Insider Selling: Red Violet (NASDAQ:RDVT) CEO Sells $689,160.00 in Stock

Red Violet, Inc. (NASDAQ:RDVTGet Free Report) CEO Derek Dubner sold 12,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $57.43, for a total value of $689,160.00. Following the completion of the transaction, the chief executive officer directly owned 557,273 shares of the company’s stock, valued at $32,004,188.39. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Red Violet Stock Performance

Shares of RDVT stock opened at $53.36 on Thursday. Red Violet, Inc. has a 52-week low of $33.40 and a 52-week high of $64.14. The company has a market capitalization of $752.91 million, a PE ratio of 55.58 and a beta of 1.86. The business’s fifty day moving average is $42.94 and its 200 day moving average is $46.73.

Red Violet (NASDAQ:RDVTGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.14. Red Violet had a return on equity of 14.30% and a net margin of 14.99%.The company had revenue of $25.83 million for the quarter, compared to the consensus estimate of $24.63 million. On average, sell-side analysts forecast that Red Violet, Inc. will post 1.06 EPS for the current fiscal year.

Analyst Ratings Changes

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

Get Our Latest Stock Report on Red Violet

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Red Violet by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 956,443 shares of the company’s stock valued at $54,469,000 after acquiring an additional 23,736 shares during the last quarter. Wasatch Advisors LP increased its stake in Red Violet by 13.8% in the first quarter. Wasatch Advisors LP now owns 911,636 shares of the company’s stock valued at $31,543,000 after acquiring an additional 110,421 shares during the last quarter. Ashford Capital Management Inc. increased its stake in Red Violet by 13.9% in the first quarter. Ashford Capital Management Inc. now owns 686,816 shares of the company’s stock valued at $23,764,000 after acquiring an additional 83,998 shares during the last quarter. Ophir Asset Management Pty Ltd increased its stake in Red Violet by 0.7% in the fourth quarter. Ophir Asset Management Pty Ltd now owns 638,598 shares of the company’s stock valued at $36,368,000 after acquiring an additional 4,372 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Red Violet by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 337,481 shares of the company’s stock valued at $19,224,000 after acquiring an additional 16,657 shares during the last quarter. Institutional investors own 63.56% of the company’s stock.

Red Violet Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Red Violet (NASDAQ:RDVT)

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