Red Violet (NASDAQ:RDVT) Insider Jeffrey Alan Dell Sells 1,140 Shares

Red Violet, Inc. (NASDAQ:RDVT) insider Jeffrey Alan Dell sold 1,140 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $56.95, for a total transaction of $64,923.00. Following the completion of the transaction, the insider directly owned 155,934 shares in the company, valued at $8,880,441.30. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 transaction of $158,104.05.
• On Tuesday, November 11th, Jeffrey Alan Dell sold 1,456 shares of Red Violet stock. The shares were sold at an average price of $57.81, for a total transaction of $84,171.36.
• On Monday, November 10th, Jeffrey Alan Dell sold 4,671 shares of Red Violet stock. The shares were sold at an average price of $58.11, for a total value of $271,431.81.

Red Violet Stock Performance

Shares of NASDAQ RDVT traded up $0.48 during mid-day trading on Friday, reaching $57.99. The company had a trading volume of 31,786 shares, compared to its average volume of 97,642. Red Violet, Inc. has a twelve month low of $32.23 and a twelve month high of $64.14. The stock’s 50 day moving average is $52.56 and its 200-day moving average is $48.52. The stock has a market capitalization of $810.05 million, a PE ratio of 75.31 and a beta of 1.76.

Red Violet (NASDAQ:RDVT) last released its earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share for the quarter, topping 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 company had revenue of $23.08 million during the quarter, compared to the consensus estimate of $22.64 million. On average, sell-side analysts anticipate that Red Violet, Inc. will post 0.51 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Weiss Ratings raised 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 report on Sunday, November 9th. B. Riley increased their price objective 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. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $62.00 price target on shares of Red Violet in a research report on Thursday, November 6th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $62.00.

Institutional Investors Weigh In On Red Violet

Large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its position in Red Violet by 3,125.0% during 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 during the last quarter. New York State Common Retirement Fund increased its position in Red Violet by 2,428.0% during the 1st quarter. New York State Common Retirement Fund now owns 106,024 shares of the company’s stock valued at $3,985,000 after buying an additional 101,830 shares in the last quarter. CWM LLC increased its position in shares of Red Violet by 5,900.0% during the first quarter. CWM LLC now owns 17,640 shares of the company’s stock valued at $663,000 after acquiring an additional 17,346 shares in the last quarter. Vanguard Group Inc. lifted its stake in Red Violet by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 615,948 shares of the company’s stock valued at $23,153,000 after acquiring an additional 7,396 shares during the period. Finally, Bard Associates Inc. lifted its holdings in shares of Red Violet by 6.7% during the 1st quarter. Bard Associates Inc. now owns 8,822 shares of the company’s stock valued at $332,000 after buying an additional 554 shares during the period. Institutional investors own 63.56% of the company’s stock.

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.