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

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 65,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $6.24, for a total transaction of $405,600.00. Following the completion of the sale, the insider directly 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 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 transaction of $500.00.
• On Thursday, June 25th, Ravi Kumaraswami sold 33,399 shares of Riskified stock. The stock was sold at an average price of $5.00, for a total transaction 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 stock was 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 Trading Down 2.4%

Shares of RSKD opened at $6.01 on Thursday. The company has a market capitalization of $891.12 million, a price-to-earnings ratio of -54.68 and a beta of 1.38. The stock has a 50 day moving average of $5.26 and a 200 day moving average of $4.74. Riskified Ltd. has a 12 month low of $3.70 and a 12 month high of $6.61.

Riskified (NYSE:RSKD) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $98.69 million for the quarter, compared to analyst estimates of $89.18 million. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%.

Analysts Set New Price Targets

A number of research firms recently issued reports on RSKD. DA Davidson raised their price objective on shares of Riskified from $6.00 to $7.50 and gave the stock a “buy” rating in a report on Thursday, August 13th. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. The Goldman Sachs Group increased their target price on shares of Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a research report on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.50.

Institutional Investors Weigh In On Riskified

A number of hedge funds and other institutional investors have recently bought and sold shares of RSKD. Invesco Ltd. purchased a new stake in shares of Riskified during the first quarter worth $51,000. Russell Investments Group Ltd. grew its position in shares of Riskified by 178.2% in the second quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock valued at $1,125,000 after purchasing an additional 144,431 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Riskified during the 2nd quarter valued at $1,453,000. Qube Research & Technologies Ltd raised its stake in shares of Riskified by 7.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock valued at $1,355,000 after purchasing an additional 18,690 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Riskified during the 2nd quarter valued at $36,000. 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.