Key Points
- Riskified insider Ravi Kumaraswami sold 65,000 shares at an average price of $6.24, generating $405,600. The transaction was made under a pre-arranged Rule 10b5-1 trading plan, leaving him with 1.62 million shares.
- Riskified reported quarterly revenue of $98.69 million, exceeding analyst expectations of $89.18 million, while earnings of $0.02 per share matched estimates. The company still posted a negative net margin of 4.23%.
- Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $6.50. RSKD recently traded at $6.17, within its 52-week range of $3.70 to $6.61.
Riskified Ltd. (NYSE:RSKD - Get Free Report) insider Ravi Kumaraswami sold 65,000 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $6.24, for a total value of $405,600.00. Following the sale, the insider directly owned 1,616,246 shares of the company's stock, valued at approximately $10,085,375.04. This represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Friday, June 26th, Ravi Kumaraswami sold 100 shares of Riskified stock. The stock was 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 stock was 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 transaction of $168,005.00.
- 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 stock was sold at an average price of $4.91, for a total transaction of $294,600.00.
Riskified Price Performance
RSKD stock opened at $6.17 on Wednesday. The firm has a market capitalization of $913.34 million, a P/E ratio of -56.05 and a beta of 1.38. Riskified Ltd. has a 52-week low of $3.70 and a 52-week high of $6.61. The company's 50 day simple moving average is $5.24 and its 200-day simple moving average is $4.73.
Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.02 EPS for the quarter, hitting 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 firm had revenue of $98.69 million during the quarter, compared to analyst estimates of $89.18 million.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Riskified in a research report on Friday. UBS Group raised their price objective on Riskified from $5.00 to $6.75 and gave the stock a "neutral" rating in a research report on Thursday, August 13th. Keefe, Bruyette & Woods upped their target price on Riskified from $5.50 to $6.25 and gave the company a "market perform" rating in a report on Thursday, August 13th. DA Davidson raised their price target on shares of Riskified from $6.00 to $7.50 and gave the stock a "buy" rating in a report on Thursday, August 13th. Finally, Wall Street Zen upgraded shares of Riskified from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 30th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Riskified presently has a consensus rating of "Hold" and an average price target of $6.50.
Get Our Latest Report on Riskified
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of RSKD. Raymond James Financial Inc. purchased a new stake in shares of Riskified during the 2nd quarter worth about $36,000. Man Group plc acquired a new position in Riskified in the fourth quarter worth approximately $50,000. Virtu Financial LLC acquired a new position in Riskified in the third quarter worth approximately $51,000. Invesco Ltd. bought a new position in Riskified during the first quarter valued at approximately $51,000. Finally, T3 Companies LLC acquired a new stake in Riskified in the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 58.98% of the company's stock.
About Riskified
(
Get Free Report)
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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