Riskified (NYSE:RSKD) Insider Sells $166,995.00 in Stock

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 33,399 shares of the stock in a transaction 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 transaction, the insider directly owned 1,865,213 shares in the company, valued at approximately $9,326,065. This represents a 1.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 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 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 shares were sold at an average price of $4.91, for a total value of $294,600.00.

Riskified Price Performance

Shares of RSKD stock opened at $5.03 on Thursday. The business has a 50-day moving average of $4.80 and a 200 day moving average of $4.59. Riskified Ltd. has a 1-year low of $3.70 and a 1-year high of $5.68. The stock has a market capitalization of $744.45 million, a PE ratio of -45.68 and a beta of 1.38.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share 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 return on equity of 3.91% and a negative net margin of 5.17%. Analysts anticipate that Riskified Ltd. will post -0.01 EPS for the current year.

Institutional Trading of Riskified

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harvey Partners LLC increased its position in Riskified by 20.4% during the 3rd quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after purchasing an additional 523,855 shares during the period. Clearline Capital LP lifted its position in shares of Riskified by 23.8% in the 3rd quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock worth $14,536,000 after purchasing an additional 597,765 shares during the period. TFJ Management LLC lifted its position in shares of Riskified by 31.7% in the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after purchasing an additional 335,399 shares during the period. Globeflex Capital L P bought a new stake in shares of Riskified during the 4th quarter valued at about $736,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Riskified during the 4th quarter valued at about $1,019,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on RSKD. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Truist Financial lowered their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company 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 issued a Sell rating to the company’s stock. According to MarketBeat, Riskified presently has a consensus rating of “Hold” and an average price target of $5.96.

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.