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

Key Points

• Riskified insider Ravi Kumaraswami sold 65,000 shares for approximately $401,700 at an average price of $6.18, reducing his position by 4.02%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Riskified shares recently traded at $6.25, up 0.9%, with a market capitalization of about $926.7 million. The company reported quarterly revenue of $98.69 million and earnings of $0.02 per share, matching the consensus EPS estimate while exceeding revenue expectations.
• Analysts have a mixed outlook, with two Buy, three Hold, and two Sell ratings; the consensus rating is Hold with a target price of $6.50. Institutional investors own approximately 58.98% of the stock.

Riskified Ltd. (NYSE:RSKD - Get Free Report) insider Ravi Kumaraswami sold 65,000 shares of Riskified stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $6.18, for a total transaction of $401,700.00. Following the completion of the sale, the insider owned 1,551,246 shares in the company, valued at approximately $9,586,700.28. This trade represents a 4.02% decrease in their position. The sale was disclosed in a document filed 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 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 transaction 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 transaction 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 transaction of $166,995.00.
• On Monday, June 22nd, Ravi Kumaraswami sold 33,601 shares of Riskified stock. The stock was sold at an average price of $5.00, for a total value of $168,005.00.

Riskified Trading Up 0.9%

NYSE:RSKD traded up $0.06 during trading hours on Wednesday, hitting $6.25. 985,242 shares of the stock were exchanged, compared to its average volume of 997,485. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $6.98. The firm's fifty day moving average price is $5.72 and its 200 day moving average price is $4.98. The company has a market cap of $926.68 million, a P/E ratio of -56.86 and a beta of 1.38.

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

Institutional Trading of Riskified

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new stake in Riskified in the 2nd quarter valued at about $1,505,000. Nano Cap New Millennium Growth Fund L P purchased a new position in Riskified during the fourth quarter worth about $1,019,000. Sei Investments Co. increased its position in shares of Riskified by 87.4% during the first quarter. Sei Investments Co. now owns 356,173 shares of the company's stock valued at $1,396,000 after acquiring an additional 166,099 shares during the last quarter. Globeflex Capital L P purchased a new stake in shares of Riskified in the 4th quarter valued at approximately $736,000. Finally, Tidal Investments LLC raised its stake in shares of Riskified by 142.3% in the 2nd quarter. Tidal Investments LLC now owns 214,731 shares of the company's stock valued at $1,082,000 after acquiring an additional 126,121 shares during the period. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Riskified from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 30th. 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. DA Davidson reaffirmed a "buy" rating and set a $7.50 price objective on shares of Riskified in a research note on Monday, August 24th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Riskified in a report on Friday, August 14th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Riskified from $5.50 to $6.25 and gave the stock a "market perform" rating in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $6.50.

Riskified Company Profile

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.

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