Red Violet (NASDAQ:RDVT) President James Patrick Reilly Sells 12,000 Shares of Stock

Red Violet, Inc. (NASDAQ:RDVT) President James Patrick Reilly sold 12,000 shares of Red Violet stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $57.43, for a total value of $689,160.00. Following the sale, the president directly owned 232,351 shares of the company’s stock, valued at approximately $13,343,917.93. This represents a 4.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Red Violet Trading Up 4.3%

RDVT opened at $59.30 on Tuesday. Red Violet, Inc. has a 12-month low of $33.40 and a 12-month high of $64.14. The firm has a 50 day moving average of $42.30 and a two-hundred day moving average of $46.77. The firm 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 released its quarterly earnings data on Wednesday, May 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.32 by $0.14. The business had revenue of $25.83 million for the quarter, compared to the consensus estimate of $24.63 million. Red Violet had a net margin of 14.99% and a return on equity of 14.30%. As a group, analysts predict that Red Violet, Inc. will post 1.06 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Red Violet

Large investors have recently bought and sold shares of the business. State of Wyoming raised its position 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 acquiring an additional 279 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Red Violet by 5.0% during the first 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 in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of 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 purchasing an additional 336 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of 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 purchasing an additional 377 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Red Violet by 4.9% during the 4th quarter. Deutsche Bank AG now owns 9,116 shares of the company’s stock worth $519,000 after purchasing an additional 426 shares during the last quarter. Institutional investors and hedge funds 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.