Steven D. Rubin Sells 10,000 Shares of Red Violet, Inc. (NASDAQ:RDVT) Stock

Red Violet, Inc. (NASDAQ:RDVT) Director Steven D. Rubin sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $38.93, for a total value of $389,300.00. Following the completion of the transaction, the director now owns 141,138 shares of the company’s stock, valued at approximately $5,494,502.34. The trade was a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Red Violet Stock Up 0.1 %

RDVT stock opened at $38.64 on Friday. Red Violet, Inc. has a twelve month low of $16.56 and a twelve month high of $43.44. The firm has a market cap of $538.60 million, a PE ratio of 107.33 and a beta of 1.63. The business has a 50 day moving average of $37.88 and a 200 day moving average of $34.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Red Violet by 4.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,274 shares of the company’s stock valued at $227,000 after buying an additional 259 shares in the last quarter. Janus Henderson Group PLC increased its position in Red Violet by 4.3% during the 3rd quarter. Janus Henderson Group PLC now owns 24,305 shares of the company’s stock valued at $691,000 after buying an additional 992 shares in the last quarter. SG Americas Securities LLC increased its position in Red Violet by 14.3% during the 4th quarter. SG Americas Securities LLC now owns 7,990 shares of the company’s stock valued at $289,000 after buying an additional 998 shares in the last quarter. Bank of New York Mellon Corp increased its position in Red Violet by 3.2% during the 4th quarter. Bank of New York Mellon Corp now owns 34,105 shares of the company’s stock valued at $1,235,000 after buying an additional 1,068 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Red Violet by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,083 shares of the company’s stock valued at $1,161,000 after buying an additional 1,181 shares in the last quarter. 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.