Red Violet (NASDAQ:RDVT) CFO Daniel Maclachlan Sells 12,000 Shares of Stock

Red Violet, Inc. (NASDAQ:RDVT) CFO Daniel Maclachlan 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 chief financial officer directly owned 358,902 shares of the company’s stock, 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 available through this link.

Red Violet Stock Performance

Shares of NASDAQ:RDVT opened at $59.30 on Tuesday. The company’s fifty day moving average is $42.30 and its 200-day moving average is $46.77. Red Violet, Inc. has a 52 week low of $33.40 and a 52 week high of $64.14. The company has a market capitalization of $836.66 million, a PE ratio of 61.77 and a beta of 1.71.

Red Violet (NASDAQ:RDVT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.14. The firm had revenue of $25.83 million for the quarter, compared to analysts’ expectations of $24.63 million. Red Violet had a net margin of 14.99% and a return on equity of 14.30%. On average, analysts forecast that Red Violet, Inc. will post 1.06 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on RDVT shares. Zacks Research cut Red Violet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Red Violet in a report on Friday, May 8th. Finally, Wall Street Zen downgraded shares of Red Violet from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

Institutional Investors Weigh In On Red Violet

Several institutional investors have recently bought and sold shares of the company. State of Wyoming boosted its holdings in Red Violet by 5.4% during the fourth quarter. State of Wyoming now owns 5,430 shares of the company’s stock worth $309,000 after purchasing an additional 279 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Red Violet by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,586 shares of the company’s stock worth $248,000 after purchasing an additional 312 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings 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 worth $32,000 after buying an additional 336 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Red Violet by 414.3% during the fourth 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. Finally, Deutsche Bank AG lifted its stake in Red Violet by 4.9% in the fourth quarter. Deutsche Bank AG now owns 9,116 shares of the company’s stock valued at $519,000 after acquiring an additional 426 shares during the last quarter. Institutional investors own 63.56% of the company’s stock.

Red Violet Company Profile

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.