Red Violet, Inc. (NASDAQ:RDVT – Get Free Report) insider Jeffrey Alan Dell sold 10,000 shares of Red Violet stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $57.44, for a total transaction of $574,400.00. Following the completion of the sale, the insider owned 155,889 shares of the company’s stock, valued at $8,954,264.16. This trade represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Red Violet Stock Down 6.0%
RDVT stock opened at $53.36 on Thursday. The firm has a 50 day moving average of $42.94 and a 200 day moving average of $46.73. The stock has a market capitalization of $752.91 million, a PE ratio of 55.58 and a beta of 1.86. Red Violet, Inc. has a 52 week low of $33.40 and a 52 week high of $64.14.
Red Violet (NASDAQ:RDVT – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.14. The company had revenue of $25.83 million during the quarter, compared to analysts’ expectations of $24.63 million. Red Violet had a net margin of 14.99% and a return on equity of 14.30%. On average, equities research analysts expect that Red Violet, Inc. will post 1.06 earnings per share for the current year.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on RDVT
Hedge Funds Weigh In On Red Violet
Several institutional investors have recently made changes to their positions in RDVT. AQR Capital Management LLC purchased a new position in shares of Red Violet during the 1st quarter valued at approximately $3,826,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Red Violet by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,586 shares of the company’s stock worth $248,000 after acquiring an additional 312 shares in the last quarter. Creative Planning purchased a new stake in Red Violet in the 2nd quarter worth $338,000. JPMorgan Chase & Co. increased its holdings in Red Violet by 5.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 38,120 shares of the company’s stock worth $1,876,000 after acquiring an additional 1,990 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Red Violet by 143.5% in the 2nd quarter. Legal & General Group Plc now owns 2,888 shares of the company’s stock worth $142,000 after acquiring an additional 1,702 shares in the last quarter. 63.56% of the stock is owned by hedge funds and other institutional investors.
About Red Violet
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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