Peter Benz Sells 22,300 Shares of Red Violet, Inc. (NASDAQ:RDVT) Stock

Red Violet, Inc. (NASDAQ:RDVT) Director Peter Benz sold 22,300 shares of Red Violet stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $37.43, for a total value of $834,689.00. Following the completion of the sale, the director now owns 80,766 shares in the company, valued at approximately $3,023,071.38. This represents a 21.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Red Violet Stock Performance

Shares of RDVT traded down $0.46 on Wednesday, reaching $36.49. The stock had a trading volume of 45,909 shares, compared to its average volume of 49,747. The firm has a market capitalization of $503.20 million, a price-to-earnings ratio of 102.64 and a beta of 1.46. The company has a 50-day simple moving average of $30.57 and a 200-day simple moving average of $26.87. Red Violet, Inc. has a 12-month low of $16.56 and a 12-month high of $39.27.

Institutional Trading of Red Violet

Several large investors have recently modified their holdings of RDVT. Ancora Advisors LLC bought a new stake in shares of Red Violet in the first quarter worth $899,000. Marshall Wace LLP grew its holdings in Red Violet by 323.4% during the second quarter. Marshall Wace LLP now owns 56,561 shares of the company’s stock valued at $1,437,000 after purchasing an additional 43,203 shares during the period. Los Angeles Capital Management LLC grew its holdings in Red Violet by 158.3% during the third quarter. Los Angeles Capital Management LLC now owns 56,050 shares of the company’s stock valued at $1,595,000 after purchasing an additional 34,348 shares during the period. Legato Capital Management LLC bought a new stake in Red Violet during the second quarter valued at about $595,000. Finally, Walleye Capital LLC bought a new stake in Red Violet during the third quarter valued at about $532,000. Institutional investors own 63.56% of the company’s stock.

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.