Wasatch Advisors LP decreased its stake in shares of Red Violet, Inc. (NASDAQ:RDVT – Free Report) by 2.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 890,738 shares of the company’s stock after selling 20,898 shares during the period. Wasatch Advisors LP owned about 0.06% of Red Violet worth $56,758,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in RDVT. EverSource Wealth Advisors LLC lifted its stake in shares of Red Violet by 414.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 468 shares of the company’s stock worth $27,000 after acquiring an additional 377 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Red Violet by 145.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 567 shares of the company’s stock worth $32,000 after purchasing an additional 336 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Red Violet by 160.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,032 shares of the company’s stock worth $51,000 after purchasing an additional 636 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in Red Violet in the fourth quarter worth approximately $103,000. Finally, State of Alaska Department of Revenue boosted its stake in Red Violet by 203.9% during the 4th quarter. State of Alaska Department of Revenue now owns 1,933 shares of the company’s stock valued at $109,000 after purchasing an additional 1,297 shares in the last quarter. 63.56% of the stock is currently owned by institutional investors.
Red Violet Stock Up 8.5%
Shares of NASDAQ RDVT opened at $71.22 on Wednesday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 63.59 and a beta of 1.83. The stock’s fifty day simple moving average is $62.25 and its 200 day simple moving average is $49.61. Red Violet, Inc. has a 52-week low of $33.40 and a 52-week high of $71.25.
Analyst Ratings Changes
RDVT has been the topic of a number of research analyst reports. Zacks Research lowered Red Violet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. B. Riley Financial raised their price objective on shares of Red Violet from $65.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Red Violet in a research note on Wednesday, August 5th. Lake Street Capital lifted their price objective on shares of Red Violet from $62.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Wall Street Zen downgraded shares of Red Violet from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.
Check Out Our Latest Stock Analysis on RDVT
Insider Buying and Selling
In other Red Violet news, insider Jeffrey Alan Dell sold 10,000 shares of the company’s 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 sale, the insider directly owned 155,889 shares of the company’s stock, valued at approximately $8,954,264.16. This 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 this hyperlink. Also, CEO Derek Dubner sold 12,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $57.43, for a total transaction of $689,160.00. Following the completion of the transaction, the chief executive officer owned 557,273 shares of the company’s stock, valued at approximately $32,004,188.39. The trade was a 2.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 46,000 shares of company stock worth $2,641,880. Company insiders own 8.90% of the company’s stock.
Key Headlines Impacting Red Violet
Here are the key news stories impacting Red Violet this week:
- Positive Sentiment: Red Violet reported Q2 revenue of approximately $26.7 million, ahead of the $25.6 million consensus estimate. Earnings per share were $0.50, substantially above the $0.33–$0.34 analyst expectations and up from $0.28 a year earlier. Red Violet Announces $26.7 Million Revenue for Q2 2026 with Strong Earnings Growth Red Violet Q2 Earnings and Revenues Surpass Estimates
- Positive Sentiment: The quarterly performance included solid profitability, with reported net margins near 15% and return on equity above 14%. The earnings beat and year-over-year EPS growth provide a fundamental catalyst for the stock. Red Violet Reports Second Quarter 2026 Financial Results
- Positive Sentiment: An investor-letter discussion presented a bullish case for Red Violet, emphasizing the company’s resilience, management execution and improving investor recognition. This may have supported positive sentiment, although it is not a new company announcement. The Resilient Bull Case for Red Violet
- Neutral Sentiment: The Q2 earnings-call transcript provides additional management commentary, but the available report does not identify a separate guidance change or new material catalyst. Red Violet Q2 2026 Earnings Call Transcript
- Neutral Sentiment: Reported short interest was zero shares, unchanged from the prior period, indicating no meaningful short-covering catalyst. Shares are trading near their 52-week high and at an elevated price-to-earnings ratio, which could increase sensitivity to future earnings expectations.
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.
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