Jeffrey Alan Dell Sells 4,671 Shares of Red Violet (NASDAQ:RDVT) Stock

Red Violet, Inc. (NASDAQ:RDVT) insider Jeffrey Alan Dell sold 4,671 shares of Red Violet stock in a transaction on Monday, November 10th. The stock was sold at an average price of $58.11, for a total value of $271,431.81. Following the sale, the insider owned 161,263 shares in the company, valued at $9,370,992.93. The trade was a 2.81% 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.

Jeffrey Alan Dell also recently made the following trade(s):

• On Thursday, November 13th, Jeffrey Alan Dell sold 1,140 shares of Red Violet stock. The shares were sold at an average price of $56.95, for a total transaction of $64,923.00.
• On Wednesday, November 12th, Jeffrey Alan Dell sold 2,733 shares of Red Violet stock. The stock was sold at an average price of $57.85, for a total transaction of $158,104.05.
• On Tuesday, November 11th, Jeffrey Alan Dell sold 1,456 shares of Red Violet stock. The stock was sold at an average price of $57.81, for a total transaction of $84,171.36.

Red Violet Stock Up 1.6%

RDVT opened at $58.43 on Friday. Red Violet, Inc. has a twelve month low of $32.23 and a twelve month high of $64.14. The company’s 50-day moving average price is $52.71 and its two-hundred day moving average price is $48.66. The stock has a market cap of $816.27 million, a price-to-earnings ratio of 75.88 and a beta of 1.76.

Red Violet (NASDAQ:RDVT) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Red Violet had a net margin of 12.96% and a return on equity of 12.26%. The company had revenue of $23.08 million for the quarter, compared to analysts’ expectations of $22.64 million. As a group, sell-side analysts anticipate that Red Violet, Inc. will post 0.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RDVT. Weiss Ratings upgraded Red Violet from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Lake Street Capital reaffirmed a “buy” rating and set a $62.00 price objective on shares of Red Violet in a report on Thursday, November 6th. B. Riley lifted their target price on shares of Red Violet from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Wall Street Zen upgraded shares of Red Violet from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 9th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Red Violet currently has a consensus rating of “Buy” and a consensus price target of $62.00.

Institutional Investors Weigh In On Red Violet

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

Red Violet Company Profile

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.