Key Points
- Riskified insider Ravi Kumaraswami sold 65,000 shares at an average price of $8.36, generating $543,400. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his stake by 4.37% to 1.42 million shares.
- Riskified reported quarterly revenue of $98.69 million, above the $89.18 million analyst estimate, while earnings of $0.02 per share matched expectations. The company remains unprofitable on a net-margin and return-on-equity basis.
- Analyst sentiment is cautious: Riskified has a consensus “Reduce” rating and a $7.17 target price, compared with a recent share price of $8.63. Institutional investors own approximately 58.98% of the company.
Riskified Ltd. (NYSE:RSKD - Get Free Report) 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 transaction of $543,400.00. Following the completion of the transaction, the insider owned 1,423,665 shares of the company's stock, valued at $11,901,839.40. This trade represents a 4.37% decrease in their position. The transaction 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 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 Stock Performance
NYSE RSKD opened at $8.63 on Friday. The stock has a market capitalization of $1.28 billion, a P/E 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. The stock has a fifty day moving average of $6.80 and a 200-day moving average of $5.50.
Riskified (NYSE:RSKD - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting 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 analyst estimates of $89.18 million. Equities research analysts forecast that Riskified Ltd. will post -0.03 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of analysts have commented on RSKD shares. UBS Group lifted their target price on shares of Riskified from $5.00 to $6.75 and gave the stock a "neutral" rating in a report on Thursday, August 13th. DA Davidson restated a "buy" rating and set a $7.50 target price on shares of Riskified in a report on Monday, August 24th. Zacks Research lowered shares of Riskified from a "hold" rating to a "strong sell" rating in a research note on Monday. The Goldman Sachs Group lifted their target price on Riskified from $5.50 to $7.50 and gave the stock a "sell" rating in a report on Tuesday. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Riskified in a report on Friday, August 14th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Riskified has a consensus rating of "Reduce" and a consensus target price of $7.17.
Get Our Latest Analysis on Riskified
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in RSKD. Public Employees Retirement System of Ohio acquired a new position in shares of Riskified during the 2nd quarter worth about $1,505,000. Tidal Investments LLC grew its stake in Riskified by 142.3% in the second quarter. Tidal Investments LLC now owns 214,731 shares of the company's stock valued at $1,082,000 after purchasing an additional 126,121 shares in the last quarter. Sei Investments Co. increased its position in shares of Riskified by 87.4% during the 1st quarter. Sei Investments Co. now owns 356,173 shares of the company's stock worth $1,396,000 after purchasing an additional 166,099 shares during the last quarter. R Squared Ltd increased its position in shares of Riskified by 57.8% during the 1st 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 last quarter. Finally, 9823 Capital L.P. acquired a new position in Riskified during the fourth quarter worth $182,000. Institutional investors and hedge funds own 58.98% of the company's stock.
Riskified Company Profile
(
Get Free Report)
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.
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