Red Violet, Inc. (NASDAQ:RDVT) President James Patrick Reilly Sells 10,000 Shares

Red Violet, Inc. (NASDAQ:RDVT) President James Patrick Reilly sold 10,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $37.25, for a total value of $372,500.00. Following the sale, the president now owns 272,124 shares of the company’s stock, valued at $10,136,619. This trade represents a 3.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Red Violet Price Performance

RDVT opened at $38.78 on Tuesday. Red Violet, Inc. has a 1 year low of $16.56 and a 1 year high of $39.27. The company has a market capitalization of $534.78 million, a price-to-earnings ratio of 107.72 and a beta of 1.46. The firm’s fifty day moving average price is $30.22 and its two-hundred day moving average price is $26.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its position in shares of Red Violet by 352.9% during the 1st quarter. Lazard Asset Management LLC now owns 3,614 shares of the company’s stock worth $70,000 after buying an additional 2,816 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Red Violet during the third quarter valued at approximately $199,000. Cubist Systematic Strategies LLC bought a new stake in Red Violet during the second quarter worth $204,000. PDT Partners LLC purchased a new position in Red Violet in the third quarter worth $325,000. Finally, BNP Paribas Financial Markets grew its stake in Red Violet by 157.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,613 shares of the company’s stock valued at $330,000 after purchasing an additional 7,108 shares during the period. 63.56% of the stock is currently owned by hedge funds and other institutional investors.

Red Violet Company Profile

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.