Red Violet (NASDAQ:RDVT) Insider Jeffrey Alan Dell Sells 1,456 Shares of Stock

Red Violet, Inc. (NASDAQ:RDVT) insider Jeffrey Alan Dell sold 1,456 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $57.81, for a total transaction of $84,171.36. Following the transaction, the insider owned 159,807 shares of the company’s stock, valued at $9,238,442.67. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Jeffrey Alan Dell also recently made the following trade(s):

• On Thursday, November 13th, Jeffrey Alan Dell sold 1,140 shares of Red Violet stock. The shares were sold at an average price of $56.95, for a total value of $64,923.00.
• On Wednesday, November 12th, Jeffrey Alan Dell sold 2,733 shares of Red Violet stock. The shares were sold at an average price of $57.85, for a total value of $158,104.05.
• On Monday, November 10th, Jeffrey Alan Dell sold 4,671 shares of Red Violet stock. The stock was sold at an average price of $58.11, for a total value of $271,431.81.

Red Violet Price Performance

RDVT stock traded up $0.48 during trading on Friday, hitting $57.99. 31,786 shares of the company traded hands, compared to its average volume of 97,642. Red Violet, Inc. has a 1 year low of $32.23 and a 1 year high of $64.14. The company has a market cap of $810.05 million, a PE ratio of 75.31 and a beta of 1.76. The stock’s 50-day simple moving average is $52.56 and its 200 day simple moving average is $48.52.

Red Violet (NASDAQ:RDVT) last announced its earnings results on Wednesday, November 5th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Red Violet had a return on equity of 12.26% and a net margin of 12.96%.The business had revenue of $23.08 million during the quarter, compared to analysts’ expectations of $22.64 million. Research analysts expect that Red Violet, Inc. will post 0.51 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. 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 worth $39,000 after buying an additional 1,000 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Red Violet by 2,428.0% in the 1st quarter. New York State Common Retirement Fund now owns 106,024 shares of the company’s stock worth $3,985,000 after purchasing an additional 101,830 shares during the period. CWM LLC lifted its stake in shares of Red Violet by 5,900.0% in the 1st quarter. CWM LLC now owns 17,640 shares of the company’s stock valued at $663,000 after purchasing an additional 17,346 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Red Violet by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 615,948 shares of the company’s stock worth $23,153,000 after purchasing an additional 7,396 shares during the period. Finally, Bard Associates Inc. increased its position in Red Violet by 6.7% during the 1st quarter. Bard Associates Inc. now owns 8,822 shares of the company’s stock worth $332,000 after purchasing an additional 554 shares in the last quarter. Hedge funds and other institutional investors own 63.56% of the company’s stock.

Wall Street Analysts Forecast Growth

RDVT has been the subject of a number of research analyst reports. B. Riley increased their price target on shares of Red Violet from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Weiss Ratings raised shares of Red Violet from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Wall Street Zen upgraded shares of Red Violet from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 9th. Finally, Lake Street Capital reissued a “buy” rating and issued a $62.00 price target on shares of Red Violet in a research report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $62.00.

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.