Riskified (NYSE:RSKD) Insider Ravi Kumaraswami Sells 60,000 Shares of Stock

Riskified Ltd. (NYSE:RSKD – Get Free Report) insider Ravi Kumaraswami sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $4.91, for a total value of $294,600.00. Following the transaction, the insider owned 1,935,113 shares of the company’s stock, valued at $9,501,404.83. This represents a 3.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Riskified Price Performance

Shares of NYSE RSKD opened at $4.94 on Friday. Riskified Ltd. has a 1-year low of $3.70 and a 1-year high of $5.68. The business’s fifty day moving average price is $4.67 and its two-hundred day moving average price is $4.59. The firm has a market capitalization of $731.42 million, a PE ratio of -44.88 and a beta of 1.40.

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Riskified (NYSE:RSKD – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $88.27 million during the quarter, compared to the consensus estimate of $87.72 million. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. Equities research analysts expect that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Harvey Partners LLC raised its position in shares of Riskified by 20.4% during the 3rd quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock worth $14,475,000 after buying an additional 523,855 shares in the last quarter. Clearline Capital LP boosted its holdings in shares of Riskified by 23.8% in the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after acquiring an additional 597,765 shares in the last quarter. TFJ Management LLC increased its stake in shares of Riskified by 31.7% during the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock valued at $6,524,000 after acquiring an additional 335,399 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Riskified during the fourth quarter valued at approximately $1,019,000. Finally, Globeflex Capital L P bought a new stake in Riskified during the fourth quarter worth approximately $736,000. 58.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on RSKD. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Truist Financial cut 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. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Riskified has an average rating of “Hold” and an average price target of $5.96.

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About Riskified

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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.

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