Wasatch Advisors LP Trims Holdings in Red Violet, Inc. $RDVT

Wasatch Advisors LP lessened its stake in Red Violet, Inc. (NASDAQ:RDVT) by 2.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 890,738 shares of the company’s stock after selling 20,898 shares during the period. Wasatch Advisors LP owned about 6.31% of Red Violet worth $56,758,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its holdings in Red Violet by 414.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 468 shares of the company’s stock worth $27,000 after acquiring an additional 377 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Red Violet by 145.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 567 shares of the company’s stock valued at $32,000 after buying an additional 336 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Red Violet by 160.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,032 shares of the company’s stock worth $51,000 after buying an additional 636 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Red Violet in the 4th quarter worth approximately $103,000. Finally, State of Alaska Department of Revenue increased its holdings in shares of Red Violet by 203.9% in the 4th quarter. State of Alaska Department of Revenue now owns 1,933 shares of the company’s stock valued at $109,000 after acquiring an additional 1,297 shares during the last quarter. 63.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Daniel Maclachlan sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $57.43, for a total transaction of $689,160.00. Following the completion of the transaction, the chief financial officer directly owned 358,902 shares in the company, valued at approximately $20,611,741.86. The trade was a 3.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President James Patrick Reilly sold 12,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $57.43, for a total value of $689,160.00. Following the completion of the transaction, the president directly owned 232,351 shares of the company’s stock, valued at $13,343,917.93. This trade represents a 4.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 46,000 shares of company stock worth $2,641,880 in the last quarter. Company insiders own 8.90% of the company’s stock.

Wall Street Analyst Weigh In

RDVT has been the topic of several research analyst reports. Lake Street Capital raised their price objective on Red Violet from $62.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Research downgraded shares of Red Violet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. B. Riley Financial lifted their price target on shares of Red Violet from $65.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Red Violet in a report on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of Red Violet from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

Red Violet News Summary

Here are the key news stories impacting Red Violet this week:

• Positive Sentiment: Red Violet reported Q2 revenue of approximately $26.7 million, ahead of the $25.6 million consensus estimate. Earnings per share were $0.50, substantially above the $0.33–$0.34 analyst expectations and up from $0.28 a year earlier. Red Violet Announces $26.7 Million Revenue for Q2 2026 with Strong Earnings Growth Red Violet Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: The quarterly performance included solid profitability, with reported net margins near 15% and return on equity above 14%. The earnings beat and year-over-year EPS growth provide a fundamental catalyst for the stock. Red Violet Reports Second Quarter 2026 Financial Results
• Positive Sentiment: An investor-letter discussion presented a bullish case for Red Violet, emphasizing the company’s resilience, management execution and improving investor recognition. This may have supported positive sentiment, although it is not a new company announcement. The Resilient Bull Case for Red Violet
• Neutral Sentiment: The Q2 earnings-call transcript provides additional management commentary, but the available report does not identify a separate guidance change or new material catalyst. Red Violet Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Reported short interest was zero shares, unchanged from the prior period, indicating no meaningful short-covering catalyst. Shares are trading near their 52-week high and at an elevated price-to-earnings ratio, which could increase sensitivity to future earnings expectations.

Red Violet Price Performance

Shares of NASDAQ RDVT opened at $71.22 on Wednesday. Red Violet, Inc. has a 1-year low of $33.40 and a 1-year high of $71.25. The business’s fifty day moving average price is $62.25 and its two-hundred day moving average price is $49.61. The firm has a market capitalization of $1.01 billion, a PE ratio of 63.59 and a beta of 1.83.

Red Violet (NASDAQ:RDVT) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.17. The company had revenue of $26.72 million during the quarter, compared to the consensus estimate of $25.62 million. Red Violet had a net margin of 16.54% and a return on equity of 16.48%. Equities research analysts expect that Red Violet, Inc. will post 1.06 earnings per share for the current fiscal year.

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.