Riskified (NYSE:RSKD) Insider Sells $294,600.00 in Stock

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

Riskified Price Performance

Shares of NYSE RSKD opened at $4.94 on Friday. The stock has a market capitalization of $731.42 million, a price-to-earnings ratio of -44.88 and a beta of 1.40. Riskified Ltd. has a 12 month low of $3.70 and a 12 month high of $5.68. The firm’s 50 day simple moving average is $4.69 and its 200-day simple moving average is $4.59.

Riskified (NYSE:RSKD) last posted its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, beating 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 analyst estimates of $87.72 million. Analysts anticipate that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RSKD has been the subject of a number of recent analyst reports. Truist Financial cut their price objective on shares of 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 shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Three investment 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.96.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in shares of Riskified during the 2nd quarter worth approximately $36,000. Man Group plc acquired a new stake in Riskified in the 4th quarter valued at $50,000. Virtu Financial LLC acquired a new stake in Riskified in the 3rd quarter valued at $51,000. Invesco Ltd. purchased a new stake in Riskified in the 1st quarter worth $51,000. Finally, T3 Companies LLC purchased a new stake in Riskified in the 4th quarter worth $54,000. 58.98% of the stock is owned by institutional investors and hedge funds.

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.