Insider Selling: Riskified (NYSE:RSKD) Insider Sells $14,500.00 in Stock

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 2,900 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $5.00, for a total transaction of $14,500.00. Following the completion of the transaction, the insider owned 1,932,213 shares of the company’s stock, valued at $9,661,065. This trade represents a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 16th, Ravi Kumaraswami sold 60,000 shares of Riskified stock. The shares were sold at an average price of $4.91, for a total transaction of $294,600.00.

Riskified Stock Performance

Riskified stock traded down $0.07 during midday trading on Monday, reaching $4.88. 1,054,943 shares of the stock were exchanged, compared to its average volume of 798,840. Riskified Ltd. has a 52 week low of $3.70 and a 52 week high of $5.68. The firm has a market cap of $723.71 million, a PE ratio of -44.41 and a beta of 1.40. The company’s fifty day moving average is $4.69 and its 200-day moving average is $4.59.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm had revenue of $88.27 million during the quarter, compared to the consensus estimate of $87.72 million. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. On average, sell-side analysts anticipate that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms 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 price target on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Three research 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.96.

Hedge Funds Weigh In On Riskified

A number of hedge funds and other institutional investors have recently bought and sold shares of RSKD. Renaissance Technologies LLC grew its position in Riskified by 1.7% during the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after acquiring an additional 22,100 shares during the last quarter. Modern Wealth Management LLC bought a new stake in shares of Riskified in the 1st quarter worth approximately $56,000. Sei Investments Co. lifted its holdings in shares of Riskified by 87.4% in the 1st quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock worth $1,396,000 after acquiring an additional 166,099 shares during the last quarter. State of Wyoming boosted its stake in shares of Riskified by 16.4% in the 1st quarter. State of Wyoming now owns 107,785 shares of the company’s stock valued at $423,000 after purchasing an additional 15,195 shares in the last quarter. Finally, R Squared Ltd boosted its stake in shares of Riskified by 57.8% in the 1st quarter. R Squared Ltd now owns 19,813 shares of the company’s stock valued at $78,000 after purchasing an additional 7,257 shares in the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.

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.