Riskified (NYSE:RSKD) Insider Ravi Kumaraswami Sells 33,601 Shares

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 33,601 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $5.00, for a total value of $168,005.00. Following the sale, the insider directly owned 1,898,612 shares of the company’s stock, valued at approximately $9,493,060. This trade represents a 1.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 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 transaction 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 Up 1.2%

Shares of RSKD opened at $4.92 on Wednesday. The stock has a market capitalization of $728.91 million, a P/E ratio of -44.73 and a beta of 1.40. The firm has a fifty day simple moving average of $4.72 and a two-hundred day simple moving average of $4.59. Riskified Ltd. has a twelve month low of $3.70 and a twelve month high of $5.68.

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

Wall Street Analysts Forecast Growth

RSKD has been the topic of a number of research analyst reports. Truist Financial reduced 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. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.96.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its holdings in shares of Riskified by 1.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock valued at $1,502,000 after purchasing an additional 2,900 shares during the last quarter. FNY Investment Advisers LLC grew its stake in shares of Riskified by 24.8% in the 3rd quarter. FNY Investment Advisers LLC now owns 15,110 shares of the company’s stock worth $70,000 after buying an additional 3,000 shares during the last quarter. ARK Investment Management LLC grew its stake in shares of Riskified by 1.2% in the 3rd quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock worth $1,724,000 after buying an additional 4,248 shares during the last quarter. California State Teachers Retirement System increased its position in Riskified by 5.5% during the 2nd quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock valued at $464,000 after buying an additional 4,826 shares in the last quarter. Finally, Swiss National Bank raised its stake in Riskified by 3.1% during the fourth quarter. Swiss National Bank now owns 167,513 shares of the company’s stock valued at $833,000 after buying an additional 5,000 shares during the last quarter. 58.98% of the stock is currently owned by institutional investors.

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.