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

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 33,601 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $5.00, for a total transaction of $168,005.00. Following the completion of the sale, the insider owned 1,898,612 shares in the company, valued at approximately $9,493,060. The trade was a 1.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 shares were 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 shares were sold at an average price of $4.91, for a total value of $294,600.00.

Riskified Trading Down 1.1%

Shares of RSKD stock 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’s 50-day moving average price is $4.74 and its 200-day moving average price is $4.59. The stock has a market capitalization of $720.75 million, a price-to-earnings ratio of -44.23 and a beta of 1.40.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Truist Financial reduced their price target on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Riskified has an average rating of “Hold” and a consensus target price of $5.96.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RSKD. Harvey Partners LLC increased its stake in Riskified by 20.4% during the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock worth $14,475,000 after acquiring an additional 523,855 shares during the last quarter. Clearline Capital LP lifted its stake in shares of Riskified by 23.8% in the 3rd quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after purchasing an additional 597,765 shares during the last quarter. TFJ Management LLC boosted its holdings in shares of Riskified by 31.7% in the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after purchasing an additional 335,399 shares during the period. Globeflex Capital L P purchased a new position in shares of Riskified in the 4th quarter worth approximately $736,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new position in shares of Riskified during the 4th quarter valued at approximately $1,019,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Riskified Company Profile

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.