Red Violet (NASDAQ:RDVT) Insider Sells $574,400.00 in Stock

Red Violet, Inc. (NASDAQ:RDVT) insider Jeffrey Alan Dell sold 10,000 shares of Red Violet stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $57.44, for a total transaction of $574,400.00. Following the completion of the transaction, the insider directly owned 155,889 shares of the company’s stock, valued at approximately $8,954,264.16. This trade represents a 6.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Red Violet Trading Up 4.3%

Shares of RDVT traded up $2.46 during midday trading on Monday, reaching $59.30. The stock had a trading volume of 418,289 shares, compared to its average volume of 165,628. The firm has a 50 day simple moving average of $42.30 and a 200-day simple moving average of $46.77. Red Violet, Inc. has a one year low of $33.40 and a one year high of $64.14. The firm has a market cap of $836.72 million, a PE ratio of 61.77 and a beta of 1.85.

Red Violet (NASDAQ:RDVT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.14. Red Violet had a net margin of 14.99% and a return on equity of 14.30%. The company had revenue of $25.83 million during the quarter, compared to the consensus estimate of $24.63 million. As a group, research analysts forecast that Red Violet, Inc. will post 1.06 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on RDVT. Zacks Research downgraded shares of Red Violet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Red Violet in a report on Friday, May 8th. Finally, Wall Street Zen downgraded shares of Red Violet from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Institutional Trading of Red Violet

A number of institutional investors have recently bought and sold shares of RDVT. Royal Bank of Canada boosted its holdings in Red Violet by 247.4% in the 4th quarter. Royal Bank of Canada now owns 282,480 shares of the company’s stock valued at $16,088,000 after purchasing an additional 201,169 shares during the period. Wasatch Advisors LP boosted its holdings in Red Violet by 13.8% in the 1st quarter. Wasatch Advisors LP now owns 911,636 shares of the company’s stock valued at $31,543,000 after purchasing an additional 110,421 shares during the period. AQR Capital Management LLC bought a new stake in Red Violet in the 1st quarter valued at about $3,826,000. Renaissance Technologies LLC boosted its holdings in Red Violet by 581.8% in the 1st quarter. Renaissance Technologies LLC now owns 113,450 shares of the company’s stock valued at $3,925,000 after purchasing an additional 96,810 shares during the period. Finally, Ashford Capital Management Inc. boosted its holdings in Red Violet by 13.9% in the 1st quarter. Ashford Capital Management Inc. now owns 686,816 shares of the company’s stock valued at $23,764,000 after purchasing an additional 83,998 shares during the period. Institutional investors own 63.56% of the company’s stock.

Red Violet Company Profile

Red Violet, Inc (NASDAQ: RDVT) is a provider of advanced data, analytics and technology solutions designed to help organizations mitigate financial crime, fraud and security risks. The company’s cloud-native platform consolidates and enriches data from proprietary, public and third-party sources, applying artificial intelligence and machine learning to deliver insights across the risk-management lifecycle. Red Violet’s suite of services includes behavior-based transaction monitoring, automated watchlist and negative-news screening, enhanced due diligence and real-time geospatial threat intelligence.

Leveraging proprietary algorithms, Red Violet offers products that enable compliance teams to streamline anti-money laundering processes, improve fraud detection and respond swiftly to emerging threats.