Insider Selling: Red Violet, Inc. (NASDAQ:RDVT) Director Sells 22,300 Shares of Stock

Red Violet, Inc. (NASDAQ:RDVT) Director Peter Benz sold 22,300 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $37.43, for a total transaction of $834,689.00. Following the completion of the transaction, the director now directly owns 80,766 shares in the company, valued at $3,023,071.38. The trade was a 21.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Red Violet Stock Performance

Shares of RDVT stock opened at $36.80 on Friday. Red Violet, Inc. has a 52 week low of $16.56 and a 52 week high of $39.27. The company has a market capitalization of $507.47 million, a price-to-earnings ratio of 102.22 and a beta of 1.46. The company has a 50-day simple moving average of $31.00 and a 200 day simple moving average of $27.12.

Institutional Investors Weigh In On Red Violet

A number of institutional investors have recently made changes to their positions in RDVT. Marshall Wace LLP increased its stake in shares of Red Violet by 323.4% during the second quarter. Marshall Wace LLP now owns 56,561 shares of the company’s stock worth $1,437,000 after purchasing an additional 43,203 shares during the period. Los Angeles Capital Management LLC grew its holdings in Red Violet by 158.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 56,050 shares of the company’s stock valued at $1,595,000 after buying an additional 34,348 shares in the last quarter. Legato Capital Management LLC bought a new position in Red Violet during the 2nd quarter worth $595,000. Lazard Asset Management LLC lifted its holdings in shares of Red Violet by 352.9% during the first 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. Finally, Ancora Advisors LLC bought a new stake in shares of Red Violet in the first quarter valued at about $899,000. Institutional investors own 63.56% of the company’s stock.

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.