Insider Selling: Riskified (NYSE:RSKD) Insider Sells 60,000 Shares

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 60,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $4.91, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Riskified Stock Performance

RSKD stock traded up $0.03 during trading on Thursday, reaching $4.94. The company had a trading volume of 1,188,921 shares, compared to its average volume of 796,605. The company has a market cap of $731.42 million, a price-to-earnings ratio of -44.88 and a beta of 1.40. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.68. The firm has a 50-day simple moving average of $4.65 and a 200-day simple moving average of $4.59.

Riskified (NYSE:RSKD) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Sell-side analysts expect that Riskified Ltd. will post -0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on RSKD shares. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Truist Financial dropped their price target on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Riskified currently has an average rating of “Hold” and an average target price of $5.96.

Institutional Investors Weigh In On Riskified

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Riskified during the 2nd quarter worth about $36,000. Man Group plc acquired a new position in shares of Riskified in the 4th quarter valued at about $50,000. T3 Companies LLC acquired a new position in shares of Riskified in the 4th quarter valued at about $54,000. Orion Porfolio Solutions LLC purchased a new stake in shares of Riskified in the second quarter worth about $54,000. Finally, Virtu Financial LLC acquired a new stake in Riskified during the third quarter worth about $51,000. 58.98% of the stock is owned by hedge funds and other 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.