Red Violet, Inc. (NASDAQ:RDVT – Get Free Report) CFO Daniel Maclachlan sold 12,000 shares of the company’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 sale, the chief financial officer owned 358,902 shares of the company’s stock, valued at approximately $20,611,741.86. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Red Violet Stock Up 4.3%
Shares of RDVT stock traded up $2.46 on Monday, reaching $59.30. 418,289 shares of the stock were exchanged, compared to its average volume of 165,628. The stock has a market cap of $836.72 million, a P/E ratio of 61.77 and a beta of 1.85. The firm has a 50 day moving average of $42.30 and a two-hundred day moving average of $46.77. Red Violet, Inc. has a 1-year low of $33.40 and a 1-year high of $64.14.
Red Violet (NASDAQ:RDVT – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.14. Red Violet had a net margin of 14.99% and a return on equity of 14.30%. The firm had revenue of $25.83 million during the quarter, compared to analysts’ expectations of $24.63 million. On average, equities research analysts predict that Red Violet, Inc. will post 1.06 EPS for the current fiscal year.
Analyst Ratings Changes
Check Out Our Latest Report on Red Violet
Hedge Funds Weigh In On Red Violet
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ashford Capital Management Inc. boosted its position in Red Violet by 13.9% in the 1st quarter. Ashford Capital Management Inc. now owns 686,816 shares of the company’s stock valued at $23,764,000 after buying an additional 83,998 shares during the last quarter. Quantinno Capital Management LP purchased a new position in Red Violet in the 1st quarter valued at about $526,000. Renaissance Technologies LLC boosted its position in Red Violet by 581.8% in the 1st quarter. Renaissance Technologies LLC now owns 113,450 shares of the company’s stock valued at $3,925,000 after buying an additional 96,810 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Red Violet by 16.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 164,818 shares of the company’s stock valued at $5,703,000 after buying an additional 23,816 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Red Violet by 18.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 206,698 shares of the company’s stock valued at $7,151,000 after buying an additional 32,189 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 (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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