Riskified (NYSE:RSKD) Stock: Insider Ravi Kumaraswami Sells 65,000 Shares

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 65,000 shares of Riskified stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $8.36, for a total transaction of $543,400.00. Following the transaction, the insider directly owned 1,423,665 shares of the company’s stock, valued at $11,901,839.40. This represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Tuesday, September 15th, Ravi Kumaraswami sold 65,000 shares of Riskified stock. The shares were sold at an average price of $6.18, for a total transaction of $401,700.00.
• On Monday, August 17th, Ravi Kumaraswami sold 65,000 shares of Riskified stock. The shares were sold at an average price of $6.24, for a total transaction of $405,600.00.

Riskified Trading Down 4.5%

Shares of Riskified stock opened at $8.22 on Friday. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -74.77 and a beta of 1.25. Riskified Ltd. has a 1-year low of $3.70 and a 1-year high of $8.78. The firm’s 50-day moving average price is $6.86 and its two-hundred day moving average price is $5.52.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. The company had revenue of $98.69 million during the quarter, compared to analyst estimates of $89.18 million. As a group, equities research analysts predict that Riskified Ltd. will post -0.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on RSKD. The Goldman Sachs Group increased their price target on Riskified from $5.50 to $7.50 and gave the stock a “sell” rating in a research report on Tuesday. Truist Financial lifted their price objective on Riskified from $7.50 to $9.00 and gave the company a “buy” rating in a research report on Monday, September 28th. Keefe, Bruyette & Woods boosted their price objective on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research note on Thursday, August 13th. DA Davidson reissued a “buy” rating and issued a $7.50 price objective on shares of Riskified in a research note on Monday, August 24th. Finally, Zacks Research cut Riskified from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Riskified currently has an average rating of “Reduce” and a consensus price target of $7.17.

Hedge Funds Weigh In On Riskified

Large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue bought a new stake in shares of Riskified during the third quarter valued at approximately $41,000. R Squared Ltd raised its position in Riskified by 57.8% in the 1st quarter. R Squared Ltd now owns 19,813 shares of the company’s stock worth $78,000 after purchasing an additional 7,257 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in Riskified by 13.7% during the 2nd quarter. Engineers Gate Manager LP now owns 64,591 shares of the company’s stock worth $326,000 after buying an additional 7,799 shares in the last quarter. Modern Wealth Management LLC acquired a new position in Riskified during the 1st quarter worth $56,000. Finally, State of Wyoming lifted its holdings in Riskified by 16.4% during the 1st quarter. State of Wyoming now owns 107,785 shares of the company’s stock worth $423,000 after buying an additional 15,195 shares in the last quarter. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Riskified Company Profile

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce merchants. Its platform uses data analytics, machine learning and behavioral insights to help online businesses distinguish legitimate customers from fraudulent activity while reducing friction during the purchasing process.

The company’s products are designed to address risks across the digital commerce lifecycle, including payment fraud, chargebacks, account takeover, policy abuse and other forms of customer or transaction abuse.