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

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 65,000 shares of the business’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $8.36, for a total transaction of $543,400.00. Following the transaction, the insider directly owned 1,423,665 shares of the company’s stock, valued at approximately $11,901,839.40. This represents a 4.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Tuesday, September 15th, Ravi Kumaraswami sold 65,000 shares of Riskified stock. The shares were sold at an average price of $6.18, for a total transaction of $401,700.00.
• On Monday, August 17th, Ravi Kumaraswami sold 65,000 shares of Riskified stock. The shares were sold at an average price of $6.24, for a total value of $405,600.00.

Riskified Stock Up 6.7%

RSKD opened at $8.63 on Friday. The stock’s 50 day moving average price is $6.80 and its two-hundred day moving average price is $5.50. The firm has a market capitalization of $1.28 billion, a P/E ratio of -78.47 and a beta of 1.25. Riskified Ltd. has a 12-month low of $3.70 and a 12-month high of $8.78.

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. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%. The company had revenue of $98.69 million during the quarter, compared to analyst estimates of $89.18 million. As a group, analysts anticipate that Riskified Ltd. will post -0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RSKD shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a report on Friday, August 14th. The Goldman Sachs Group increased their price objective on shares of Riskified from $5.50 to $7.50 and gave the company a “sell” rating in a research note on Tuesday. Keefe, Bruyette & Woods increased 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. UBS Group raised their price objective on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Finally, Truist Financial lifted their target price on shares of Riskified from $7.50 to $9.00 and gave the company a “buy” rating in a research report on Monday, September 28th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Riskified presently has a consensus rating of “Reduce” and a consensus target price of $7.17.

Hedge Funds Weigh In On Riskified

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSKD. Renaissance Technologies LLC grew its stake in Riskified by 1.7% during the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock worth $5,327,000 after buying an additional 22,100 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Riskified by 87.4% during the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock worth $1,396,000 after purchasing an additional 166,099 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Riskified during the second quarter worth $1,505,000. Tidal Investments LLC raised its holdings in shares of Riskified by 142.3% in the second quarter. Tidal Investments LLC now owns 214,731 shares of the company’s stock valued at $1,082,000 after buying an additional 126,121 shares during the last quarter. Finally, State of Wyoming increased its position in Riskified by 16.4% in the 1st quarter. State of Wyoming now owns 107,785 shares of the company’s stock valued at $423,000 after acquiring an additional 15,195 shares in the last quarter. 58.98% of the stock is currently owned by institutional investors and hedge funds.

About Riskified

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce merchants. Its platform uses data analytics, machine learning and behavioral insights to help online businesses distinguish legitimate customers from fraudulent activity while reducing friction during the purchasing process.

The company’s products are designed to address risks across the digital commerce lifecycle, including payment fraud, chargebacks, account takeover, policy abuse and other forms of customer or transaction abuse.