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

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

Riskified Price Performance

Shares of RSKD traded up $0.06 on Tuesday, hitting $4.92. The company’s stock had a trading volume of 1,485,812 shares, compared to its average volume of 804,724. The company has a market capitalization of $728.90 million, a PE ratio of -44.73 and a beta of 1.40. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $5.68. The company has a 50 day moving average price of $4.70 and a 200 day moving average price of $4.59.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%.The firm had revenue of $88.27 million during the quarter, compared to analysts’ expectations of $87.72 million. On average, equities analysts forecast that Riskified Ltd. will post -0.01 EPS for the current year.

Hedge Funds Weigh In On Riskified

Several hedge funds have recently added to or reduced their stakes in RSKD. Harvey Partners LLC boosted its stake in shares of Riskified by 20.4% in the 3rd 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 last quarter. Clearline Capital LP raised its stake in shares of 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 buying an additional 597,765 shares during the last quarter. TFJ Management LLC raised 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 worth $6,524,000 after buying an additional 335,399 shares during the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new position in Riskified in the fourth quarter valued at approximately $1,019,000. Finally, Globeflex Capital L P acquired a new position in Riskified in the fourth quarter valued at approximately $736,000. Institutional investors own 58.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RSKD. 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 target price 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 investment 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 has an average rating of “Hold” and an average target price 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.