Jeffrey Alan Dell Sells 10,000 Shares of Red Violet (NASDAQ:RDVT) Stock

Red Violet, Inc. (NASDAQ:RDVT) insider Jeffrey Alan Dell sold 10,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $57.44, for a total transaction of $574,400.00. Following the transaction, the insider owned 155,889 shares in the company, valued at approximately $8,954,264.16. The trade was a 6.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Red Violet Stock Performance

NASDAQ:RDVT opened at $56.79 on Wednesday. The firm’s 50-day moving average is $42.30 and its 200-day moving average is $46.77. Red Violet, Inc. has a 52-week low of $33.40 and a 52-week high of $64.14. The company has a market cap of $801.31 million, a price-to-earnings ratio of 59.16 and a beta of 1.86.

Red Violet (NASDAQ:RDVT) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.14. Red Violet had a net margin of 14.99% and a return on equity of 14.30%. The company had revenue of $25.83 million for the quarter, compared to the consensus estimate of $24.63 million. Equities analysts predict that Red Violet, Inc. will post 1.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RDVT. Weiss Ratings restated a “hold (c+)” rating on shares of Red Violet in a report on Friday, May 8th. Wall Street Zen downgraded shares of Red Violet from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Zacks Research downgraded shares of Red Violet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Red Violet presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Institutional Trading of Red Violet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Red Violet by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 956,443 shares of the company’s stock valued at $54,469,000 after acquiring an additional 23,736 shares during the period. Wasatch Advisors LP increased its stake in Red Violet by 13.8% in the first quarter. Wasatch Advisors LP now owns 911,636 shares of the company’s stock valued at $31,543,000 after acquiring an additional 110,421 shares during the period. Ashford Capital Management Inc. increased its stake in Red Violet by 13.9% in the first quarter. Ashford Capital Management Inc. now owns 686,816 shares of the company’s stock valued at $23,764,000 after acquiring an additional 83,998 shares during the period. Ophir Asset Management Pty Ltd increased its stake in Red Violet by 0.7% in the fourth quarter. Ophir Asset Management Pty Ltd now owns 638,598 shares of the company’s stock valued at $36,368,000 after acquiring an additional 4,372 shares during the period. Finally, Geode Capital Management LLC increased its stake in Red Violet by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 337,481 shares of the company’s stock valued at $19,224,000 after acquiring an additional 16,657 shares during the period. Institutional investors own 63.56% of the company’s stock.

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.