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

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 65,000 shares of Riskified stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $6.18, for a total transaction of $401,700.00. Following the transaction, the insider directly owned 1,551,246 shares in the company, valued at approximately $9,586,700.28. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a 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.

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

• On Monday, August 17th, Ravi Kumaraswami sold 65,000 shares of Riskified stock. The stock was sold at an average price of $6.24, for a total transaction of $405,600.00.
• On Friday, June 26th, Ravi Kumaraswami sold 100 shares of Riskified stock. The stock was 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 shares were 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 shares were sold at an average price of $5.00, for a total transaction of $168,005.00.

Riskified Trading Up 0.9%

NYSE:RSKD opened at $6.25 on Thursday. The firm’s fifty day simple moving average is $5.74 and its 200 day simple moving average is $4.99. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $6.98. The firm has a market capitalization of $926.68 million, a price-to-earnings ratio of -56.86 and a beta of 1.38.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%.The firm had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. On average, analysts predict that Riskified Ltd. will post -0.03 earnings per share for the current year.

Institutional Trading of Riskified

Large investors have recently modified their holdings of the business. Renaissance Technologies LLC lifted its stake in shares of Riskified by 1.7% in the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock worth $5,327,000 after acquiring an additional 22,100 shares in the last quarter. Sei Investments Co. grew its stake in Riskified by 87.4% during the 1st quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock valued at $1,396,000 after purchasing an additional 166,099 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Riskified during the 2nd quarter valued at approximately $1,505,000. Tidal Investments LLC increased its holdings in Riskified by 142.3% during the 2nd quarter. Tidal Investments LLC now owns 214,731 shares of the company’s stock worth $1,082,000 after purchasing an additional 126,121 shares during the last quarter. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in Riskified during the 4th quarter worth approximately $1,019,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on RSKD. DA Davidson reiterated a “buy” rating and set a $7.50 target price on shares of Riskified in a report on Monday, August 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a report on Friday, August 14th. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research note on Thursday, August 13th. Finally, The Goldman Sachs Group boosted their target price on shares of Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Two equities research 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.com, the company has an average rating of “Hold” and a consensus price target of $6.50.

More Riskified News

Here are the key news stories impacting Riskified this week:

• Positive Sentiment: Riskified announced that its Identity Risk Intelligence technology is being integrated into Zendesk’s workflow. The integration will provide retailers with real-time signals to help customer-service agents resolve return claims faster while identifying potential returns fraud. The initiative could expand Riskified’s reach among Zendesk customers and support demand for its fraud-prevention platform. Riskified Brings Identity Risk Intelligence to Zendesk
• Neutral Sentiment: Brokerages have assigned Riskified a consensus rating of “Hold,” suggesting analysts see balanced upside and downside rather than a strong near-term catalyst. The rating could temper buying interest despite the company’s recent operational progress. Riskified Receives Consensus Rating of Hold
• Negative Sentiment: Company insider Ravi Kumaraswami sold 65,000 shares for approximately $401,700, reducing his holdings by 4.02%. Director Erez Shachar also sold 47,651 shares for about $294,483 on September 15 and 46,780 shares for approximately $293,778 on September 14. The combined selling may raise concerns about insider confidence, although Kumaraswami’s transaction was executed under a pre-arranged Rule 10b5-1 trading plan, which can make the sale less indicative of a change in business outlook. Ravi Kumaraswami SEC filing Erez Shachar SEC filing

About Riskified

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce businesses. Its platform uses data analytics, machine learning and network insights to help merchants distinguish legitimate customers from fraudulent transactions, reduce payment-related losses and improve the online shopping experience.

The company’s product offerings include solutions designed to protect merchants from chargebacks, identify and prevent policy abuse, secure customer accounts and support payment approval decisions.