James Patrick Reilly Sells 12,000 Shares of Red Violet (NASDAQ:RDVT) Stock

Red Violet, Inc. (NASDAQ:RDVT) President James Patrick Reilly sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $57.43, for a total value of $689,160.00. Following the completion of the transaction, the president owned 232,351 shares of the company’s stock, valued at approximately $13,343,917.93. The trade was a 4.91% 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 Down 4.2%

RDVT opened at $56.79 on Wednesday. The stock has a market cap of $801.31 million, a PE ratio of 59.16 and a beta of 1.86. The business has a 50 day moving average of $42.30 and a 200-day moving average of $46.77. Red Violet, Inc. has a 52 week low of $33.40 and a 52 week high of $64.14.

Red Violet (NASDAQ:RDVT) last released its earnings results on Wednesday, May 6th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.14. The company had revenue of $25.83 million during the quarter, compared to analysts’ expectations of $24.63 million. Red Violet had a return on equity of 14.30% and a net margin of 14.99%. Equities analysts anticipate that Red Violet, Inc. will post 1.06 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Red Violet by 2.5% in the fourth 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 last quarter. Wasatch Advisors LP grew its stake in shares of Red Violet by 13.8% in the first quarter. Wasatch Advisors LP now owns 911,636 shares of the company’s stock worth $31,543,000 after acquiring an additional 110,421 shares during the last quarter. Ashford Capital Management Inc. grew its stake in shares of Red Violet by 13.9% in the first quarter. Ashford Capital Management Inc. now owns 686,816 shares of the company’s stock worth $23,764,000 after acquiring an additional 83,998 shares during the last quarter. Ophir Asset Management Pty Ltd grew its stake in shares of Red Violet by 0.7% in the fourth quarter. Ophir Asset Management Pty Ltd now owns 638,598 shares of the company’s stock worth $36,368,000 after acquiring an additional 4,372 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Red Violet by 5.2% in the fourth 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 last quarter. Hedge funds and other institutional investors own 63.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wall Street Zen cut Red Violet from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Red Violet in a research note on Friday, May 8th. Finally, Zacks Research cut Red Violet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

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.