Insider Selling: Red Violet, Inc. (NASDAQ:RDVT) President Sells 10,000 Shares of Stock

Red Violet, Inc. (NASDAQ:RDVT) President James Patrick Reilly sold 10,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $37.25, for a total value of $372,500.00. Following the transaction, the president now owns 272,124 shares of the company’s stock, valued at approximately $10,136,619. This represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Red Violet Trading Up 1.8 %

RDVT traded up $0.67 on Monday, hitting $38.78. The company had a trading volume of 335,652 shares, compared to its average volume of 49,400. The firm has a market cap of $534.78 million, a P/E ratio of 105.86 and a beta of 1.46. The company’s fifty day moving average price is $30.22 and its 200 day moving average price is $26.63. Red Violet, Inc. has a 1 year low of $16.56 and a 1 year high of $39.27.

Institutional Investors Weigh In On Red Violet

Institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC boosted its position in shares of Red Violet by 352.9% during the 1st quarter. Lazard Asset Management LLC now owns 3,614 shares of the company’s stock worth $70,000 after purchasing an additional 2,816 shares during the period. SG Americas Securities LLC acquired a new position in Red Violet during the third quarter worth $199,000. Cubist Systematic Strategies LLC purchased a new position in shares of Red Violet during the second quarter worth $204,000. PDT Partners LLC acquired a new stake in shares of Red Violet in the third quarter valued at $325,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Red Violet by 157.8% in the third quarter. BNP Paribas Financial Markets now owns 11,613 shares of the company’s stock valued at $330,000 after buying an additional 7,108 shares in the last quarter. 63.56% of the stock is owned by hedge funds and other institutional investors.

Red Violet Company Profile

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.