Red Violet, Inc. (NASDAQ:RDVT) Major Shareholder Sells $317,600.00 in Stock

Red Violet, Inc. (NASDAQ:RDVT) major shareholder Miami Jewish Federatio Greater sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 13th. The shares were sold at an average price of $31.76, for a total transaction of $317,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Miami Jewish Federatio Greater also recently made the following trade(s):

  • On Wednesday, September 15th, Miami Jewish Federatio Greater sold 5,000 shares of Red Violet stock. The stock was sold at an average price of $30.09, for a total transaction of $150,450.00.

RDVT stock opened at $29.94 on Friday. The company has a 50 day simple moving average of $26.64 and a 200 day simple moving average of $22.76. The stock has a market cap of $382.33 million, a price-to-earnings ratio of -199.59 and a beta of 0.68. Red Violet, Inc. has a 1 year low of $17.36 and a 1 year high of $33.70.

A number of hedge funds have recently added to or reduced their stakes in RDVT. Rational Advisors LLC bought a new stake in Red Violet during the 2nd quarter worth approximately $46,000. Catalyst Capital Advisors LLC grew its holdings in Red Violet by 68.8% during the 1st quarter. Catalyst Capital Advisors LLC now owns 3,976 shares of the company’s stock worth $73,000 after acquiring an additional 1,620 shares during the last quarter. Barclays PLC grew its holdings in Red Violet by 159.0% during the 1st quarter. Barclays PLC now owns 5,670 shares of the company’s stock worth $104,000 after acquiring an additional 3,481 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in Red Violet during the 2nd quarter worth approximately $115,000. Finally, Citadel Advisors LLC bought a new stake in Red Violet during the 2nd quarter worth approximately $245,000. Institutional investors and hedge funds own 43.72% of the company’s stock.

Separately, TheStreet upgraded shares of Red Violet from a “d+” rating to a “c-” rating in a research report on Tuesday, June 15th.

About Red Violet

Red Violet, Inc specializes in data analysis, which provides cloud-based, mission-critical information solutions to enterprises in a variety of industries. Its brands include IDI and Forewarn. The company was founded in August 2017 and is headquartered in Boca Raton, FL.

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