Red Violet (NASDAQ:RDVT) Insider Jeffrey Alan Dell Sells 4,671 Shares

Red Violet, Inc. (NASDAQ:RDVT) insider Jeffrey Alan Dell sold 4,671 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $58.11, for a total value of $271,431.81. Following the completion of the sale, the insider owned 161,263 shares of the company’s stock, valued at $9,370,992.93. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Jeffrey Alan Dell also recently made the following trade(s):

• On Thursday, November 13th, Jeffrey Alan Dell sold 1,140 shares of Red Violet stock. The stock was sold at an average price of $56.95, for a total value of $64,923.00.
• On Wednesday, November 12th, Jeffrey Alan Dell sold 2,733 shares of Red Violet stock. The shares were sold at an average price of $57.85, for a total value of $158,104.05.
• On Tuesday, November 11th, Jeffrey Alan Dell sold 1,456 shares of Red Violet stock. The shares were sold at an average price of $57.81, for a total value of $84,171.36.

Red Violet Stock Performance

Shares of RDVT traded down $0.72 during mid-day trading on Friday, reaching $56.80. 8,253 shares of the company were exchanged, compared to its average volume of 97,533. The business has a 50 day simple moving average of $52.56 and a two-hundred day simple moving average of $48.52. The stock has a market capitalization of $793.43 million, a PE ratio of 73.76 and a beta of 1.76. Red Violet, Inc. has a 52 week low of $32.23 and a 52 week high of $64.14.

Red Violet (NASDAQ:RDVT) last announced its earnings results on Wednesday, November 5th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. Red Violet had a return on equity of 12.26% and a net margin of 12.96%.The business had revenue of $23.08 million for the quarter, compared to analysts’ expectations of $22.64 million. On average, analysts predict that Red Violet, Inc. will post 0.51 EPS for the current year.

Institutional Trading of Red Violet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Red Violet by 4.2% in the third quarter. Vanguard Group Inc. now owns 932,707 shares of the company’s stock worth $48,734,000 after acquiring an additional 37,622 shares in the last quarter. Ashford Capital Management Inc. raised its position in shares of Red Violet by 1.3% during the second quarter. Ashford Capital Management Inc. now owns 593,514 shares of the company’s stock worth $29,201,000 after purchasing an additional 7,610 shares during the period. Brown Capital Management LLC raised its position in shares of Red Violet by 31.3% during the second quarter. Brown Capital Management LLC now owns 469,340 shares of the company’s stock worth $23,092,000 after purchasing an additional 111,908 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Red Violet by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 273,818 shares of the company’s stock worth $13,475,000 after purchasing an additional 12,102 shares in the last quarter. Finally, Ophir Asset Management Pty Ltd acquired a new stake in Red Violet in the 2nd quarter valued at $11,892,000. 63.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RDVT. Weiss Ratings reissued a “hold (c)” rating on shares of Red Violet in a research note on Wednesday, October 8th. Wall Street Zen upgraded Red Violet from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 9th. B. Riley lifted their price objective on Red Violet from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Lake Street Capital restated a “buy” rating and set a $62.00 target price on shares of Red Violet in a research report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.00.

Red Violet Company Profile

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.