Red Violet, Inc. $RDVT Shares Sold by Globeflex Capital L P

Globeflex Capital L P trimmed its stake in shares of Red Violet, Inc. (NASDAQ:RDVT) by 14.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,813 shares of the company’s stock after selling 13,489 shares during the quarter. Globeflex Capital L P’s holdings in Red Violet were worth $4,716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Red Violet by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 956,443 shares of the company’s stock worth $54,469,000 after acquiring an additional 23,736 shares during the period. Wasatch Advisors LP lifted its position in Red Violet by 10.4% during the 3rd quarter. Wasatch Advisors LP now owns 888,857 shares of the company’s stock worth $46,443,000 after acquiring an additional 83,831 shares during the period. Geode Capital Management LLC lifted its position in Red Violet by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 337,481 shares of the company’s stock worth $19,224,000 after acquiring an additional 16,657 shares during the period. Russell Investments Group Ltd. lifted its position in Red Violet by 12.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 195,636 shares of the company’s stock worth $10,222,000 after acquiring an additional 21,515 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Red Violet by 6.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 169,875 shares of the company’s stock worth $8,876,000 after acquiring an additional 10,382 shares during the period. 63.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Red Violet Price Performance

Shares of RDVT stock opened at $54.08 on Friday. The business’s fifty day moving average price is $43.27 and its 200 day moving average price is $46.70. Red Violet, Inc. has a 1-year low of $33.40 and a 1-year high of $64.14. The firm has a market capitalization of $763.01 million, a PE ratio of 56.33 and a beta of 1.86.

Red Violet (NASDAQ:RDVT) last announced its quarterly earnings data 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 return on equity of 14.30% and a net margin of 14.99%.The firm had revenue of $25.83 million for the quarter, compared to analyst estimates of $24.63 million. Equities research analysts expect that Red Violet, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Transactions at Red Violet

In related news, CFO Daniel Maclachlan sold 12,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $20,611,741.86. This represents a 3.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey Alan Dell sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $57.44, for a total value of $574,400.00. Following the completion of the sale, the insider owned 155,889 shares in the company, valued at approximately $8,954,264.16. This represents a 6.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 46,000 shares of company stock worth $2,641,880. 8.90% of the stock is currently owned by insiders.

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.