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

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 33,399 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $5.00, for a total transaction of $166,995.00. Following the sale, the insider directly owned 1,865,213 shares of the company’s stock, valued at $9,326,065. This represents a 1.76% 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.

Ravi Kumaraswami also recently made the following trade(s):

• On Friday, June 26th, Ravi Kumaraswami sold 100 shares of Riskified stock. The stock was sold at an average price of $5.00, for a total transaction 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 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 transaction 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 transaction of $294,600.00.

Riskified Stock Down 0.5%

Shares of NYSE RSKD opened at $5.04 on Tuesday. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.68. The firm has a fifty day simple moving average of $4.78 and a 200 day simple moving average of $4.59. The company has a market capitalization of $745.95 million, a PE ratio of -45.77 and a beta of 1.40.

Riskified (NYSE:RSKD) last released its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $88.27 million for the quarter, compared to analyst estimates of $87.72 million. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. As a group, equities analysts expect that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RSKD. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. 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. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Riskified currently has a consensus rating of “Hold” and a consensus target price of $5.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. acquired a new stake in Riskified in the first quarter worth $51,000. Russell Investments Group Ltd. raised its holdings in shares of Riskified by 178.2% during the second quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock valued at $1,125,000 after purchasing an additional 144,431 shares during the period. Marshall Wace LLP acquired a new position in shares of Riskified during the second quarter valued at about $1,453,000. Qube Research & Technologies Ltd boosted its position in shares of Riskified by 7.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock worth $1,355,000 after purchasing an additional 18,690 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Riskified during the 2nd quarter worth about $36,000. 58.98% of the stock is owned by institutional investors.

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.