Riskified (NYSE:RSKD) Insider Sells $14,500.00 in Stock

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 2,900 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $5.00, for a total value of $14,500.00. Following the completion of the transaction, the insider owned 1,932,213 shares of the company’s stock, valued at approximately $9,661,065. This represents a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a 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 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 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 value of $294,600.00.

Riskified Trading Down 1.1%

NYSE RSKD opened at $4.87 on Thursday. Riskified Ltd. has a 12 month low of $3.70 and a 12 month high of $5.68. The stock has a 50 day moving average of $4.74 and a 200-day moving average of $4.59. The company has a market cap of $720.75 million, a PE ratio of -44.23 and a beta of 1.40.

Riskified (NYSE:RSKD) last issued its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. The business had revenue of $88.27 million for the quarter, compared to the consensus estimate of $87.72 million. As a group, sell-side analysts predict that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Riskified

Several hedge funds have recently added to or reduced their stakes in the business. Clearline Capital LP boosted its position in Riskified by 23.8% during the third 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. Harvey Partners LLC raised its position in shares of Riskified by 20.4% in the third 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. Nuveen LLC lifted its stake in shares of Riskified by 3.3% during the 4th quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after buying an additional 47,464 shares during the last quarter. Monimus Capital Management LP lifted its stake in shares of Riskified by 13.2% during the 4th quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock worth $6,982,000 after buying an additional 164,302 shares during the last quarter. Finally, TFJ Management LLC boosted its holdings in shares of Riskified by 31.7% during the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after buying an additional 335,399 shares during the period. Institutional investors and hedge funds own 58.98% of the company’s stock.

Wall Street Analysts Forecast Growth

RSKD has been the topic of a number of research analyst reports. 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 reduced their price target on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.96.

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.