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 that occurred on Thursday, October 15th. The stock was sold at an average price of $8.36, for a total value of $543,400.00. Following the completion of the transaction, the insider owned 1,423,665 shares in the company, valued at $11,901,839.40. The trade was a 4.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value 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 Trading Up 6.7%

Shares of RSKD traded up $0.54 on Thursday, reaching $8.63. 4,246,213 shares of the company’s stock traded hands, compared to its average volume of 1,200,490. The stock’s 50 day simple moving average is $6.73 and its two-hundred day simple moving average is $5.47. The stock has a market cap of $1.28 billion, a PE ratio of -78.47 and a beta of 1.25. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $8.78.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%. The business had revenue of $98.69 million for the quarter, compared to analysts’ expectations of $89.18 million. Analysts forecast that Riskified Ltd. will post -0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

RSKD has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a report on Thursday, August 13th. The Goldman Sachs Group lifted their price objective on shares of Riskified from $5.50 to $7.50 and gave the stock a “sell” rating in a research report on Tuesday. DA Davidson reiterated a “buy” rating and issued a $7.50 target price on shares of Riskified in a research note on Monday, August 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. Finally, UBS Group raised their price target on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $7.17.

Institutional Trading of Riskified

Several hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in Riskified during the third quarter valued at about $41,000. Modern Wealth Management LLC bought a new position in Riskified during the first quarter worth about $56,000. R Squared Ltd boosted its position in Riskified by 57.8% during the first quarter. R Squared Ltd now owns 19,813 shares of the company’s stock worth $78,000 after purchasing an additional 7,257 shares during the period. 9823 Capital L.P. purchased a new position in shares of Riskified in the fourth quarter worth about $182,000. Finally, Engineers Gate Manager LP increased its stake in shares of Riskified by 13.7% in the second quarter. Engineers Gate Manager LP now owns 64,591 shares of the company’s stock worth $326,000 after purchasing an additional 7,799 shares in the last quarter. 58.98% of the stock is currently owned by institutional investors.

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.