Red Violet, Inc. (NASDAQ:RDVT) President Sells $372,500.00 in Stock

Red Violet, Inc. (NASDAQ:RDVT) President James Patrick Reilly sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $37.25, for a total value of $372,500.00. Following the sale, the president now owns 272,124 shares of the company’s stock, valued at $10,136,619. The trade was a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Red Violet Stock Down 1.2 %

Shares of RDVT opened at $36.49 on Thursday. Red Violet, Inc. has a 52-week low of $16.56 and a 52-week high of $39.27. The stock has a market cap of $503.20 million, a PE ratio of 101.36 and a beta of 1.46. The firm’s fifty day moving average is $30.57 and its two-hundred day moving average is $26.87.

Hedge Funds Weigh In On Red Violet

Several hedge funds and other institutional investors have recently modified their holdings of RDVT. Quadrature Capital Ltd raised its holdings in Red Violet by 3.7% in the 1st quarter. Quadrature Capital Ltd now owns 19,480 shares of the company’s stock valued at $383,000 after acquiring an additional 702 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Red Violet by 5.7% in the second quarter. Rhumbline Advisers now owns 14,578 shares of the company’s stock valued at $370,000 after purchasing an additional 781 shares during the last quarter. Kennedy Capital Management LLC lifted its position in Red Violet by 3.7% during the first quarter. Kennedy Capital Management LLC now owns 24,190 shares of the company’s stock worth $473,000 after buying an additional 862 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Red Violet by 4.3% during the third quarter. Janus Henderson Group PLC now owns 24,305 shares of the company’s stock worth $691,000 after buying an additional 992 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Red Violet by 352.9% during the first quarter. Lazard Asset Management LLC now owns 3,614 shares of the company’s stock worth $70,000 after buying an additional 2,816 shares during the last quarter. 63.56% of the stock is owned by hedge funds and other institutional investors.

About Red Violet

Red Violet, Inc, a software and services company, specializes in proprietary technologies and applying analytical capabilities to deliver identity intelligence in the United States. It offers idiCORE, an investigative solution used to address various organizational challenges, which include due diligence, risk mitigation, identity authentication, fraud detection and prevention, customer acquisition, and regulatory compliance; and FOREWARN, an app-based solution that provides instant knowledge before face-to-face engagement with a consumer, as well as helps professionals to identify and mitigate risk.