Red Violet, Inc. (NASDAQ:RDVT) CEO Derek Dubner Sells 10,000 Shares

Red Violet, Inc. (NASDAQ:RDVT) CEO Derek Dubner sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $46.21, for a total value of $462,100.00. Following the transaction, the chief executive officer now directly owns 580,379 shares in the company, valued at $26,819,313.59. This trade represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Red Violet Stock Performance

Red Violet stock opened at $45.56 on Monday. The stock’s 50 day moving average price is $37.96 and its 200 day moving average price is $37.03. Red Violet, Inc. has a one year low of $19.60 and a one year high of $46.95. The firm has a market capitalization of $635.61 million, a PE ratio of 126.56 and a beta of 1.69.

Hedge Funds Weigh In On Red Violet

A number of institutional investors have recently made changes to their positions in RDVT. Nisa Investment Advisors LLC raised its position in shares of Red Violet by 3,125.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,032 shares of the company’s stock valued at $39,000 after purchasing an additional 1,000 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Red Violet in the 4th quarter valued at approximately $88,000. GAMMA Investing LLC raised its position in shares of Red Violet by 206,650.0% in the 1st quarter. GAMMA Investing LLC now owns 4,135 shares of the company’s stock valued at $155,000 after purchasing an additional 4,133 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Red Violet by 58.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,688 shares of the company’s stock valued at $206,000 after purchasing an additional 2,089 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of Red Violet in the 4th quarter valued at approximately $207,000. 63.56% of the stock is owned by institutional investors and hedge funds.

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.