James Patrick Reilly Sells 2,184 Shares of Red Violet (NASDAQ:RDVT) Stock

Red Violet, Inc. (NASDAQ:RDVT) President James Patrick Reilly sold 2,184 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $57.81, for a total transaction of $126,257.04. Following the sale, the president owned 236,888 shares in the company, valued at $13,694,495.28. The trade was a 0.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

James Patrick Reilly also recently made the following trade(s):

• On Thursday, November 13th, James Patrick Reilly sold 1,711 shares of Red Violet stock. The shares were sold at an average price of $56.95, for a total transaction of $97,441.45.
• On Wednesday, November 12th, James Patrick Reilly sold 4,099 shares of Red Violet stock. The stock was sold at an average price of $57.85, for a total transaction of $237,127.15.
• On Monday, November 10th, James Patrick Reilly sold 7,006 shares of Red Violet stock. The shares were sold at an average price of $58.11, for a total transaction of $407,118.66.

Red Violet Price Performance

Shares of NASDAQ:RDVT opened at $58.43 on Friday. The firm has a market capitalization of $816.27 million, a price-to-earnings ratio of 75.88 and a beta of 1.76. The business’s 50 day simple moving average is $52.71 and its 200-day simple moving average is $48.66. Red Violet, Inc. has a 12 month low of $32.23 and a 12 month high of $64.14.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Weiss Ratings raised shares of Red Violet from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. B. Riley increased their price target on shares of Red Violet from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wall Street Zen upgraded Red Violet from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 9th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $62.00 target price on shares of Red Violet in a research note on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Red Violet has a consensus rating of “Buy” and an average price target of $62.00.

Institutional Trading of Red Violet

Institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp purchased a new position in Red Violet in the second quarter valued at approximately $25,000. State of Alaska Department of Revenue acquired a new stake in Red Violet during the 3rd quarter valued at $33,000. Nisa Investment Advisors LLC increased its stake in Red Violet by 3,125.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,032 shares of the company’s stock worth $39,000 after buying an additional 1,000 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Red Violet by 160.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,032 shares of the company’s stock worth $51,000 after buying an additional 636 shares in the last quarter. Finally, USA Financial Formulas purchased a new position in Red Violet in the 2nd quarter valued at about $121,000. 63.56% of the stock is currently owned by institutional investors and hedge funds.

About Red Violet

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.