Insider Buying: Red Violet Inc (RDVT) Major Shareholder Buys $35,880.25 in Stock
Red Violet Inc (NASDAQ:RDVT) major shareholder Michael Brauser acquired 4,949 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average cost of $7.25 per share, for a total transaction of $35,880.25. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Michael Brauser also recently made the following trade(s):
- On Monday, March 11th, Michael Brauser acquired 10,500 shares of Red Violet stock. The shares were purchased at an average cost of $7.05 per share, for a total transaction of $74,025.00.
- On Thursday, March 7th, Michael Brauser acquired 9,500 shares of Red Violet stock. The shares were purchased at an average cost of $7.19 per share, for a total transaction of $68,305.00.
Shares of NASDAQ RDVT traded down $0.09 during midday trading on Friday, reaching $7.04. 9,526 shares of the stock were exchanged, compared to its average volume of 20,176. Red Violet Inc has a twelve month low of $4.35 and a twelve month high of $46.40.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Red Violet in the 3rd quarter valued at $162,000. Dimensional Fund Advisors LP acquired a new stake in Red Violet in the 3rd quarter valued at $350,000. Vanguard Group Inc. acquired a new stake in Red Violet in the 3rd quarter valued at $1,077,000. Finally, Vanguard Group Inc acquired a new stake in Red Violet in the 3rd quarter valued at $1,077,000. 11.13% of the stock is currently owned by hedge funds and other institutional investors.
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Red Violet Company Profile
Red Violet, Inc, a software and services company, specializes in big data analysis providing cloud-based mission-critical information solutions to enterprises in various industries in the United States. Its proprietary platform includes CORE, a cloud-based technology platform, which serves various industries within risk management.
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