12th. Finally, UBS Group boosted their target price on Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.50.

Institutional Investors Weigh In On Riskified

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Riskified in the 2nd quarter valued at about $36,000. Man Group plc acquired a new position in shares of Riskified in the 4th quarter worth approximately $50,000. Virtu Financial LLC bought a new stake in shares of Riskified in the 3rd quarter worth approximately $51,000. Invesco Ltd. bought a new stake in shares of Riskified in the 1st quarter worth approximately $51,000. Finally, T3 Companies LLC acquired a new stake in Riskified during the fourth quarter valued at approximately $54,000. 58.98% of the stock is currently owned by institutional investors.

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.