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

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 65,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $6.24, for a total value of $405,600.00. Following the completion of the transaction, the insider owned 1,616,246 shares of the company’s stock, valued at $10,085,375.04. The trade was a 3.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 Friday, June 26th, Ravi Kumaraswami sold 100 shares of Riskified stock. The shares were sold at an average price of $5.00, for a total value of $500.00.
• On Thursday, June 25th, Ravi Kumaraswami sold 33,399 shares of Riskified stock. The shares were sold at an average price of $5.00, for a total value of $166,995.00.
• 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 value 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 value 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 2.1%

NYSE RSKD traded down $0.14 on Tuesday, hitting $6.17. The company’s stock had a trading volume of 4,523,664 shares, compared to its average volume of 901,574. Riskified Ltd. has a 1-year low of $3.70 and a 1-year high of $6.61. The company’s 50-day moving average is $5.21 and its 200 day moving average is $4.71. The firm has a market cap of $913.36 million, a PE ratio of -56.05 and a beta of 1.38.

Riskified (NYSE:RSKD) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $89.18 million.

Institutional Investors Weigh In On Riskified

Several large investors have recently added to or reduced their stakes in RSKD. Raymond James Financial Inc. bought a new position in shares of Riskified during the 2nd quarter worth approximately $36,000. Man Group plc bought a new stake in shares of Riskified in the 4th quarter valued at $50,000. Virtu Financial LLC acquired a new position in shares of Riskified during the 3rd quarter valued at $51,000. Invesco Ltd. bought a new position in Riskified during the first quarter worth $51,000. Finally, T3 Companies LLC bought a new position in Riskified during the fourth quarter worth $54,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RSKD shares. DA Davidson increased their price target on Riskified from $6.00 to $7.50 and gave the company a “buy” rating in a research note on Thursday, August 13th. Keefe, Bruyette & Woods increased their target price on shares of Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research report on Thursday, August 13th. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. UBS Group boosted their price target on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a research note on Friday. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.50.

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.