Insider Selling: Riskified (NYSE:RSKD) Insider Sells $401,700.00 in Stock

Riskified Ltd. (NYSE:RSKD) insider Ravi Kumaraswami sold 65,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $6.18, for a total value of $401,700.00. Following the completion of the transaction, the insider directly owned 1,551,246 shares in the company, valued at $9,586,700.28. The trade was a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 Monday, August 17th, Ravi Kumaraswami sold 65,000 shares of Riskified stock. The stock was sold at an average price of $6.24, for a total value of $405,600.00.
• On Friday, June 26th, Ravi Kumaraswami sold 100 shares of Riskified stock. The shares were sold at an average price of $5.00, for a total value of $500.00.
• On Thursday, June 25th, Ravi Kumaraswami sold 33,399 shares of Riskified stock. The shares were sold at an average price of $5.00, for a total value of $166,995.00.
• On Monday, June 22nd, Ravi Kumaraswami sold 33,601 shares of Riskified stock. The shares were sold at an average price of $5.00, for a total value of $168,005.00.

Riskified Price Performance

RSKD stock opened at $6.21 on Friday. Riskified Ltd. has a fifty-two week low of $3.70 and a fifty-two week high of $6.98. The stock has a market capitalization of $920.75 million, a price-to-earnings ratio of -56.50 and a beta of 1.38. The business’s fifty day moving average price is $5.78 and its two-hundred day moving average price is $5.01.

Riskified (NYSE:RSKD) last announced its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. The company had revenue of $98.69 million during the quarter, compared to analysts’ expectations of $89.18 million. Research analysts expect that Riskified Ltd. will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Riskified

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new stake in Riskified during the 2nd quarter valued at approximately $1,505,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Riskified in the 4th quarter worth approximately $1,019,000. Globeflex Capital L P bought a new stake in shares of Riskified in the 4th quarter valued at $736,000. Sei Investments Co. boosted its stake in shares of Riskified by 87.4% in the 1st quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock valued at $1,396,000 after purchasing an additional 166,099 shares during the last quarter. Finally, Tidal Investments LLC increased its position in shares of Riskified by 142.3% during the second quarter. Tidal Investments LLC now owns 214,731 shares of the company’s stock worth $1,082,000 after buying an additional 126,121 shares during the period. Institutional investors and hedge funds own 58.98% of the company’s stock.

Analyst Upgrades and Downgrades

RSKD has been the topic of several recent research reports. The Goldman Sachs Group raised their target price on shares of Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a report on Wednesday, August 12th. Keefe, Bruyette & Woods increased their price target on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $7.50 price objective on shares of Riskified in a report on Monday, August 24th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Riskified presently has a consensus rating of “Hold” and an average target price of $6.50.

About Riskified

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce businesses. Its platform uses data analytics, machine learning and network insights to help merchants distinguish legitimate customers from fraudulent transactions, reduce payment-related losses and improve the online shopping experience.

The company’s product offerings include solutions designed to protect merchants from chargebacks, identify and prevent policy abuse, secure customer accounts and support payment approval decisions.